Trade tensions between the U.S. and China ratcheted higher after the Asian nation said it will follow through on plans to levy tariffs on a range of American farm goods including soybeans and corn.
Wheat for food use this year is up 14 million bushels over this past year at 943 million. This sharp increase is finally reversing a declining per capita trend.
U.S. farmers are expected to harvest their smallest winter wheat crop in more than a decade amid an ongoing drought that has devastated fields across the nation's breadbasket.
The annual Wheat Quality Council crop tour is the first opportunity of the year to inspect multiple fields and assess the damage from dry and unusually cold weather, which has included two major freeze events.
Cold weather in central areas and the Volga valley of Russia delayed the resumption of winter wheat growth by about two to three weeks compared with last year.
Corn stocks in all positions totaled 8.89 billion bushels, up 3 percent from last year. Soybeans stored in all positions totaled 2.11 billion bushels, up 21 percent.
In spite of what we heard for months of sideways trading markets and media fear of being saddled long term by mountains of grains (especially corn), some real issues are surfacing.
Russia’s wheat stockpiles are set to swell to the highest levels since at least Soviet times, keeping its prices low in a blow to European Union rivals .
The amount of moisture received across the US southern high plains since October has been ridiculously low. Forecasters warn of intensifying drought and wheat crop losses.
Canadian National Railway Co.’s new leader vowed to clear backlogs that have angered customers and to speed up service immediately by deploying additional resources.
Last week President Trump announced new tariffs on steel and aluminum imports. Entering into this kind of trade war could have a significant impact on farmers analysts say.
When crop insurance prices are set March 1, zero in on your marketing plans. If prices come in higher than expected aim for higher marketing goals, whereas if prices come out lower be especially strategic when marketing.
When crop insurance prices are set March 1, zero in on your marketing plans. If prices come in higher than expected aim for higher marketing goals, whereas if prices come out lower be especially strategic when marketing.
A shortage of rail cars in Canada is leaving grain and oil shipments stranded on the Prairies, sending crude prices plummeting and leaving farmers in a cash crunch.
USDA estimates farmers will plant less winter wheat for the 2018/19 marketing year than they have in 109 years. This is based on an 82,000 farmer survey.
