Pro Farmer Analysis
Ukraine’s agricultural production may fall 30% to 40% this year due to the war, but 2023 will be “very bad” . . .
Corn futures fell sharply, erasing gains posted early this week, as spillover from a selloff in the wheat market and prospects for a resumption of grain shipments out of Ukraine sparked active profit-taking.
Ukraine is making progress in developing grain exports over land to the EU but will need to regain sea access blocked by Russia’s invasion to avert a worsening crisis for food importing countries. . .
Gov. Kim Reynolds (R-Iowa) signed legislation Tuesday that will subsidize and expand sales of E15 gasoline and other renewable fuels.
Members of the National Oilseed Processors Association (NOPA) crushed 169.8 million bu. of soybeans in April, down 12.0 million bu. (6.6%) from March. . .
Fundamental & technical analysis of Monday’s wheat markets.
“Many of Canada’s dairy TRQs remain unfilled, and this represents a tangible loss to New Zealand’s dairy exporters…
Dr. Joe Outlaw, “I think the biggest reason the U.S. won’t see a crisis like the 1980s again is the federal crop insurance program.”
There have been only five other years when USDA went with an initial sub-trend yield due to slow plantings . . .
The Buenos Aires Grain Exchange projects Argentina’s wheat crop will fall to 20.5 MMT in 2022-23. . .
New-crop futures led the corn market higher after USDA lowered its yield projection more than expected, fueling concern that . . .
Crop insurance premiums could skyrocket as climate change intensifies. . .
China’s ag ministry expects the country’s corn acreage to decline 1.9% . . .
Brazil’s soybean crop is expected to jump nearly 20% . . .
China’s producer price index (PPI) eased to a 12-month low of 8.0% above year-ago in April.
The Surface Transportation Board (STB) implemented new rules for some of the largest railroads after customers said train backlogs have hampered their operations, the agency said.
Asked why crops like soybeans would require subsidies into next year, Bronaugh said prices could dip in the next year — even though ag economists expect prices to remain high through 2023.
Ukraine has sown about 7 million hectares of spring crops so far this year, 25% to 30% less than in the corresponding period in 2021, according to the country’s ag minister.
Negotiations are underway in Congress on provisions in the Ukraine aid package forwarded by President Joe Biden, including provisions that would provide a temporary boost in commodity loan rates. . .
Ukraine’s 2022 wheat crop is likely to be “close” to last year’s 32 MMT output, APK-Inform ag consultancy quoted the National Academy of Agrarian Sciences of Ukraine as saying.
Biofuel & farm groups see E15 & higher blends of corn ethanol into gasoline as the strategy to increased sales, but the current structure of the RFS “does not serve to incentivize ethanol blends higher than E10...
The European Union has agreed on a 7% cap for food-based biofuels. Germany is seeking to reduce that figure further.
History strongly suggests retailers will be buying beef quite strongly over the next six weeks.
Farmers in Canada are struggling to plant crops in fields that are either too wet or too dry in the Prairie provinces.
One of Brazil’s largest farmers plans to reduce fertilizer use by a quarter next season, relying on more precise applications and soil testing to maintain crop yields, Bloomberg reported.
U.S. consumer demand for retail meat remains exceptionally strong despite higher prices stemming from increased production costs and supply-chain limitations.
Canadian farmers are expected to plant 25.0 million acres of wheat in 2022, up 1.6 million acres from last year and 800,000 acres more than traders expected, according to Statistics Canada.
EPA issues E15 summer emergency waiver
Ag production incentives part of Ukraine assistance request
Indonesia’s palm oil export ban has re-ignited the discussion of using cooking oils to make biodiesel.