Pro Farmer Analysis
As Argentine farmers get started harvesting their soybean crop, yields are highly variable and below average, reports the Buenos Aires Grain Exchange.
Responding to higher world prices, farmers in Mato Grosso, Goias, Sao Paulo, Minas Gerais and the Matopiba region of Brazil probably planted more safrinha corn . . .
Highly variable Argentine soybean yields reported
Heavy showers and thunderstorms are forecast to track across northern Argentina and southern Brazil through Friday, according to World Weather Inc.
May soybeans rose 22 1/4 cents to $17.18 3/4, the highest settlement for a nearby contract since September 2012. May soyoil jumped 143 points to 75.97 cents per pound, while May soymeal climbed $8.30 to $485.10.
Cattle on Feed Report expected to show record March 1 inventory
In the latest projections, IHS Markit expects U.S. farmers to plant more beans and less corn, wheat and cotton acres than its January forecast.
To curb inflation, Brazil’s Economy Ministry announced coffee, margarine, cheese, pasta, sugar, soyoil and ethanol import taxes are suspended until the end of the year.
Farmers start planting in parts of Ukraine
China’s soybean imports from Brazil for January and February increased to 3.5 million metric tons (MMT). . .
Ukraine has restarted corn exports via rail through the western part of the country, said Roman Slastyon, general director of the Ukrainian Agribusiness Club.
Our survey surprisingly showed combined corn and soybean acres would decline 900,000 acres from last year
U.S. barge freight rates have skyrocketed as both immediate (spot) demand and April freight demand have surged, according to USDA data
Pro Farmer/Doane planting survey: Combined corn/bean acres to drop
The International Grains Council (IGC) reduced its forecast for grain exports from Ukraine and Russia.
Fed begins fight against inflation with anticipated rate hike
NWS: Warm spring, varied precip outlook
The current surge in Brazilian wheat exports might encourage farmers to expand their wheat acreage, according to some agricultural consultants.
Black Sea ag markets research firm SovEcon reduced its Ukraine grain production forecasts based on the Russian invasion and weather conditions.
India’s government is expected to announce several actions in the coming weeks to help it replace global wheat supplies, according to government sources Reuters reported.
April live cattle rose 52.5 cents to $140.85, the contract’s highest closing price since $141.425 on Feb. 28. April feeders edged up 20 cents to $162.60.
Russia attacks Ukraine’s agriculture infrastructure
Only 4.7 million hectares of spring grain will likely be planted in Ukraine this year, down 39% from last year, according to Black Sea ag consultancy APK-Inform.
Russia has not banned grain exports yet
Ukraine President Volodymyr Zelenskyy is urging farmers to sow as many fields as possible to protect the food supply.
Brazil announced a national fertilizer plan to reduce imports by 40% by 2050.
Meeting in Germany, the G7 agricultural ministers ask all countries to keep their food and agricultural markets open.
WOTUS has remained a source of friction & controversy since the Obama admin. put forth its more-restrictive definition in 2015 that was then replaced by the Trump admin. via the Navigable Waters Protection Rule.