Latest News From Exports

This spring about 100 growers in New York started shipping corn and soybeans to Europe and Africa, via the Great Lakes Seaway system.

Biden says Ukraine has 20 million tons of stored grain awaiting export to various countries. He says lack of port movement coupled with halted planting in Ukraine will ignite a global food crisis unless action is taken.

The Biden administration is calling on Congress to provide additional resources overseas to “ensure Ukraine’s democracy prevails over Putin’s aggression," including $500 million dedicated to domestic ag production.

The top 10 export markets all saw gains in 2021, with six of the 10 (China, Mexico, Canada, South Korea, the Philippines and Colombia) setting new records.

Markets are ready for a weekend

And other reasons you should care about infrastructure.

Dr. Pat Westhoff joins AgriTalk’s Chip Flory to share his spin on the latest trends in crop markets, livestock outlooks and projections for net farm income.

Chicago Board of Trade corn and soybean futures rose to their highest since mid-June on Thursday, with traders noting continued support from a U.S. government report that showed spring plantings fell below expectations.

Recently I received a request for an explanation of the corn futures delivery process.  So, I reached out to my good friend Joe Rich of O’Bryan Commodities to help me summarize this complex process.

As of Friday morning, there were 62 vessels and 1,058 barges in the queue, ready to head to the Gulf.

The Hernando de Soto Bridge, which links Memphis and eastern Arkansas, could be closed to vehicle traffic for a couple of months. Grain exporters are hoping barge traffic will be able to resume much sooner.

A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade.

China Soybean Imports Down

U.S. corn futures edged higher in actively traded nearby contracts on Tuesday on strong export demand after the U.S. Department of Agriculture confirmed the largest sales to China since January.

Since last year, China has been importing record volumes of U.S. corn due to a supply shortage and record domestic prices.

China booked its largest purchase of U.S. corn since January, the U.S. Department of Agriculture said on Tuesday.

Both corn and soybeans still face the potential for export cancellations, which could lead to larger carryouts and impact prices long-term. How will farmers be affected?

U.S. President Joe Biden and his Chinese counterpart Xi Jinping held their first telephone call as leaders.

Markets Mixed To Start Short Week

Rising household incomes, increasing production and favorable trade policies have led to major growth in U.S. agricultural exports in the past several decades.

Money from agricultural exports doesn’t just go to farmers, there’s a large chain of people involved in that process who all benefit.

Traders knew that USDA would be forecasting enormous harvests for domestic corn and soybeans even before the outlook was published Wednesday, but that has not removed uncertainty about the size of the corn crop

Chinese buyers booked their single biggest-ever purchase of U.S. corn, extending their flurry of large U.S. purchases even as tensions between Washington and Beijing rise.

China booked its biggest single-day U.S. corn purchase on record on Tuesday, its second massive deal for the yellow grain in less than a week.

Zen-Noh Grain Corporation (ZGC), of Japan, announced on Wednesday that it will buy 35 Bunge grain origination elevators along the Mississippi River. The purchase from Bunge North America is pending regulatory approval.

While domestic numbers remained largely unchanged in the March WASDE report, there were some signals about the South American corn and soybean crops.

The push to develop markets and diversify beyond China

The Feb. 11 WASDE report indicates increased soybean purchases by China.

Secretary of Agriculture Sonny Perdue today announced the third and final tranche of 2019 Market Facilitation Program (MFP) payments.

After spells of record rain delayed planting and harvesting, at least one international customer is now complaining about the poor quality of U.S. corn.

U.S. Farmers are waiting for the details in the Phase 1 trade agreement with China. While eyes are on grains and livestock, Southern growers hope China wants tobacco too.

The 800-lb. Gorilla

Rumors continue to fly that China is buying more U-S soybeans. Reuters reporting China bought several cargoes of U-S beans on Monday for shipment from November to January. We will have to await confirmation from USDA.

President Donald Trump remains in U.S. farmers’ good graces, according to the latest Farm Journal Pulse survey.

President Donald Trump remains in U.S. farmers’ good graces, according to the latest Farm Journal Pulse survey.

Betsy Jibben talks with Ralph Sandeford, the owner of the Midville Gin and Warehouse, Midville, GA.

Betsy Jibben talks with Ralph Sandeford, the owner of the Midville Gin and Warehouse, Midville, GA.

The White House is ramping up pressure to reach a trade deal with China in the next two weeks, warning that the U.S. is prepared to walk away from the negotiations.

There is trade talk movement on several fronts right now.

It's reported China is buying more U.S. soybeans.

It's reported China is buying more U.S. soybeans.

Cedar Rapids, Iowa is more than Iowa’s second largest city. It’s also a processing powerhouse, home to major names like Cargill and ADM.

Cedar Rapids, Iowa is more than Iowa’s second largest city. It’s also a processing powerhouse, home to major names like Cargill and ADM.