Global Economy
There’s a dearth of corn needed to feed all of the hungry chickens in Brazil, the world’s biggest exporter of the meat.
Black Sea crops are enjoying near-perfect conditions and Europe is holding its breath for a decision from Russia regarding its export taxes. Odds increasingly favor their removal.
South Africa is aggressively seeking new markets for its grains in the Middle East and Asia. This year’s corn crop shrank due to drought and transportation infrastructure needs improvement but the nation places high value on trade as a route to for food security.
With so many potential deals in the works, now is a good time for producers to review the opportunities and challenges posed by agricultural cooperation on a worldwide scale.
Japan Cuts Feed-Wheat Purchasing Plan as Demand Shifts to Corn
Spring planting will not be business as usual in Ukraine. The loss of acreage there may well open the door to more U.S. exports. This is a first-hand account from a Ukrainian ag journalist.
The country has rejected over 1.2 million tons of U.S. corn cargoes since last year because they contain MIR 162.
Corn fell from the highest price since August as demand dropped for shipments from the U.S. and an industry group raised its global production forecast.
The corn has grown to only half its normal height on Yan Shuqin’s ranch in the hills of Inner Mongolia this year, as a swath of northern China suffers its worst drought in 60 years.
Commodities experts say Russia didn’t buy much wheat, corn, or soybeans anyway.