PRO FARMER
A new report by Eurasia Group and the food security consultancy Gro Intelligence says the most likely outcome of the war in Ukraine isn’t a massive escalation by Russia or a sudden outburst of doves crying for peace...
Planting delays are an increasing concern in the northwestern Corn Belt with the final crop insurance planting date for corn on May 25 for all but. . .
In “First Thing Today” we noted the Biden administration announced the Indo/Pacific Economic Framework (IPEF) to counter China’s influence in the region. IPEF, consists of four pillars that seek to:
Nearby soybean futures extended a nearly two-week rally to four-week highs behind bullish demand fundamentals, including stronger-than- expected exports, while resurgent soymeal also supported the soy complex.
Since the start of the 2021-22 marketing year on July 1, Ukraine has exported 46.5 MMT of grain, up from 40.9 MMT during the same period last year. . .
The International Grains Council (IGC) cut its global corn production forecast by 13 MMT to 1.184 billion metric tons, reflecting a downward revision to the U.S. crop.
USDA’s Cattle on Feed Report Friday afternoon is expected to show the May 1 feedlot inventory up 1.3% from year-ago. . .
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. . .