PRO FARMER
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.
Indonesia’s palm oil export ban has re-ignited the discussion of using cooking oils to make biodiesel.
Mato Grosso, Brazil’s top safrinha corn producer, is facing its driest April in 17 years, according to weather service EarthDaily Agro.
Global food and fuel price shocks linked to the Russia/Ukraine war are likely to last until at least the end of 2024 and raise the risk of stagflation, the World Bank said in its latest Commodities Market Outlook report.
World Weather Inc. predicts the Midwest will see a mix of rain and sunshine during the next two weeks.
CME Group announced some price limits for grains and oilseeds would be reset starting May 1 for the trade date of May 2, 2022.
30 day outlooks for corn, soybeans, wheat and cotton.