PRO FARMER
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
The International Grains Council (IGC) reduced its forecast for grain exports from Ukraine and Russia.
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.
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.
Ukraine President Volodymyr Zelenskyy is urging farmers to sow as many fields as possible to protect the food supply.