PRO FARMER
Ukrainian ports will remain closed until the Russian attack is over, according to the head of Ukraine’s Maritime Administration Vitaliy Kindrativ.
Brazil’s soybean harvest was 44% complete as of Feb. 24, according to ag consultancy AgRural.
Russia’s attack on Ukraine is expected to halt the processing and export of Ukrainian oilseed crops for at least one month, curbing flows of sunflower seed to the European Union, consultancy Strategie Grains said.
During his press conference at USDA’s Ag Outlook Forum, Ag Secretary Tom Vilsack said it was “too early to tell” what the impacts will be from the Russian invasion. . .
USDA now predicts an $11.0 billion ag trade surplus for fiscal year (FY) 2022. That is up $500 million from its prior outlook and $2.1 billion above FY 2021.
Iowa Attorney General Tom Miller announced Iowa State University agriculture economist John Crespi will conduct an economic summary of fertilizer markets and the rapid prices increases.
USDA released is initial 2022-23 balance sheets at the start of its annual Ag Outlook Forum this morning.
A proposed decree between Growth Energy and EPA would require them to set the final Renewable Fuel Standard (RFS) levels for 2021 and 2022 by June 3, 2022.
USDA will release its 2022-23 projections on Thursday morning at its Outlook Forum, including its 2022 acreage forecasts.
Nearby winter wheat futures soared to the highest levels in over nine years on concern Russia’s escalating aggression toward Ukraine will disrupt the global grain trade.