Supply Chain
The higher cost of shipping U.S. agricultural inputs and products both internationally and domestically has increased costs of production for U.S. farmers, contributing to a projected decline in net farm income for 2022.
Supply chain issues and concerns about sourcing inputs for the 2022 growing season prompted more farmers to try e-commerce for pricing inputs this year as FBN says their website saw an uptick in traffic and sales.
Strong basis bids are sparking questions about the reality of corn supplies and issues in getting grain to areas of the country that need it. Analysts are watching USDA’s Grain Stocks report this week for answers.
Russian forces targeted at least two large grain terminals Wednesday in the port of Mykolaiv. Western governments claim Russia is carrying out a campaign to degrade Ukraine’s ability to export food.
Diesel prices are causing sticker shock, as fears of a possible diesel shortage are growing. It’s not just retail diesel prices that are rapidly rising. Some farmers report booking off-road diesel for above $5.
Transforming the U.S. food system by improving supply chains and addressing issues exposed by the Covid-19 pandemic was detailed by USDA Secretary Tom Vilsack during a speech at Georgetown University.
Shanghai offered some tax rebates for companies and allowed all manufacturers to resume operations from June as authorities rolled out policies to revitalize an economy impacted by Covid-19 lockdowns.
After making it through the spring planting season, sometimes with the help of bulletproof vests and helmets, Ukraine’s farmers are facing another challenge – finding enough diesel for the harvest to come.
U.S. diesel prices are the highest ever, with warnings of shortages, especially in the eastern U.S., and the most intensive part of the farming season is still ahead.
After just three weeks, Indonesia announced it’s lifting its ban on palm oil exports. The move was expected by S&P Global Commodity Insights, saying there was no shortage of palm oil supplies when the ban was announced.