Trade
Drought is impacting operations along the Panama Canal, one of the largest shipping channels in the world, with restrictions now placed on both the number of ships, as well as the amount of cargo they can carry.
John Phipps says the rapid reduction in farmer numbers is a result of government efforts to raise money, since the government owns the land, and achieve modest economies of scale for added productivity.
The ag port addition is expected to increase exports of DDGS, corn and soybeans by 400,000 metric tons each year.
In Mexico, corn is much more than a food crop—it’s a key part of the country’s heritage, culture and traditions. Mexico argues glyphosate and GMOs are dangerous to human health, and seeks alternative practices.
Ukraine is a key player in global agriculture, and how these conflicts play out will have international impacts.
Grain prices continue to rally as Russia ramped up attacks on Ukrainian ports on the River Danube. But agricultural economists and markets analysts point out the situation still hasn’t reached a worst-case scenario yet.
According to a new report by USDA, ag imports from Latin America and the Caribbean have increased over the past 12 years, with a compound annual growth rate of 6.9%.
The July Ag Economists’ Monthly Monitor showed several key changes from June including a bigger cut to corn and soybean yields, a drop in corn and soybean prices and more bullish cattle and hog prices.
The leaders also drafted a proposed legislation earlier this month that promises treaty-like benefits for businesses seeking cross-border investment opportunities via the tax code.
The Kremlin said there was no link between the attack and suspending the deal, which lets Ukraine export grain through the Black Sea. Instead, it occurred over a failure to ease rules for food and fertilizer exports.