Ukraine
Nearly 4 million acres of CRP expire this year. Secy. Vilsack wrote to National Grain and Feed Association’s Mike Seyfert to share converting CRP is “unfeasible.” However, Vilsack did offer one caveat in his letter.
Before Putin’s forces even breached the Ukraine border, fear and speculation drove commodity prices skyward. Concerns are warranted.
Nick Gordiichuk estimates farmers will plant about 25% of their crops this year. He has no idea when he will get back into fields. Many contain landmines, unexploded rockets and war’s debris.
Ukrainian farmers had sown about 400,000 hectares (988,000 acres) with various spring crops by Thursday, or a tenth more than by the same date last year, despite the Russian invasion, said deputy ag minister.
With the ongoing war in Ukraine, a recent U.S. Farm Report viewer asked about the U.S. and energy independence. John Phipps provides a reality check of the current situation when it comes to crude oil and petroleum.
The Ukranian government announced removal of corn and sunflower oil export license requirements to allow for easier exports, while also hoping the sale of the commodities will provide money for spring planting.
The crisis in Ukraine continues as farmers prepare to plant. And now there are reports planted acres in the country could fall by half this spring as Russia is accused of deliberately targeting Ukrainian agriculture.
As the White House looks to fill the gap of displaced Russian oil, agriculture says E15 is a ready-made answer. Analysis by the Nebraska Ethanol Board shows why bumping blends to E15 could ease prices at the pump.
The fundamentals in both the grain and livestock markets didn’t change this week. So, why did prices see such a volatile trading week? Joe Vaclavik and Don Close break down this week’s market action on U.S. Farm Report.
As the crisis in Ukraine continues and the world debates whether Ukraine will plant crops this year, what is best-case and worst-case scenario for agriculture in Ukraine? U.S. Farm Report analysts weigh the scenarios.