Wheat
With little to no diesel readily available to fuel harvest, wheat and other grains languish in the country’s fields. One analyst says he expects the global wheat market will be shorted 10 million metric tons.
The start of summer also ushers in the steady rhythm of wheat harvest across the plains. What typically is picture-perfect setting of beauty from amber waves of grain is one that shows the scars of drought.
With threats to global food supplies, ag companies are stepping up to ensure wheat has a seat at everyone’s table. Embrapa is taking a shot at filling the wheat void through GMO wheat trials.
Russia is ready to provide a humanitarian corridor for vessels carrying food to leave Ukraine, in return for the lifting of some sanctions, Interfax news agency reported, citing Russian Deputy Foreign Minister.
Russian wheat export prices rose last week following higher wheat prices in Paris, analysts said on Monday, adding that the country’s exports continued to slow down due to seasonal factors.
U.S. wheat futures fell sharply on Wednesday following a report about efforts by the United Nations to restore Ukraine grain shipments along with news of potential Russian wheat exports.
Kansas City wheat scored record highs on Tuesday, exceeding the highs set in 2008.
What’s included in the White House’s recent Ukraine aid proposal? AgriTalk Host Chip Flory reads between the lines with the Biden administration’s Candace Vahlsing, as industry leaders examine the potential consequences.
The Biden administration is calling on Congress to provide additional resources overseas to “ensure Ukraine’s democracy prevails over Putin’s aggression,” including $500 million dedicated to domestic ag production.
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.