Search:

The search returned 10 results.

Start:    End:       Search Title?    Search Article?    Search Tags?
YOUR SEARCH RESULTS:

WASDE Data Shows Lower Projected Corn Crop and Lower U.S. Exports

In the latest World Agricultural Supply and Demand Estimates (WASDE) report, the USDA's outlook for U.S. feed-grain is for lower production, domestic use, exports and ending stocks, and higher prices. The corn crop is projected at 14.5 billion bushels, which is down 4.3% from last year.  

In a special note, USDA wrote "Russia’s recent military invasion of Ukraine significantly increased the uncertainty of agricultural supply and demand conditions in the region and globally. The May WASDE represents an ongoing assessment of the short-term impacts as a result of this action". 

Total U.S. corn use for the 2022/23 year is expected to decline 2.5% from a year ago due to lower exports and domestic use. Corn used to produce ethanol is unchanged from last year, reflecting expectations of steady U.S. motor gasoline consumption

U.S. corn exports are down 4% in 2022/23 due to lower supplies and strong domestic demand. Despite record exports projected for Argentina and Brazil, a 550-million bushel drop in exports for Ukraine is the main cause for a decline in world trade...

Full Story »
May 13 8:24 AM, UB Newswires



Ukraine Formally Closes Four Seaports Under Russian Control 

In a statement released on May 2, Ukraine’s Agriculture Ministry said the country has closed the four seaports of Berdyansk, Mariupol, Skadovsk, and Kherson "until Ukraine regains control” over them.

The ministry explained that the closures have been caused by the “inability to service ships and passengers, cargo, transport, and other related economic activities so as to ensure an adequate level of shipping safety and compliance with international treaties”.

Following Russia's invasion of Ukraine in late February, Russian forces had captured or blockaded some ports, forcing all Ukrakina seaports to indefinitely halt their activities. 

Ukraine is a major exporter of agricultural commodities including grains and vegetable oils. Prior to the conflict, most of Ukraine’s exports were shipped via sea but have since been rerouted to export by train or by its Danube river ports.

On Monday, Ukrainian President Volodymyr Zelenskyy warned that Ukraine could lose tens of millions of tons of grain due to the Russian-controlled Black Sea shipping lanes...

Full Story »
May 2 10:00 AM, UB Newswires


CBOT Corn Prices Climb to a Nearly Decade High

CBOT corn futures roared to a nearly decade-high earlier this week as traders assessed ongoing supply concerns and global disruptions precipitated by the Russia-Ukraine war.

On Monday, July corn futures eclipsed $8 per bushel, the highest level since September 2012. July corn was trading at around $6 per bushel towards the beginning of 2022.  

The ongoing conflict in Ukraine has exacerbated upward price pressure for corn, along with many other agricultural commodities. Ukraine is a major exporter of items including wheat and barley. Russia’s largest exports include oil and...

Full Story »
Apr 20 11:00 AM, UB Newswires


Chicago Grain Traders Await USDA's WASDE, Crop Production Reports

Chicago grain futures closed mixed on Thursday. May corn rounded out yesterday's session 1 ½ cents higher at $7.57 ¾ a bushel while May soybeans were up 26 cents to $16.45 ½ cents a bushel.

Front-month Chicago wheat slipped by 18 ¼ cents to $10.20 a bushel, pressured in part by moisture in areas of the southern wheat-producing states.

According to the USDA weather desk, recent rain from northeastern Texas eastward has eased short-term drought, although drought remains entrenched over the southern and western portions of the region.

The USDA indicates that about 46% of the nation's spring wheat production is currently located within an area experiencing drought. 

Grain prices remain largely supported by Russia's ongoing invasion of Ukraine, which has spurred concerns about global supplies amid stalled Ukrainian exports of key agricultural commodities including wheat, corn, and sunflower oil...

Full Story »
Apr 8 10:15 AM, UB Newswires


Fertilizer Prices Spike to Record High Amid Ongoing Russia-Ukraine War

According to Green Markets North America Fertilizer Price Index, fertilizer prices last week surged to a record high at 1,248.09. The previous record high was set in 2008 at 932.27, which was influenced by a variety of factors including strong domestic and global demand coupled with low fertilizer inventories. 

Numerous Western sanctions against Russia over its invasion of Ukraine have raised widespread concerns for farmers globally, who must navigate sharply higher input costs in addition to ongoing supply chain issues. 

According to the Observatory of Economic Complexity, Russia was the world's largest fertilizer exporter in 2019, having exported $8.85 billion in fertilizer trade volume that year. In 2019, Brazil was the world’s top importer of fertilizer, followed by India and the United States...

Full Story »
Mar 24 8:00 AM, UB Newswires


Ukrainian City Kherson Falls Under Russian Control

The Russian invasion of Ukraine entered its eighth day today. According to Ukrainian officials, Russian forces took control of the southern port of Kherson on Wednesday, a key harbor on the Black Sea. Ukraine’s entire Black Sea coast is in danger of being captured by Russia, potentially sequestering Ukraine from worldwide trade.

Both Russia and Ukraine are major exporters of grains including wheat and corn. Disruptions to shipments out of the Black Sea region can fan the flames on food inflation and aggravate concerns about the cost of living for consumers across the world. 

In an update provided by Ukraine’s Ministry of Defense earlier this morning, it was reported that Russian forces were still attempting to reach the northern outskirts of Kyiv, Ukraine’s capital city. The Ministry of Defense added that Russian attacks were continuing in other cities including Chernihiv, Kharkiv, and Okhtyrka. Talks between delegations from Ukraine and Russia were scheduled to resume at 3 p.m. Moscow time on Thursday...

Full Story »
Mar 4 8:00 AM, UB Newswires


President Biden Addresses Russia-Ukraine War in State of the Union Speech

President Joe Biden delivered his first State of the Union address Tuesday evening and highlighted several pressing topics including Russia’s invasion of Ukraine, the ongoing pandemic, and the nation’s economy.

In his speech, President Biden stated “[w]e are inflicting pain on Russia and supporting the people of Ukraine. Putin is now isolated from the world more than ever,” adding “[t]ogether with our allies–we are right now enforcing powerful economic sanctions.”

Global sanctions have been imposed against Russia in an attempt to castigate Russian President Vladimir Putin for his aggression against Ukraine. The sanctions are taking aim at Russia’s stocks and currency, along with the country's transportation and energy sectors. President Biden explained “we are cutting off Russia’s largest banks from the international financial system”, and “choking off Russia’s access to technology that will sap its economic strength and weaken its military for years to come.” 

In yesterday’s address, Biden confirmed that the United States will join other countries including the EU and Canada in prohibiting Russian planes from its airspace...

Full Story »
Mar 3 7:55 AM, UB Newswires


WASDE Report Shows Larger Corn Production, Slightly Smaller Stocks

In the latest World Agricultural Supply and Demand Estimates (WASDE) report, the USDA outlook for U.S. corn calls for larger production, increased ethanol use, and marginally lower ending stocks. Production is forecast at 15.062 billion bushels, up 43 million from last month’s projection on a record high yield.

Exports are raised for Argentina and the EU but lowered for Bangladesh. For 2020/21, corn exports for Argentina are raised but reduced for Brazil for the local marketing year beginning March 2021.

The projected season-average corn price was unchanged at $5.45 per bushel.

CBOT corn futures reacted to the bullish news, gaining approximately 9 to 10 cents per bushel as of writing.

Soybean production was pegged at 4.42 billion bushels, down 23 million due to lower yields. Prices for soybeans were down 25 cents at $12.10 per bushel. Soybean meal and oil prices are unchanged at $325.00 per short ton and 65.0 cents per pound, respectively.

Full Story »
Nov 10 11:13 AM, UB Newswires


USMEF Welcomes Ohio Corn as Million Dollar Club Member

The U.S. Meat Export Federation (USMEF) is recognizing the Ohio Corn Checkoff as the newest member of the USMEF Million Dollar Club – a group of agricultural organizations that have invested more than $1 million in the promotion of U.S. beef, pork in lamb in international markets.

Ohio Corn’s first investment in USMEF programs came in 1990. An award honoring Ohio corn producers for more than 30 years of steadfast and consistent support of USMEF will be presented Nov. 11 at the USMEF Strategic Planning Conference in Carlsbad, Calif...

 

Full Story »
Nov 2 8:00 AM, General News


Study Shows How Corn and Soybean Producers Benefit from U.S. Red Meat Exports

U.S. beef and pork exports brought critical returns to the corn and soybean industries in 2020, according to an independent study conducted by World Perspectives, Inc. and released by the U.S. Meat Export Federation (USMEF). According to the study, U.S. beef and pork exports added 41 cents per bushel to the value of corn and $1.06 per bushel to soybeans in 2020.

“As the study indicates, my farm gains from red meat exports in the price of every acre of crops that we grow,” says...

Full Story »
Aug 6 8:20 AM, General News







Load More
Label Label
Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

DISCLAIMER
THE INFORMATION, PRODUCTS, CONTENT AND DATA ON THE SITE ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. WE DO NOT WARRANT THAT THE FUNCTIONS CONTAINED IN INFORMATION, CONTENT AND DATA ON THE SITE (INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT) WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SITE OR THE SERVERS THAT MAKE SUCH INFORMATION, CONTENT AND DATA AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. MOREOVER, YOU ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION. WE DO NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF ANY INFORMATION, CONTENT, DATA, PRODUCTS OR SERVICES CONTAINED ON OR OFFERED, MADE AVAILABLE THROUGH, OR OTHERWISE RELATED IN ANY WAY TO THE SITE, INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT, OR ANY THIRD-PARTY SITES, PRODUCTS OR SERVICES LINKED TO FROM THE SITE IN TERMS OF THEIR CORRECTNESS, ACCURACY, COMPLETENESS, RELIABILITY, SAFETY OR OTHERWISE. APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.