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Urner Barry Releases September Soy & Wheat Report

According to the latest USDA WASDE, the outlook for 2021/22 U.S. wheat this September is for reduced supplies and slightly higher domestic use with decreased imports. Projected 2021/22 ending stocks were reduced 12 million bushels to 615 million and are 27% below last year, the lowest in eight years. Also, the projected 2021/22 season-average farm price is lowered $0.10/bu to $6.60/bu on reported NASS prices to date and price expectations for the remainder of the crop season.

Globally, wheat supplies are projected to increase by 7.1 million tons for a total of 1,072.8 million. This increase is due to a combination of larger beginning stocks for Canada, the European Union, and India, with higher production for...

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Sep 16 8:34 AM, Plant Protein



Urner Barry Releases September Pulse Protein Report

On September 7, the USDA reported an average $40.00/cwt for U.S. #1 garbanzo beans compared to $36.00/cwt at the end of July. U.S. whole green peas averaged $23.00/cwt as of mid-August, an increase of $3.00/cwt as of end-July. Prices for North American yellow peas saw a slight decrease in the last month, totaling $24.16/cwt.

Hurricane Ida made landfall as a Category 4 hurricane near Port Fourchon, Louisiana on August 29, before weakening to a tropical storm. Energy companies began evaluation of facilities hit by the storm last week, as widespread power outages and...

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Sep 9 8:38 AM, Plant Protein


Urner Barry Releases August Emerging Plant Protein Report

According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this August is for reduced supplies along with lower domestic use, higher exports, and smaller ending stocks. All rice production was reduced by 2.0 million cwt to 197.4 million, all on lower yields. The all rice yield is 7,544 pounds per acre and is down 76 pounds from the previous forecast. Projected 2021/22 all rice ending stocks were reduced by 4.0 million cwt to 37.3 million, down 15% from a year ago. The all rice season average farm price for 2021/22 has increased $0.10 per cwt to $14.50.

According to the USDA's Rice Outlook for August, persistent rainfall across the South continues to delay crop progress, field operations, and harvest in much of the region. For the week ending August 8, 74% of the U.S. 2021/22 rice crop was reported...

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Aug 19 8:31 AM, Plant Protein


Urner Barry Releases August Soy & Wheat Report 

Within North America, the bulk of soybean production occurs in the plains regions of the Midwest. The top soy producing states are Illinois, Iowa, and Minnesota, respectively. Kansas overwhelmingly leads nationally in all wheat production, followed by North Dakota and Montana.

According to the latest USDA WASDE, the outlook for 2021/22 U.S. wheat this August is for reduced supplies and lower domestic use with unchanged exports and...

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Aug 16 8:28 AM, Plant Protein


Urner Barry Releases August Pulse Protein Report

On August 2, the USDA reported an average $35.00/cwt for U.S. #1 garbanzo beans compared to $34.00/cwt at the end of June. U.S. whole green peas averaged $15.00/cwt as of mid-July, an increase of $0.80/cwt as of end-June. Prices for North American yellow peas have continued to rise, with the USDA reporting an increase of $2.30/cwt from mid-July, totaling $18.10/cwt.

Also, the Food and Agriculture Organization reported that the FAO Food Price Index averaged 124.6 points in June, down 3.2 points from May, but still 33.9% higher than...

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Aug 5 8:28 AM, Plant Protein


Urner Barry Releases July Emerging Plant Protein Report

According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this July is for slightly larger supplies along with lower domestic use, higher exports, and larger ending stocks. All rice production was reduced 2% to 199.3 million cwt. NASS reported that the severe drought in California reduced medium and short grain area. The all rice yield was also lowered based on...

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Jul 22 8:26 AM, Plant Protein


Urner Barry Releases July Soy & Wheat Protein Report

Average all-wheat prices increased $0.42/bu from April while average soybean prices increased as well by $0.90/bu. July front month futures decreased from May’s rates. CBOT wheat front month futures reached $6.28/bu in July, a decrease of $0.39 from June. Also, CBOT soybeans totaled...

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Jul 16 7:41 AM, Plant Protein


Urner Barry Releases July Pulse Protein Report

On July 1, the USDA reported an average $33.00/cwt for U.S. #1 garbanzo beans compared to $30.00/cwt at the end of May. This represents a month-over-month decrease of $3.00/cwt. U.S. whole green peas averaged $13.33/cwt as of late June, an increase of $2.83/cwt as of end-May. Prices for North American yellow peas have started to increase, with the USDA reporting an increase of $2.50/cwt from early June, totaling $17.50/cwt.

While the pandemic has had a negative impact on the foodservice industry and there were...

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Jul 8 8:26 AM, Plant Protein


Urner Barry Releases June Emerging Plant Protein Report

According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this June is for smaller supplies along with unchanged domestic use and exports, and reduced ending stocks. The 2021/22 U.S. rice crop remains projected at 203.6 million cwt, down about 11% from a year ago, but well above...

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Jun 24 8:28 AM, Plant Protein


Urner Barry Releases June Soy & Wheat Protein Report

Average all-wheat prices increased $0.18/bu from March while average soybean prices increased as well by $0.70/bu. June front
month futures decreased from May’s rates. CBOT wheat front month futures reached $6.83/bu in June, a slight decrease of $0.27
from May. Also, CBOT soybeans totaled $15.47/bu in June, representing a decline of $0.25/bu from the month prior...

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Jun 17 8:26 AM, Plant Protein


Urner Barry Releases June Pulse Protein Report

On June 1, the USDA reported an average $33.00/cwt for U.S. #1 garbanzo beans compared to $30.00/cwt at the end of May. This represents a month-over-month decrease of $3.00/cwt. U.S. whole green peas averaged $11.00/cwt as of early June, a slight...

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Jun 10 8:32 AM, Plant Protein


Urner Barry Releases May Emerging Plant Protein Report

This month, the USDA released its first World Agricultural Supply and Demand Estimates (WASDE) projections for the 2021/22 U.S. rice balance sheet and for the global rice market. For the United States, production is projected at 203.6 million cwt, down almost 11% from a year ago, a result of smaller plantings. However, that projection is still well above the 2019/20 rice crop. The 24 million cwt decline is the result of...

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May 20 8:33 AM, Urner Barry


Urner Barry Releases May Soy & Wheat Protein Report

In March, farmers experienced a decline in prices for their soybean and all-wheat crops. Average all-wheat prices decreased $0.97/bu from February while average soybean prices declined $4.23/bu. May front month futures increased from April’s rates. CBOT wheat front month futures reached...

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May 13 2:53 PM, Plant Protein


Urner Barry Releases May Pulse Protein Report

On April 29, the USDA reported an average $30.00/cwt for U.S. #1 garbanzo beans compared to $28.00/cwt at the end of March. This represents a month-over-month increase of $2.00/cwt. North American green peas experienced a decrease from early April rates, and are now steady with prices seen in mid and late March. U.S. whole green peas averaged $10.50/cwt as of the end of April, a slight decrease of $0.50/cwt from mid-April rates. Purchases of North American yellow peas for animal feed in China have...

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May 6 8:28 AM, Plant Protein


Urner Barry Release April Emerging Plant Protein Report 

According to the USDA’s Rice Outlook for April, the first survey-based indication of 2021/22 U.S. rice acreage puts plantings at 2.71 million acres, down 11% from a year prior. Total domestic and residual use was lowered by 2 million cwt, totaling 158 million cwt, which is still the highest on record. The supply and use revisions resulted in a 3.5 million cwt increase in the 2020/21 ending stocks forecast for a total...

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Apr 22 8:32 AM, Urner Barry


Urner Barry Releases April Soy & Wheat Protein Report

In February, farmers experienced another consecutive month of increased prices for their soybean and all-wheat crops. Average all wheat prices rose $0.35/bu from January while average soybean prices rose $1.80/bu. April front month futures are mixed, with a reduction for CBOT wheat from February rates. CBOT wheat front month futures reached $6.15/bu in April, a decline of $0.21/bu from March. Meanwhile, CBOT soybeans remained steady from February rates, totaling...

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Apr 15 8:38 AM, Plant Protein


Urner Barry Releases April Pulse Protein Report 

On March 31, the USDA reported an average $28.00/cwt for U.S. #1 garbanzo beans compared to $21.50/cwt in early February. This represents a month-over-month increase of $6.50/cwt. North American green peas also experienced price increases from February rates. U.S. whole green peas averaged $10.25/cwt as of the end of March, a slight increase of $0.75/cwt from February rates. Purchases of North American yellow peas for animal feed in China have contributed to another consecutive month of increased yellow pea prices. The USDA reported an increase of...

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Apr 8 8:21 AM, Plant Protein


Urner Barry Releases March Soy & Wheat Protein Report

In January 2021 farmers experienced yet another consecutive month of increased prices for their soybean and all-wheat crops. Average all wheat prices rose $0.05/bu from December while average soybean prices rose $0.40/bu. March front month futures, have remained fairly steady with a slight reduction for CBOT wheat and slight increased for CBOT soybeans from February rates- preserving strength from diminishing global stocks and increased export pressures. In the February oil crops outlook report, the USDA raised its forecasts of 20/2021 soybean export expectations by...

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Mar 11 8:27 AM, Plant Protein


Urner Barry Releases March Pulse Protein Report 

Purchases of North American yellow peas for Chinese pork feed formulations have contributed to yet another consecutive month of increased yellow pea prices. On February 16th, the USDA reported an average increase of $2.30/cwt to $12.30/cwt in whole yellow peas offering producers some of the...

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Mar 4 8:34 AM, Plant Protein


Urner Barry Releases February Emerging Plant Protein Report 

The latest rice outlook report released by the ERS raised total domestic production estimates by 1.5 million cwt to 227.6 million (23% above previous year rates). The bulk of this change was a result of a 59-pound per acre increase in the average rice yield to 7,619 pounds. Drilling down, Texas rice yields were revised up...

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Feb 18 8:22 AM, Plant Protein


Urner Barry Releases February Soy & Wheat Protein Report

In December 2020 farmers experienced yet another consecutive month of increased prices for their soybean and all-wheat crops. Average all wheat prices rose $0.19/bu from November while average soybean prices rose a similar $0.20/bu. February front month futures, on the other hand, took a marginal dip from...

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Feb 11 8:20 AM, Plant Protein


Urner Barry Releases January Emerging Plant Protein Report

Plant based startups are increasing their use of both sunflower seed proteins and oils in formulation of their meat analogue and plant-based snack creations. The protein content of a sunflower kernel ranges between 20% and 40%, complemented by an array of high-quality nutrients which...

 

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Jan 21 8:30 AM, Plant Protein


USDA Offers Additional Assistance for Certain Producers Through Coronavirus Food Assistance Program

U.S. Secretary of Agriculture Sonny Perdue announced the U.S. Department of Agriculture (USDA) will provide additional assistance through the Coronavirus Food Assistance Program (CFAP), expanding eligibility for some agricultural producers and commodities as well as updating payments to accurately compensate some producers who already applied for the program. Producers who are now eligible and those who need to modify existing applications due to these updates can contact USDA’s Farm Service Agency (FSA) between Jan. 19 and Feb. 26. Some of these changes are being made to align with the recently enacted Consolidated Appropriations Act of 2021 while others are discretionary changes being made in response to ongoing evaluation of CFAP.

“The COVID-19 pandemic has left a deep impact on the farm economy, and we are utilizing the tools and monies available to ease some of the financial burdens on American producers to ensure...

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Jan 19 8:24 AM, General News


Urner Barry Releases January Soy and Wheat Protein Report

Following initially dismal reports on wheat consumption, the USDA recently lifted global wheat consumption estimations by 5.1 million tons to 757.8 million tons based on higher demand for feed in China. Driven by a recovering pork market, China poses a strong demand side pull on...

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Jan 14 8:25 AM, Urner Barry


Urner Barry Releases January Pulse Protein Report

Demand for further processed pulse ingredients continues to steadily increase in parallel to improved protein innovation technologies with meat and dairy analogue products. Fava beans, a type of broad bean pulse crop, have garnered recent increased interest as the versatility and functionality of the protein as well as...

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Jan 7 10:19 AM, Urner Barry


USDA Provides More than $70 Million in 2021 to Protect Agriculture from Plant Pests and Diseases

The U.S. Department of Agriculture (USDA) is allocating more than $70 million to support 383 projects under the Plant Protection Act’s Section 7721 program to strengthen the nation’s infrastructure for pest detection and surveillance, identification, threat mitigation, to safeguard the nursery production system and to respond to plant pest emergencies. Universities, states, federal agencies, nongovernmental organizations, nonprofits, and Tribal organizations will carry out selected projects in 49 states, the District of Columbia, Guam, and Puerto Rico.

“State governments, academic institutions, and other essential cooperators across the country use these USDA funds to protect American crops and natural resources and...

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Jan 5 10:32 AM, General News


Urner Barry Releases First Emerging Plant Protein Report

Plant-based firms remain committed to finding alternative sources of protein and functional ingredient components. While soy, wheat, and pea proteins are the most utilized ingredients to date, numerous other innovative and unique options emerge to fulfill growing demand for sustainable, cheap, functional, and nutritious food items. Currently, consumers have increasingly expressed...

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Dec 17 8:18 AM, Plant Protein


Urner Barry Releases First Soy and Wheat Protein Report

Demand for Vital Wheat Gluten (VWG), a primarily functional ingredient used to strengthen bakery items, hamburger and hotdog buns, and as a key component in vegetarian seitan, has remained relatively stable. Primarily a byproduct of ethanol production in the generation of European energy, VWG has minimal effect on price and demand dynamics of raw wheat....

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Dec 11 8:30 AM, Urner Barry




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