round

Second Round of Trade Aid Payments Underway

Dan Corn, Cotton, Dairy, Economy, Pork, Wheat

The U.S. Department of Agriculture (USDA) is moving forward on the second and final round of trade mitigation payments to farmers hurt from retaliation by America’s trading partners. Commodity producers are now eligible to receive market facilitation payments (MFP) on the second half of their 2018 production. USDA has been sending out the first round of MFP payments to producers …

protein

UF/IFAS-led Global Group Seeks Traits for Wheat with More Protein

Dan Florida, Industry News Release, Research, Wheat

When consumers buy wheat products, such as bread or pasta, they expect to get protein with their purchase. But in a warming world with high atmospheric carbon dioxide levels, the genes required to keep wheat production high are the same ones that keep grain protein down, a University of Florida scientist says. By breeding wheat with specific traits, scientists can …

grain

Grain Industry Seeks to Modernize Global Ag Commodity Trade

Dan Corn, Industry News Release, Trade, Wheat

The world’s largest grain processors are jointly seeking to standardize and digitize global agriculture shipping transactions. Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus announced the collaboration this week in an effort to benefit the entire industry and seek broad-based industry participation to promote global access and adoption. Initially, the companies are focused on technologies to automate grain and oilseed …

september

September USDA Stocks Report Bearish

Dan Corn, Industry News Release, Soybeans, Wheat

The USDA reported larger than expected inventories of corn, soybeans, and wheat in its September 1st Stocks Report, which analysts call bearish for the markets. The corn supplies came in at 2.14 billion bushels, which is 138 million more than the last estimate of old-crop carryout. USDA says feed usage was likely smaller than expected, reducing the number of bushels …

global

Egypt’s Wheat Production Illustrates Global Security Issues

Dan Industry News Release, Research, Wheat

Scientists, including many at the University of Florida, are trying to figure out how to feed 10 billion people worldwide by 2050. As they do, some UF Institute of Food and Agricultural Sciences researchers are studying how arid nations can produce enough crops to feed themselves and to avoid civil protests or even war. Egypt, for instance, lacks sufficient water …

moscow

U.S. Wheat Restructuring Efforts Close Moscow Office

Dan Exports/Imports, Industry News Release, Trade, Wheat

As part of restructuring overseas offices, U.S. Wheat Associates will close its office in Moscow, Russia, at the end of this month. The organization says the reorganization reflects an effort to refocus resources toward markets with the best potential to grow U.S. wheat exports and returns for the farmers the organization represents. Based in part on the significant increase in …

grain

China Grain Imports Plunge Amidst Tariffs

Dan Corn, Exports/Imports, Industry News Release, Trade, Wheat

Imports of grain to China plunged in July after rounds of heavy tariffs between the U.S. and China were enacted. Data reviewed by Reuters shows China imported 220,000 metric tons of sorghum in July, down 62.5 percent from 588,300 metric tons a year ago. The imports were also below June’s 450,000 metric tons, when buyers scooped up U.S. shipments of …

crop

Canada Expecting High-Volume Crop Season

Dan Industry News Release, Wheat

Just as the United States is expected to harvest a bumper crop, according to the latest Department of Agriculture numbers, Canada is expecting a high-volume harvest as well. CNS Canada reports Canadian grain companies are bracing for a high-volume year. Grain companies say this year’s overall crop to be roughly equivalent to those of the past two years, when shipping …

usda corn

USDA Forecasts Record High Corn Yield and Soybean Production for 2018

Dan Corn, Soybeans, USDA-NASS, Wheat

U.S. farmers are expected to produce a record-high soybean crop this year, according to the Crop Production report issued by the USDA National Agricultural Statistics Service. Up 4 percent from 2017, soybean production is forecast at record high 4.59 billion bushels, while corn growers are expected to decrease their production slightly from last year, forecast at 14.6 billion bushels. Down …