A report last week from the U.S. Department of Agriculture (USDA) shows that producers across the country were unable to plant some 6.4 million acres this spring. Mark Oppold has more details.
Ukrainian Grain Shipments Helping Global Supplies
An agreement to allow grain shipments from Ukraine is helping increase global supplies of wheat and corn. Veronica Nigh, American Farm Bureau Federation Senior Economist, says several shipments are leaving Ukraine now. “Certainly, with the establishment of the export corridor, we’re starting to see a lot more ships leaving Ukraine than before. A total of 33 cargo ships have left …
Ukraine Shipping More Grain
Ukraine is shipping more grain under a U.N.-Turkey brokered deal in a hopeful sign for global food shortages. But experts caution that it may not be enough. State Department Spokesman Ned Price calls the latest grain exports from Ukraine “unambiguously a good thing”. “Ships are once again sailing from Ukraine’s Black Sea ports. At the latest count, more than 20 …
Lower Week Ahead Expected for Grain Futures
Indications are for a lower week ahead for many grain futures. Mark Oppold explains why, along with a reminder about a big livestock auction taking place this week.
USDA Announces New Opportunities to Improve Nutrient Management
Now that both the U.S. Senate and House have passed the Inflation Reduction Act, it only awaits the signature of President Biden. And the U.S. Department of Agriculture (USDA) welcomed the passage of the Act, which they note will deliver $19.5 billion in new conservation funding to support climate-smart agriculture. Funding from the Act is designed to will bolster new steps …
Preparing for Next Crop Report
USDA puts a lot of work into assembling the monthly crop reports. Mark Oppold notes efforts are already underway to get the August numbers ready to go.
Traders Continue to Watch the Weather
While many factors are being watched when it comes to the grain trade, Mark Oppold reports right now one of those factors is of course the weather.
USDA to Resurvey Some Planted Acreage
The June 30 acreage report from USDA shows farmers planted slightly less acres than last year. However, American Farm Bureau Federation Senior Economist Veronica Nigh says USDA will resurvey some planted acreage, which could change the data. “USDA’s June 30 acreage report indicates that for the ’22-23 crop year, farmers planted 237.8 million acres of corn, soybeans, wheat and cotton,” …
Wheat Growers List 2023 Farm Bill Priorities
The National Association of Wheat Growers shared their priorities for the 2023 Farm Bill. As lawmakers continue putting the next farm bill together, wheat growers will be advocating for these priorities on Capitol Hill. The priorities include: Protecting crop insurance to ensure growers have a strong and reliable safety net assists wheat growers when it’s needed during disasters. They also …
Overreactions in the Grain Markets
Overreactions in the grain markets are something we do see from time to time. And as Mark Oppold reports, that’s what traders are seeing right now.