A survey by Farm Futures finds growers said they want to boost corn and cotton acreage, while cutting back on crops affected by China’s import tariffs on soybeans and sorghum. Farm Futures surveyed 626 farmers in December and January and reported soybean planting intentions of 84.6 million acres, down 5.5 percent from 2018, but more than the 82.5 million projected …
MFP Payments Being Issued
Commodity producers are now eligible to receive Market Facilitation Payments (MFP) on the second half of their 2018 production. Tyron Spearman has the details. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Second Round of Trade Aid Payments Underway
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 …
UF/IFAS-led Global Group Seeks Traits for Wheat with More Protein
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 Industry Seeks to Modernize Global Ag Commodity Trade
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 USDA Stocks Report Bearish
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 …
Egypt’s Wheat Production Illustrates Global Security Issues
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 …
U.S. Wheat Restructuring Efforts Close Moscow Office
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 …
China Grain Imports Plunge Amidst Tariffs
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 …
Canada Expecting High-Volume Crop Season
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 …