It has been rough few days for market bulls as the Chicago wheat market scored fresh lows and the corn market tested long-term uptrend support just a few cents above the March lows. The July soybean didn't fare much better as they have taken out the long-term moving averages.
Read MoreFarmers in six states would be hurt hardest if Mexico follows through with its proposed ban on genetically modified corn.
Ohio State University professor Ian Sheldon says Illinois, Iowa, Missouri, Nebraska, Kansas, and Louisiana are the top exporters to Mexico.
Read MoreIf the United States takes its complaint against Mexico’s ban on imports of GMO white corn to a USMCA panel, it could take 155 days — until late December or even January — for a final resolution, although a U.S. victory is likely, said three Ohio State University analysts. Mexico would then have the option of keeping the ban in place and accepting U.S. sanctions because of it, they wrote at the farmdoc daily blog.
Read MoreFor those who have slept since then, back in September USDA was estimating Argentina’s 22-23 corn crop at a record 55.0 million metric tonnes, up 2 MMT from the prior year. Soybean production was pegged at 7 MMT greater, at 51.0 million.
Now all that has changed.
Read MoreAmerican agriculture silently is watching the greatest disappearing act in world history. China, the biggest food importer on the planet, is entering the real-time throes of a potentially devastating population crash and the effect could be immense for U.S. farmers.
Read MoreSince Prime Minister Ariel Henry’s September announcement that he was ending subsidies for fuel, violent protests and an uptick in gang violence has ravaged the country. This is an escalation of the violence, kidnappings, and theft of food, fuel, and other goods that have been a part of everyday life here since last year’s assassination of Haitian President Moise. U.S. rice exports have been, taken by gangs directly off ships, off trucks after discharging at port, and even taken from humanitarian warehouses.
Read MoreThe United States will export a record $191 billion worth of agricultural products this fiscal year as the world scrambles to replace the corn, wheat, and vegetable oil it would normally get from Russia and Ukraine, said the Agriculture Department on Thursday. It would be the second year in a row of record-high farm exports.
Read MoreUnited States Secretary of Agriculture Tom Vilsack and Mexico Secretary of Agriculture and Rural Development Victor Villalobos met this week to continue cooperation on shared priorities including open trade, science-based policy making, and sustainable and climate-smart agricultural production.
Read MoreLocated in Port Allen, Louisiana, the Port of Greater Baton Rouge is among the Top 10 largest ports in the United States in terms of tonnage shipped. (It ranked seventh in 2020.) It is the northernmost port on the Mississippi River capable of handling Panamax ships.
Read MoreYaroslav Trofimov reported on the front page of Monday’s Wall Street Journal that, “Russian and Ukrainian officials prepared to meet for the first talks since Moscow began its invasion four days ago, as Ukraine’s defenders held on to the capital, Kyiv, and pushed back Russian troops in urban combat in its second-largest city, Kharkiv.
“In a sign of growing tensions with the West over Ukraine, Russian President Vladimir Putin ordered the country’s nuclear-deterrence forces to be put on alert.
Read MoreA ship chartered by Cargill Inc. was hit while sailing in Ukrainian waters in the Black Sea and is currently sailing south to Romanian waters to receive assistance, the U.S. agricultural trading giant said.
“The vessel and all crew are safe and accounted for,” Cargill said Thursday in a statement. The vessel was empty when the incident occurred, the company said.
Read MoreClogged U.S. ports are being given access to nearly $450 million in federal money from President Joe Biden's infrastructure law as part of the administration's recent stepped-up efforts aiming to ease supply chain congestion and lower prices for American consumers.
Transportation Secretary Pete Buttigieg on Wednesday announced the availability of a first batch of competitive grants for ports that will be double last year's amount annually for five years. The grants are aimed specifically at reducing bottlenecks that have slowed the flow of goods to store shelves and pushed up costs.
Read MoreLogs dominate Indian imports, but the share of log imports has come down from 83 percent in 2007 to 48 percent in 2018. A favorable tariff structure has supported log imports, but the poor/inadequate level of processing by domestic sawmills has prompted the Indian trade to import higher volumes of lumber versus logs in recent years.
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