Wholesale Fertilizer Prices “Tumble,” Bloomberg
Bloomberg writers Kim Chipman and Elizabeth Elkin reported on Friday that, "Corn farmers stung by soaring fertilizer costs in the aftermath of Ukraine’s invasion are poised for further relief as…
The 2023 Outlook for U.S. Agriculture From USDA’s Chief Economist
Speaking on Thursday at USDA’s Agricultural Outlook Forum, USDA Chief Economist Seth Meyer provided a broad outlook for U.S. agriculture. Today’s update provides an overview of key aspects of Dr…
Kansas City Fed- Nonirrigated Farmland Values Up About 9%; Minneapolis Fed- Nonirrigated Cropland 18% Higher
Last week, the Federal Reserve Banks of Kansas City and Minneapolis released updates regarding farm income, farmland values and agricultural credit conditions. Today's update contains highlights from the Fed reports.
DTN: Nitrogen Fertilizer Prices Lower; Bloomberg: Relying on International Fertilizer Supplies, a Growing Concern
Logan Garcia, Market Reporter -- at Fertecon, S and P Global Commodity Insights, reported last week at DTN that, "January began a reset across the nitrogen complex with anhydrous ammonia,…
Farms and Land in Farms, Highlights From a Recent NASS Report
On Friday, the USDA's National Agricultural Statistics Service (NASS) released its annual Farms and Land in Farms report.
USDA Agricultural Projections to 2032- Focus on Corn, Soybeans
On Wednesday, the U.S. Department of Agriculture released its 10-year projections for the food and agricultural sector.
Food Prices Increased 0.5% in January, Up 10.1% From Year Ago- Egg Prices Climb 8.5% in January
Wall Street Journal writer Gwynn Guilford reported on the front page of today's Wall Street Journal that, "Still-elevated inflation cooled slightly at the start of 2023 to 6.4% in January…
DTN: Fertilizer Prices “Moved Lower Again” -But– “Remain Above Historical Averages,” WSJ Says
DTN writer Russ Quinn reported last week that, "Average retail fertilizer prices moved lower again the last week of January 2023, continuing a trend that has been present since just…
Chicago Fed: 2022 Farmland Values Saw Annual Increase of 12 Percent
On Thursday, in the Federal Reserve Bank of Chicago's quarterly AgLetter, David Oppedahl explained that, "In 2022, the District saw a strong annual increase of 12 percent in its farmland values."
2023 Farm Sector Income Forecast, February
The USDA’s Economic Research Service (ERS) indicated on Tuesday that, "Farm sector income is forecast to fall in 2023 following two years of strong growth."
For 10th Consecutive Month, World Food Prices Fall
Reuters writer Crispian Balmer reported today that, "World food prices fell in January for a 10th consecutive month, and are now down some 18% from a record high hit last…
AMIS: Fertilizer Prices Down More Than 40% Since Last Spring; “Significant Price Declines” Continue, DTN
In its February Market Monitor report, the Agricultural Market Information System (AMIS) indicated that, "Fertilizer prices have declined by more than 40 percent since hitting record (nominal) highs last spring, especially…
Jan. 1 Cattle Inventory Down 3%, Beef Cow Herd Lowest Since 1962; While China Owned North Dakota Corn Mill Draws Focus
Bloomberg writers Michael Hirtzer and Elizabeth Elkin reported yesterday that, "Steaks and hamburgers will likely be more expensive in the next few years with US cattle shrinking to its lowest…
FT: “World’s Food Supplies Still Under Threat,” “Multiple Risks Remain,” Notes Bloomberg News
Emiko Terazono reported on Saturday at The Financial Times Online that, "Fertiliser and crop prices have fallen sharply since their peaks after last year’s Russian attack on Ukraine."
DTN: Retail Fertilizer Price Trends, “Considerably Lower,” While Mexico Hopes to Reduce Corn Imports
DTN writer Russ Quinn reported yesterday that, "Most average retail fertilizer prices were lower the third week of January 2023, according to sellers surveyed by DTN."
Kansas City Fed: Gradual Increase in Farm Lending Persists
In an update last week from the Federal Reserve Bank of Kansas City, "Rebound in Farm Lending Continues," Cortney Cowley and Ty Kreitman indicated that, "Farm lending activity continued to increase…
WSJ: “Worst U.S. Avian Flu Outbreak” Persists, “There is No Historical Context for This”
Dan Frosch reported in today's Wall Street Journal that, "Nearly a year after it began, the worst avian-influenza outbreak in U.S. history is continuing to decimate poultry flocks across the…
ERS: “Wholesale Table-Egg Prices Peaked in December”
In its monthly Livestock, Dairy, and Poultry Outlook report yesterday, the USDA's Economic Research Service indicated that, "Table-egg production was estimated at 635.0 million dozen in November."
Federal Reserve: Observations on the Ag Economy- January 2023
On Wednesday, the Federal Reserve Board released its January 2023 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations…
Food Prices Increased 0.3% in December, Up 10% From a Year Ago- Eggs Climb 59.9% Annually
Financial Times writers Colby Smith and Kate Duguid reported yesterday that, "Annual US inflation fell in December to its lowest level in more than a year, in a further sign…