Global Food Prices Jump, Again
Bloomberg writer Megan Durisin reported last week that, "Global food costs jumped last month, extending a march toward a record and piling more inflationary pressure on consumers and governments."
Fertilizer Prices: Another Week, Another Record- but Corn-Soybean Ratio Still Seen as Relatively Strong
Late last week, Bloomberg writer Elizabeth Elkin reported that, "A gauge of North American fertilizer prices touched a new record high, driving up costs for farmers who are already experiencing…
USDA Sees More Soybean Acres, Less Corn in 2022/23 Crop Year
Reuters writer Julie Ingwersen reported last week that, "U.S. farmers are likely to reduce plantings of corn while expanding seedings of soybeans and wheat for the upcoming marketing year, the…
“Fertilizer Price Spike Continues,” as Demand Remains Strong, and Corn Still Seen as Profitable
DTN writer Katie Micik Dehlinger reported on Wednesday that, "The retail fertilizer price spike continues, with seven of the eight major fertilizers tracked by DTN posting significant gains and one…
Supply-Chain Issues Persist at Supermarkets as Meat Prices Rise- Turkey Availability a Concern
Wall Street Journal writer Jaewon Kang reported earlier this week that, "Supermarket chains are revamping their operations to navigate persistent product shortages, expanding storage space and curbing discounts to make…
Wheat Prices Climb, as Elevated Fertilizer Prices Persist
In its October Wheat Outlook report, the USDA's Economic Research Service (ERS) pointed out that, "USDA’s National Agricultural Statistics Service (NASS) published its Grain Stocks report on September 30, which indicated…
No Signs of Relenting- Implications From Elevated Input Costs Continue to Unfold for Producers
Earlier this week, Wall Street Journal writer Jinjoo Lee reported that, "High natural-gas prices today mean your electricity and heating bills will likely be expensive this winter. Next year, it…
ADM, Gevo Sign MoU to Produce Sustainable Aviation Fuel, About Half of ADM’s Ethanol Production Could Go To Jet Fuel
A news release on Monday from ADM indicated that, "ADM, a global leader in nutrition and agricultural origination and processing, and Gevo, Inc., a pioneer in transforming renewable energy into…
Kansas City Fed: U.S. Agricultural Economy Generally Strong, as Demand for Livestock Loans Grew in Third Quarter
In an update from the Federal Reserve Bank of Kansas City earlier this month ("Larger Livestock Loans Boost Farm Lending"), Nathan Kauffman and Ty Kreitman stated that, "Demand for livestock loans…
Ballooning Fertilizer Prices and Production Cost Considerations Gain Scrutiny
Bloomberg writers Kim Chipman and Elizabeth Elkin reported late last week that, "Skyrocketing fertilizer prices could lead U.S. corn profits to drop by about a quarter next year, potentially motivating…
Federal Reserve: Observations on the Ag Economy- October 2021
On Wednesday, the Federal Reserve Board released its October 2021 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining…
From Retail Grocer to Commodity Production Inputs, Supply-Chain Knots Persist
Bloomberg writers Brendan Case, Leslie Patton, and Kim Chipman reported this week that, "In Denver, public-school children are facing shortages of milk. In Chicago, a local market is running short…
Fertilizer Exports from China Face Curbs, as Crop Acreage Levels Garners Attention
Bloomberg News reported this week that, "Chinese authorities are imposing new hurdles for fertilizer exporters amid growing concerns over surging power prices and food production, a move that could worsen…
The Reach of Higher Fertilizer Prices Continues to Extend, Implications for Illinois Grain Farmers
On Thursday, Bloomberg writers Tatiana Freitas and Fabiana Batista reported that, "Brazilian farmer Antonio Carlos Jacobsen usually buys fertilizer a few weeks before planting his corn fields. Soaring fertilizer prices…
A Profitable Harvest, But Farmers Leery of Rising Production Costs and Parts Shortage
Des Moines Register writer Donnelle Eller reported this week that, "After last year's destructive derecho, which flattened corn and stripped soybean across the state, better-than-expected yields and strong prices are…
Higher Crop Income Boosts U.S. Farm Outlook, as Energy Crunch Poses Ongoing Concerns
Bloomberg writers Michael Hirtzer and Kim Chipman reported this week that, "It turns out that 2021 was a pretty good year to be an American farmer."
Fertilizer Fever: Soaring Costs Could Impact Farmers and Food Prices
Bloomberg writer Elizabeth Elkin reported on Friday that, "A gauge of North American fertilizer prices soared to a record high, driving up costs for farmers and threatening to worsen food…
Global Food Prices Highest Since 2011, as Energy Costs Rise and Supply Chain Challenges Persist
Bloomberg writer Megan Durisin reported on Thursday that, "The jump in global food prices to a decade high risks leading to even more expensive grocery bills, and the energy crisis…
Promising Vaccine Candidate for African Swine Fever
Bloomberg's Mike Dorning reported last week that, "The U.S. Department of Agriculture has potentially found a vaccine to combat African Swine Fever, a disease that devastated hog herds in China…
Higher Fertilizer Prices Could Impact U.S. Acreage Allocation, as Power Issues in China Impact Feed Costs
Bloomberg writer Kim Chipman reported this week that, "Corn and wheat rebounded in Chicago as ripple effects from soaring fertilizer prices threatens to squeeze already tight grain supplies."