A Look at Agriculture in Drought
Dow Jones writer Kirk Maltais reported yesterday that, "The weather forecast for the U.S. Corn Belt continues to be the main focus of grain traders in the latter half of…
Global Wheat Production Forecast at a Record
In its monthly Wheat Outlook report this week, the USDA's Economic Research Service indicated that, "Global wheat production is forecast at a record 800.2 million metric tons (MMT), up 10.4…
Dryness Concerns Impact Corn Price, as China is “Actively Seeking to Add New Suppliers of Corn”
Reuters writer Julie Ingwersen reported yesterday that, "U.S. corn futures rose to a nearly two-month high on Monday as traders fretted about disappointing weekend rains and dry conditions stressing crops…
FAS World Agricultural Production Report, Focus on Wheat and Soybeans
On Friday, the the USDA's Foreign Agricultural Service (FAS) released its monthly World Agricultural Production report. Today's update includes highlights from the report, with a particular focus on wheat and…
Ukraine Dam Destroyed, Wheat Jumps; “Ukrainian Forces Step up Attacks”-US Corn Condition Deteriorates
Wall Street Journal writers Matthew Luxmoore and Bojan Pancevski reported today that, "A major dam and power station in a Russian-occupied part of Ukraine were destroyed Tuesday, casting uncertainty over…
USDA- Economic Research Service Report Highlights U.S. Soybean Production
Last week, the USDA's Economic Research Service (ERS) released a report titled, "Characteristics and Trends of U.S. Soybean Production Practices, Costs, and Returns Since 2002." Today's update includes highlights from…
DTN: “Fertilizer Prices Mostly Higher for First Time Since November”
DTN writer Russ Quinn reported last week that, "According to retail fertilizer prices tracked by DTN for the fourth week of May 2023, fertilizers are mostly higher."
FAO Food Price Index at Two-Year Low
Bloomberg writers Agnieszka de Sousa and Aine Quinn reported on Friday that, "Global food costs fell to the lowest level in two years in May, reviving hopes that sticky inflation…
Federal Reserve: Observations on the Ag Economy- May 2023
On Wednesday, the Federal Reserve Board released its May 2023 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations…
U.S. Winter Wheat Condition Improves, While “Ukraine’s Farmers Face Deadly Planting Season”
Reuters writers Julie Ingwersen and Tom Polansek reported yesterday that, "The condition of the drought-hit U.S. winter wheat crop has improved more than analysts expected, while the nation's corn is…
Kansas City Fed: Ag Credit Conditions Strong, “Alongside Some Moderation in the Farm Economy”
In an update last week from the Federal Reserve Bank of Kansas City ("Credit Conditions and Farmland Values on Solid Footing as Farm Economy Moderates"), Nate Kauffman and Ty Kreitman…
Supreme Court Limits EPA’s Authority Over Wetlands
Jan Wolfe and Jess Bravin reported on the front page of today's Wall Street Journal that, "The Supreme Court limited the Environmental Protection Agency’s authority over wetlands in a decision…
In Iowa, Record High Cash Rents, Up 9% in 2023
DTN Farm Business Editor Katie Dehlinger reported yesterday that, "The average cash rental rate for Iowa farmland climbed 9% in 2023 to $279 per acre, according to an annual survey…
China Shifting From Corn to Wheat in Animal Feed, as U.S. Drought Takes Toll on Hay Market
Reuters writers Dominique Patton and Naveen Thukral reported today that, "A surplus of cheap wheat in China is replacing significant volumes of corn in its huge animal feed market, say…
Wheat Variables in Focus- U.S. Winter Wheat Condition Improves Slightly
Reuters writer Julie Ingwersen reported yesterday that, "The U.S. Department of Agriculture's weekly crop progress report rated 31% of the U.S. winter wheat crop in good to excellent condition, up…
Drought Plagues Kansas Winter Wheat Farmers, but “Global Wheat Market Seems to be Well-Supplied”
Reuters writer Tom Polansek reported on Monday that, "Farmers in Kansas, the biggest U.S. producer of wheat used to make bread, are abandoning their crops after a severe drought and…
Fertilizer Prices Mixed- Urea Climbs, Anhydrous Lower
DTN writer Russ Quinn reported last week that, "Retail fertilizer prices moved in opposite directions the second week of May 2023, according to sellers surveyed by DTN."
Global Grains Production “Forecast to Hit an All Time High,” as Drought “Is Shrinking” U.S. Winter Wheat Crop
Dow Jones writer Yusuf Khan reported yesterday that, "Global production of wheat, corn, barley and other grains is forecast to hit an all time high in the forthcoming season, as…
Global Soybean Production Forecast at Record Level, on Record Crops in Brazil, U.S.
In its monthly Oil Crops Outlook report yesterday, the USDA's Economic Research Service (ERS) indicated that, "U.S. soybean production for the 2023/24 marketing year (MY) is projected to climb by…
Record U.S. Corn, Soybean Production Expected, as U.S. Wheat “Stockpiles to Fall to 16-Year Low”
Bloomberg writers Michael Hirtzer and Tarso Veloso Ribeiro reported on Friday that, "America’s wheat fields have become so plagued by drought that farmers are now poised to abandon crops at…