ERS: U.S. Hard Red Winter Wheat Exports, “Lowest Since Records Started in 1973/74”
U.S. Hard Red Winter (HRW) exports are forecast down 10 million bushels this month to 155 million bushels, the lowest since records started in 1973/74."
Black Sea Grain Issues in Focus, While China Soy Imports Climb; U.S. Corn Harvest Starting Sooner Than Normal
Reuters writers Jonathan Saul and Carolyn Cohn reported today that, "Lloyd's of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a…
U.S. Agricultural Exports Forecast at $172.0 Billion in Fiscal Year 2024
Last week, the USDA released its Outlook for U.S. Agricultural Trade, a quarterly report from the Department’s Foreign Agricultural Service (FAS) and Economic Research Service (ERS). Today’s update includes highlights…
Black Sea Grain Deal Renewal Still on Hold After Turkish, Russian Talks
Financial Times writers John Paul Rathbone and Roman Olearchyk reported on Sunday that, "Russian forces launched a massive drone attack on Ukraine’s southern Odesa port region in the early hours…
Bloomberg: Brazil Top Corn Exporter in 2023, 2024
Bloomberg writers Michael Hirtzer and Dominic Carey reported today that, "For more than half a century, US farmers dominated the international market for corn, shipping more of the critical crop…
Second Ship Sails From Odesa Through Black Sea “Humanitarian Corridor,” While China Economic News in Focus
Reuters writer Dan Peleschuk reported yesterday that, "A vessel carrying steel products to Africa has left Ukraine's Odesa port through a temporary Black Sea corridor, the second ship to do…
Despite Russian Attacks on Danube, Romania Seeks to Double Alternative Shipping Capacity, as “Russia Squeezes Ukraine’s Ability to Export” Grain
Alistair MacDonald and Oksana Pyrozhok reported on Saturday at The Wall Street Journal Online that, "As Russia squeezes Ukraine’s ability to export its huge grain harvests, it is farmers like…
Russian Drones Again Target Port Infrastructure in Danube River Area, as China Soybean Demand in Focus
Reuters writer Pavel Polityuk reported today that, "Russia targeted Ukrainian ports in the southern Odesa region and the Danube River area in overnight drone attacks, setting at least one grain…
Kyiv Finalizing Deal With Insurers to Cover Black Sea Grain Ships, While Additional Heavy Rain Expected in China
Over the weekend, Bloomberg writers Aine Quinn and Olesia Safronova reported that, "The Kremlin’s efforts to paralyze Ukrainian food shipments are succeeding, with a third of the country’s crop exports…
U.S. Establishes USMCA Panel Regarding Mexico’s GMO Corn Import Restrictions, While Global Grain Production Forecast as Second Largest on Record
Reuters writer David Lawder reported yesterday that, "The United States on Thursday escalated its objections to Mexico's curbs on genetically modified corn imports, requesting a dispute settlement panel under the…
U.S. Wheat Exports “Projected at 52-Year Low,” While U.S., Mexico Corn Dispute Continues
In its monthly Wheat Outlook report earlier this week, the USDA's Economic Research Service (ERS) indicated that, "U.S. all-wheat exports are lowered 25 million bushels to 700 million bushels, the…
Grain Silos at Port of Reni on the Danube Damaged by Russian Drones, While “U.S. Presses New Routes for Grain Exports”
Reuters writer Pavel Polityuk reported today that, "Russian drone strikes damaged grain silos and warehouses at the Ukrainian river port of Reni on the Danube, a vital wartime route for…
China Expands Farmland in Food Security Push, as U.S. Corn, Soybean Conditions Improve
Earlier this week, Financial Times writer Sun Yu reported that, "In the western Chinese city of Chengdu, once popular hotpot restaurant Star Shining in the Clouds has closed its doors…
Russia Fires Warning Shots at Black Sea Merchant Ship, as “Ukraine’s Grain Harvest This Year is Exceeding Expectations”
Reuters writer Guy Faulconbridge reported yesterday that, "A Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea as it made its way northwards,…
FAS: “2022/23 China Soybean Imports Raised to Record High”
In its monthly Oilseeds: World Markets and Trade report on Friday, the USDA's Foreign Agricultural Service (FAS) indicated that, "This month, USDA raised 2022/23 (Oct-Sep) China soybean imports to a…
Ukraine Challenges Russian Black Sea Blockade with “Humanitarian Corridor,” While China Floods Hit Corn Crops
Jared Malsin and Anastasiia Malenko reported in today's Wall Street Journal that, "Ukraine said it was opening temporary routes for civilian ships to sail from its Black Sea ports in…
More Heavy Rains Expected in China’s “Grain Basket,” While Black Sea Viewed as “Increasingly Dangerous Cauldron” of Tension
Bloomberg writer Hallie Gu reported today that, "China’s northeastern grain basket is bracing for more rains and flooding brought on by Typhoon Khanun, as producers struggle to recover from the…
Wheat Climbs on Black Sea Tensions, While Heat Takes Toll on U.S. Cattle, and Low Mississippi River Water a Concern
Financial Times writer Gloria Li reported today that, "Wheat prices climbed on Monday after Ukraine’s drone strikes against a Russian naval vessel and oil tanker over the weekend raised concerns…
Threat of Violence in the Black Sea Expands
Financial Times writer Christopher Miller reported on Saturday that, "A Ukrainian naval drone has struck a Russian oil tanker in the Kerch Strait near Crimea, in the latest in a…
Ukrainian Drones Attack Russian Black Sea Grain Export Port of Novorossiysk, as U.S. Grain Export Inspections Fall in Second Quarter
Bloomberg writer Ben Sharples reported today that, "Wheat futures rose after the Novorossiysk port was closed to marine traffic by Russian authorities following a drone attack."