Articles Tagged with ''corn''

The war rages on, but Ukraine is already looking ahead to the task of rebuilding the country, and a new estimate from the Kyiv School of Economics indicates the agriculture sector has already suffered $27.6 billion in damages.

The U.S Meat Export Federation says booming United States beef and pork exports in 2021 increased the value of corn and soybeans.

Ukraine’s farmers are preparing to begin this year’s problematic summer harvest on the 75% of fields not under Russian occupation, but producers, analysts and political leaders are preoccupied with the broader question of where the grain will be stored as efforts falter to reopen exports through Black Sea ports.

A measure of global food commodity prices fell slightly for the second month in a row in May, despite the continued surge in wheat markets as the war in Ukraine dragged on.

The Philippines, citing the impact of the Russian invasion of Ukraine on world grain supplies and prices, has reduced its tariff on corn imports from 35% down to 5% and that has opened new opportunities for U.S. corn farmers.

Farmers in the Corn Belt are behind on planting spring crops this year, with cool and wet weather keeping them out of their fields. Many are now racing to get their corn and soybean acres planted before they reach the cutoff dates for federal crop insurance programs.

Russia is doing whatever it can to stop Ukraine from supplying some of the poorest nations with its wheat, corn and sunflower seed oil, effectively using “hunger as a weapon of war,” U.S. Agriculture Secretary Tom Vilsack said during his participation at the G7 summit this weekend in Germany.

The Agriculture Department estimates U.S. winter wheat production will drop 8% this year due to a drought gripping the Plains and that planting delays are likely to cut the corn harvest.

Ukrainian farmers will begin harvesting millions of acres of winter wheat in July, but if Ukraine is unable to export it, the country’s economy will likely collapse and the hundreds of millions of people that depend on receiving that grain will suffer even worse than they are now, United Nations World Food Program Executive Director David Beasley said Wednesday.

Ukrainian farmers are short on diesel, fertilizer and manpower. They’ve been bombed, occupied, had their fields mined and silos and tractors destroyed by the Russian military. They've even had their grain robbed and sold overseas while they themselves are struggling to export because of a Russian blockade at ports, sources tell Agri-Pulse.