We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Privacy Terms and Cookie Policy
Balanced Reporting. Trusted Insights.
Monday, December 04, 2023
The USDA’s Economic Research Service on Thursday lowered its forecast for U.S. agricultural exports in fiscal year 2024 to $169.5 billion. That’s down $2.5 billion from USDA’s previous forecast in August and down $9.2 billion from exports in FY 2023.
Ukrainian farmers are producing more wheat and corn than expected in a war-torn country where seeds and inputs are difficult to come by and swaths of farmland are in occupied territory, but exports are on the decline again as Russia steps up its attacks on Ukraine’s beleaguered port facilities, according to a new analysis by USDA’s Foreign Agricultural Service.
Volatile commodity markets are allowing international agricultural trading companies to rake in big profits in shadowy financial markets even as food insecurity increases in some of the most vulnerable regions of the globe, says a new analysis from the United Nations Conference on Trade and Development that calls for regulations to rein in the excesses.
Legislation is being introduced in the House and Senate to create a task force composed of officials with USDA and the U.S. Trade Representative's Office to identify agricultural trade barriers such as India’s farm subsidies that should be challenged at the World Trade Organization.
In line with their goals to help farmers adopt regenerative agriculture, Truterra has made four new data-driven regional and crop-specific programs available.
Prices for global food commodities rebounded in July, driven in part by a sharp rise in the cost of sunflower oil as Russia terminated the Black Sea Grain Initiative, creating new uncertainty about Ukraine’s ag exports, the UN Food and Agriculture Organization reported Friday.
Russian attacks inflicted severe damage on key grain-exporting ports in Odesa this week, and Moscow is threatening ships in the Black Sea, a primary route for Ukrainian grain exports.
United Nations Secretary General Antonio Guterres confirmed Monday that Russia has pulled out of the Black Sea Grain Initiative, ending the ability of Ukraine to ship grain through its Odesa ports.
A new Agriculture Department report projects the nation’s corn producers will still be able to top 15 billion bushels of nationwide production even as stretches of the heartland face dry weather that will lower yields.
Moscow seems intent on letting the Black Sea Grain Initiative expire this coming Monday, but the United Nations is equally resolved to preserve the deal and prevent food prices from rising in some of the poorest nations.
