Like U.S., Russia’s Spring Wheat Crop Struggling

For wheat growers in the United States and Russia, there are more similarities than differences, beyond the fact that both counties grow winter and spring wheat. World Agricultural Outlook Board Chair, Mark Jekanowski, said as in the U.S., both of Russia’s wheat crops have been experiencing differing weather conditions. “Winter wheat production benefited from really […]

World Wheat Crop Continues To Increase

When it comes to wheat production worldwide, records continue to be broken. The latest USDA forecast calls for a 5.5 million ton increase in wheat production globally. World Agricultural Outlook Board Chair Mark Jekanowski, said while the U.S. participated in that increase with a projected .7% rise in production, most of the increase originates from […]

Weaker U.S. Dollar A Benefit To Some Commodities

Over the past year, the value of the U.S. dollar has weakened substantially, which according to CoBank has made several American Ag products more competitive globally. Tanner Ehmke manager of CoBank’s Knowledge Exchange Division pointed out, not all commodities are affected equally. For example while prices have increased as of recent, the wheat sector has […]

ITC Placing Duties on Phosphate Fertilizer Imports

The U.S. International Trade Commission says phosphate fertilizer imports from Morocco and Russia have affected the U.S. fertilizer market. The ITC also said it will place a countervailing duty on the imports from those countries. U.S. commodity groups have warned that new duties on imported phosphate fertilizers would raise prices by more than $80 a […]

World Wheat Production, Demand Expected To Increase

The most recent U.S. Wheat Associates “Winter 2021 Wheat Supply and Demand Outlook” indicates the 2020-2021 marketing year set several records. For example, the USDA expects global wheat production to reach 773 million metric tons on increased annual production from some of the world’s top exporters. Steve Mercer, Vice President of Communications for the U.S. […]

World Wheat Supply Continues To Increase

The global wheat supply continues to move higher. “We increase world wheat production [in December’s USDA global supply and demand estimates] again by about 1.3 million tons and that would put global production at a new record,” said World Agriculture Economic Outlook Board Chair, Mark Jekanowski. He added a variety of factors led to the […]

Wheeler Calls on DOJ to Investigate Environmental Organizations Funding

EPA Administrator Andrew Wheeler wants the Department of Justice to investigate funding for environmental groups. In a letter to the Justice Department, Wheeler cited concerns the groups were receiving secret funding from foreign countries, specifically China and Russia. The action follows a previous letter by Representative Lance Gooden, a Texas Republican. Gooden requested the investigation […]

Beijing Asks Frozen Food Importers to Shun Countries with Severe Coronavirus

Beijing has asked frozen food importers to not import products from counties with severe coronavirus. The Beijing Municipal Commerce Bureau said in a statement issued to import companies, “Customs and local governments have repeatedly detected the coronavirus in imported cold chain food, proving it risks contamination,” according to Reuters. The Bureau urged importers to “proactively […]

USDA: World Wheat Supplies Are High

Even though American wheat growers will likely see a 4 % year over year drop in the crop size, those growers are still likely to see a cut in average prices because they’re driven heavily by international supplies. USDA’s Outlook Board Chairman, Mark Jekanowski, said that the world wheat supplies are likely to be about […]

Despite COVID OPEC Oil Prices Not Expected To Move Much In Coming Weeks

The increasing number of coronavirus cases here in the U.S. and internationally continues to weigh on the minds of investors, despite the fact that gasoline demand remains high, as many Americans continue to drive and work. Patrick DeHaan with GasBuddy said oil prices continue to hold steady, marking five straight weeks in the in the […]