corn

American shoppers struggling with inflation are looking at higher beef prices continuing in their local meat cases.  Because of high feed prices and severe drought, ranchers were forced to reduce their cattle herds.  Grain prices have dropped to their lowest levels since Russia invaded Ukraine, but Reuters says that might not mean lower food prices right away at the grocery store.  Corn fu... Read

There are a lot of things you can say about high commodity prices.  They make export values look really good, but sometimes those high prices can reduce the actual amount of product that overseas buyers are willing, or able to buy from American producers.  Th...

The USDA's current Ag export forecast for the current fiscal year, which comes to an end September 30th, calls for a record $191 billion of ag sales overseas. "Would be, if realized, an 11% over 202." So, are American producers going to hit that $191 billion mark...

Global food prices fell by the biggest amount since 2008 due to easing concerns over the supplies of grains and vegetable oils as Ukraine restarted its exports.  The United Nations world food cost index dropped almost 9% in July.  According to Bloomberg, the index is at its lowest level since January before Russia’s attack on Ukraine helped push the cost of food close to record levels.  It’s the f

The U.S. Grains Council held its 62nd annual Board of Delegates Meeting in California during the final week of July.  During the three-day event, Minnesota grain farmer Chad Willis wrapped up his term as Chairman. “Just being able to lead the organization, I guess. The deleg...

Late last week, USDA released its latest Ag Prices Report, and to no one’s surprise, there were two key topics of discussion.  The rising commodity prices received by farmers in June, and the rising cost of inputs.  Gary Crawford breaks down the details.   If you...

The delegates of the U.S. Grains Council elected Josh Miller as Chairman of its Board of Directors during the Board of Delegates Meeting in California. “It’s important to me to learn as much as I possibly can,” Miller said during incoming remarks. Miller is a f...

The United States is looking for proof Russia is upholding its end of a Turkish-brokered deal to free up Ukrainian grain exports.  The agreement, if kept, could partially end a months-long Russian blockade of ports that remain under Ukraine’s control, especially the port of Odessa. “To da...

Earlier this week, the U.S. International Trade Commission ruled against imposing tariffs on nitrogen fertilizers imported from Russia and Trinidad and Tobago. The decision comes after CF Industries filed a petition with ITC in late 2021, requesting that the commission place tariffs on urea ammonium nitrate used in liquid fertilizers.  Sh...

The top economist for the American Farm Bureau predicts fuel and fertilizer prices will stay high the next couple of years as commodity prices further squeeze farm margins.  Roger Cryan said input inflation spurring higher interest rates will make farming more expensive, and may stick around into 2024. “...