Russia

When Russia invaded Ukraine on February 24th of this year, ag trade was sent into a tizzy, thanks to not only the anxiety by volatility as well.  USDA chief economist Seth Meyer said the resulting high commodity prices played a part in helping raise U.S. farm i...

West Texas Crude traded around $71 per barrel in last week’s trade, the lowest level we’ve seen in roughly a year.  Patrick DeHaan with GasBuddy said the economic uncertainty that has pushed oil prices lower for the past two-plus months continues to weigh on the minds of investors.  He said while there’...

As we wrap up 2022, many commodity prices are holding strong, despite bouts of volatility.  Dave Widmar, ag economist with Agricultural Economic Insights, said he expects the farm economy’s strength to continue into the New Year.   "In ge...

Fertilizer consumption suffered in 2022 due to market volatility and record-high prices.  However, a new Rabobank report says a recovery in consumption is possible in some regions next year, with fertilizer prices lowering and commodity prices at historically high levels.   “...

Thanks to international issues and pressures, oil prices have been fairly volatile over the past couple of weeks.  Patrick DeHaan with GasBuddy said the price for a barrel of West Texas Crude fell last week, thanks to China’s zero COVID policy, which locked down the 2nd largest economy in the world.   Howeve...

Cargill’s CEO said he expects food prices to decline in 2023.  Yahoo said that’s despite tight global crop stockpiles, especially in oilseeds.  David MacLennan, Cargill CEO, said the solution to the food versus fuel debate is to boost global crop commodity production.   “We don’t think i...

"Oil prices this morning have plummeted down to about $75 a barrel the lowest level since Russia's invasion of Ukraine back in February that has pushed gasoline and diesel prices down," said Patrick DeHaan with GasBuddy.  He added fuel prices have tumbled considerably over the past couple of weeks, resulting in relief at the local station.  He said ther...

The Black Sea Grain Export Deal, due to expire Saturday, was extended for another 120 days, but Reuters said Moscow wants its own demands in the deal to get more fully addressed.  The agreement protects a sea transit corridor and was intended to help alleviate a global food shortage.  Ukraine...

Despite COVID, supply chain issues, and the war in Ukraine, the United States in fiscal year 2022 still managed to set a new record for exports of agricultural products at $196.4 billion.  There were several factors pushing that figure higher over the past year.  Head of...

Input costs may have come down a bit, but they’re still putting the squeeze on many producers across the PNW.  The question is when will prices return to “normal”?   Corey Rosenbusch, president and CEO of the D.C-based Fertilizer Institute, ca...