soybeans

According to AgResource President Dan Basse, Russia’s war in Ukraine has created the biggest grain supply dislocation since World War I. Basse told a Farm Foundation virtual forum this week the war in Ukraine, a huge corn and wheat producer, will cause the worst global grain shortage in over a century. “ ...

A ban on Russian oil imports to the U.S. recently announced recently by the White House in response to the situation in Ukraine.  Could this, perhaps, be an opportunity for the biofuels industry? “It needs to be," according to Ag Secretary Tom Vilsack, "I think there’s an opportunity for higher blends to be a part of the solution…E-15, E-20," all in an effort offset higher gas price

Wheat prices continue to climb as the Russian invasion of Ukraine is ongoing. A Rabobank analyst said the world’s biggest wheat buyers may need to reconsider whether they’ll continue buying grain from the Black Sea regions. “Russia and Ukraine have moved a lot of wheat into the market already, so things should be pretty good for this year,” says Stephen Nicholson of Rabobank. “However, the bigger

The overall index of prices received by farmers in January dropped, but not by much. Gary Crawford explains while prices decreased less than 1% from December 2021, January prices were up year-over-year by 24%. If you have a story idea for the PNW Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekmedia... Read More ...

According to the USDA, export sales of wheat and soybeans rose while corn sales declined during the week ending on February 3. Wheat sales that week totaled 84,800 metric tons, up 48% compared to the previous week. That number was still down 75% from the prior four-week average ...

The 2021 calendar year has the honor of being the best U.S. agricultural export year, with record sales valued at $177 billion; up 18% from 2020. One reason for the record setting year was how it ended. With November sales the highest of any month in history and follow that with December, which USDA Economist Bart Kenner noted had the highest December exports on record ...

The latest World Agriculture Supply and Demand report largely focused on global market conditions. The outlook for U.S. wheat this month is for stable supplies, lower domestic use, reduced exports, and higher ending stocks. The projected season-average farm price increased $0 ...

On the trade front, the USDA is out with the latest numbers for the first eleven months of calendar year 2021. "Agricultural exports through November of 2021 were $160.6 billion; a 20% increase from 2020," noted USDA economist, Bart Kenner, adding for the first eleven months of last year, wheat exports were running 16% ahead of the same time frame in 2020, and even more impressive: &quo

The USDA is out with the November Farm Price Index. And as Gary Crawford points out, the report shows increases for almost every major farm product, expect one. If you have a story idea for the PNW Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekmedia... Read More ...

As the American Ag industry looks ahead to 2022, the Wall Street Journal says farmers are facing more uncertainty. The Wall Street Journal says a banner year for grain prices has U.S. farmers increasing wheat, corn and soybeans acres compared to just a year ago ...