Ukraine

Despite a slight uptick last week, thanks to increased tensions between Russia and Ukraine, oil prices continue their overall their downward movement.  Patrick DeHaan with Gasbuddy.com said oil prices were trading in the low $69 per barrel range Monday, pushing fuel prices lower as well.  DeHaan ...

A slight adjustment down in U.S. wheat production is just one of several contributors to lower global wheat production forecast in October.   “Down 2.8 million tons to 794.1 million tons, but that’ll still be a record high production," noted USDA World Agricultural Outlook Board chair Mark Jekanowski.  So, what does that ...

According to Farm Policy News, dried-out soils in Russia and Ukraine are threatening wheat planting for harvest next year.  It’s yet another challenge for farmers hit by the ongoing war and weather events.  The two nations account for a quarter of the world’s wheat exports, but large chunks of land are too dry to plant crops.   There’s still ti...

Time for your PNW Ag Network Price at the Pump.  Monday may have been a holiday here in the U.S., but trading continued across the globe.  And in that trade, we saw oil prices continue to slip, with West Texas Crude trading Monday down slightly to $73 per barrel.  And it’s not just...

Despite lower U.S. wheat production forecasted this month, the world is still expected to grow a record wheat crop this new marketing year.   “We raised our production forecast by 2.1 million tons this month.  So now we're looking at 798.3 million tons ...

Over the weekend, the United Nations Secretary-General announced an extension of the Black Sea Grain Initiative.  The announcement came at the last minute as the agreement was set to expire.  The Initiative facilitates the safe navigation for the exports of grain and related foodstuffs and fertilizers, including ammonia, from designated Ukrainian seaports.  During ...

It’s been a downward week for oil prices, with prices dropping roughly $10 per barrel in the past seven days.  West Texas Crude was trading in the mid-$60 range in Monday’s action.  Patrick DeHaan with GasBuddy said last week, oil investors were concerned about the health of the U.S. economy.  He noted that conc...

Oil prices continue to soften, not on news from China, not because of the on-going war in Ukraine, but concerns over the U.S. economy.  Patrick DeHaan with GasBuddy said investors are concerned about everything from Wall Street to Main Street.   “...

On Thursday, Klamath Falls-area farmer Brent Cheyne was elected President of the National Association of Wheat Growers.  Cheyne farms with his son Rodney where they raise wheat, barley, oats, alfalfa and Angus cattle.  In 2011, Cheyne began his time with the Oregon Wheat Growers League as the president before accepting the position of NAWG Secretary in 2015.   "It is an ...

Global food costs moved lower again for the 11th consecutive month.  The Financial Post says while consumers are still spending more for food, prices are at their lowest level in the last 17 months.  The UN Food and Agricultural Organization’s Food Price Index dropped 0.6% in February,...