Ukraine

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...

On Thursday, a resumption of grain shipments from Ukrainian Black Sea ports, after Russia rejoined an international agreement allowing safe passage of Ukraine cargo ships.  That announcement came after days of uncertainty after Vladimir Puttin’s government temporarily withdrew from the original agreement.  USDA chief ec...

The CEO of CattleFax is confident the beef industry will see better market conditions down the road.  Randy Blach said the market has faced many headwinds over the last three or four years.   “If you step back and you think about what we were sharing last fall and early this year, the markets have largely performed very well with what we anticipated, but obviously we had a Russian invasion into Uk

Russia resumed its blockade of grain shipments exiting Ukraine on Sunday after announcing the country is pulling out of the grain deal brokered, in part, by the United Nations.  The Hagstrom Report said the amount of grain available for global markets and possible price increases are concerns getting raised around the world.   ...

Agriculture Secretary Tom Vilsack recently said it will take more than a single program to stem the tide of U.S. farm bankruptcies.  And he said his latest $3 billion bid to prevent Chapter 12’s, is just one-part of a bigger strategy.  Thousands of ...

New research from ERS shows global food insecurity increased by nearly 10% in fiscal year 2022.  USDA’s International Food Security Assessment model estimates how food prices and incomes affect food demand and access in 77 low- and middle-income countries.  Food security...