Articles Tagged with ''wheat''

President Joe Biden's $33 billion supplemental funding request for the war in Ukraine includes $500 million to encourage U.S. farmers to increase production of crops such as soybeans and wheat.

The Biden administration will spend $282 million on domestic commodities such as wheat as part of a food aid package for Yemen and five African nations experiencing severe drought and food insecurity, USDA and the U.S. Agency for International Development said Wednesday.

Soaring prices for grains and other food commodities are starting to slow down global economic growth, fueling fresh calls for aid to poor countries and warnings about the impact that new trade restrictions could have on the crisis.

India’s subsidized wheat and rice stockpiling has made the country’s government a foe of U.S. wheat and rice farmers, but now the country’s prime minister is trying to use the farming crisis in Ukraine to justify its efforts to prop up domestic farmers by saying it could come to the rescue of grain-deprived countries.

Ukrainian farmers are struggling to export their corn, wheat and sunflower oil on railcars, trucks and river transportation along the western border, but not much is making it out through Poland, Romania, Slovakia and Hungary, according to a new report released Wednesday out of the Ukrainian Ministry of Agrarian Policy and Food.

Cuba has struggled for decades to feed its people, but because of U.S. sanctions and the impacts of the COVID pandemic, the country is becoming more desperate to buy U.S. grain and meat.

Commodity markets traded higher following a bullish report from the Department of Agriculture that led to increases across the board.

U.S. farmers facing soaring prices for fertilizer and other inputs plan to reduce corn plantings by 3.9 million acres this year and seed a record 91 million acres of soybeans, according to USDA’s annual planting intentions survey.

The years-long drive by the European Union to promote agricultural conservation and sustainability at the cost of production has been thrown off the rails as the Russian invasion of Ukraine threatens food security in countries that need access to affordable grains.