Articles Tagged with ''corn''

Global corn and wheat supplies are going to get tighter this year as the invasion of Ukraine threatens to all but halt the country’s ability to plant and harvest corn and wheat in the coming months.

The Russian government is suspending the export of wheat, rye, barley and corn to ex-Soviet countries.

Russia’s invasion of Ukraine could raise grain prices as much as 20% while boosting fertilizer prices another 13% and further inflating food costs, the UN Food and Agriculture Organization warns.

Dozens of European environmental and other non-government organizations are trying to head off any re-evaluation of the Farm to Fork Strategy to address the impact of the war in Ukraine.

USDA increased its forecast for global wheat stocks despite the war in Ukraine but also cautioned that the Russian invasion had “significantly increased the uncertainty” of agricultural supplies and demand around the world.

The war in Ukraine is threatening to cut global grain supplies and worsen food insecurity, leading to proposals to ramp up agricultural production in the United States and Europe by planting crops this year on conservation acreage.

Global food prices hit an all-time high in February, led by sharp increases in vegetable oil and dairy prices as well higher costs for grains, according to the UN Food and Agriculture Organization.

The nearly week-long Russian invasion of Ukraine is threatening to restrict already tight global supplies of grain and fertilizer as Black Sea distribution hubs and supply lines shut down amid the chaos and violence that is only expected to worsen as Russian aggression intensifies and Western sanctions broaden.

Leaders of major crop groups say the farm bill commodity programs won’t adequately protect their margins at a time of skyrocketing input costs, but the organizations aren’t ready to propose specific changes.

Surging commodity prices have pushed crop insurance guarantees to record highs or near-record highs for farmers in the Midwest and Plains states this spring, which will help them protect their revenue against the soaring input costs.