Articles Tagged with ''corn''

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.

The USDA announced Monday that China purchased more than 1 million metric tons of U.S. corn, adding to the buying spree from tight U.S. stocks as the Russian invasion continues to hobble Ukrainian exports.

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

Kees Huizinga has been farming near Kyiv, Ukraine, for 20 years and he’s determined to continue this year even as Russian bombs fall nearby, diesel fuel and other inputs are increasingly sparse and he sees little hope of being able to sell his crops.

The USDA reported Monday sales of more than 1 million metric tons of U.S. corn to Chinese buyers. The sale comes on the heels of a USDA report showing a smaller-than-expected U.S. corn crop this year as well as amid the war in Ukraine that has all but cut off Ukrainian exports.

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.

Lawmakers are starting hearings on the next farm bill at a time when the historically high commodity prices mean the public may see little need to beef up programs despite input prices that are also soaring.

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.