Articles Tagged with ''soybeans''

Farmers in the Corn Belt are behind on planting spring crops this year, with cool and wet weather keeping them out of their fields. Many are now racing to get their corn and soybean acres planted before they reach the cutoff dates for federal crop insurance programs.

The Agriculture Department estimates U.S. winter wheat production will drop 8% this year due to a drought gripping the Plains and that planting delays are likely to cut the corn harvest.

Senators are trying to find an agreement on a new Ukraine supplemental spending bill by the end of this week, while Agriculture Secretary Tom Vilsack and other cabinet members head to Capitol Hill for questioning about their spending plans.

The U.S. exported about $49.2 billion worth of ag commodities in the first quarter of 2022, a record for shipments in the first three months of a year and setting the pace for what could be an annual record, according to new data from USDA’s Foreign Agricultural Service.

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.

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.

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.

The USDA is planning on four more in-person trade missions around the globe this year, including to the UK and Kenya, nations that the Trump administration opened up negotiations with for free trade agreements.

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.