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USA- Corn and soybean prices experienced a significant dip following the release of the latest World Agricultural Supply and Demand Estimates (WASDE) report by the US Department of Agriculture (USDA), revealing larger-than-expected supplies in the US. On the contrary, wheat prices remained relatively stable despite a notable reduction in world inventory expectations, as highlighted by CRM Agri. The report made…
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CHINA- China is forecasted to import a record volume of soybeans in 2022-23, although an increase in domestic production could dampen totals in the 2023-24 marketing year, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. According to the report, Soybean imports are estimated at 101 million tonnes due to relatively lower prices…
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MEXICO- Pork and beef production in Mexico is likely to grow in 2024 due to expected lower prices for cattle and swine feed, says a United States Department of Agriculture (USDA) Foreign Agricultural Service (FAS) report. The report predicts that domestic beef production will be nearly 1% higher from 2023 to a record 2.24 million metric tons (MMT). “Less drought…
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USA- A recent US Department of Agriculture Economic Research Service (ERS) report reveals that close to 55% of the total harvested cropland in the United States was grown with varieties having at least one genetically modified trait in 2020. Corn, soybeans, and cotton dominate the area planted with GM crops, which were adopted widely by US farmers in the 1990s.…
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ANGOLA- The U.S. Department of Agriculture Deputy Secretary Xochitl Torres Small plans to lead the first-ever U.S. agribusiness trade mission to Luanda, Angola on Nov. 28 – Dec. 1 this year. According to a recent press release, USDA Foreign Agricultural Service is now accepting applications from U.S. exporters who wish to participate in this trade mission and the deadline to…
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GLOBAL- The global wheat production for 2023/24 will decline by 4.3 million tons to 1,061.7 million as production reduces in the EU, China, and Canada, according to the World Agricultural Supply and Demand Estimates report by the United States Department of Agriculture (USDA). This projection is informed by an expected reduction in production, lower consumption, decreased trade, and lower stocks…
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USA- The U.S. Department of Agriculture’s Farm Service Agency (FSA) has quadrupled and begun issuing cost-share assistance payments through the Emergency Grain Storage Facility Assistance Program (EGSFP) for approved and funded applications that have met the requirements for partial or final payment. FSA first announced US$20 million for this program in March to help producers affected by eligible disaster events…
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USA- Scientists at the Children’s Nutrition Research Center of the US Department of Agriculture’s Agricultural Research Service (ARS) have developed healthier varieties of sorghum to meet the nutritional needs of mothers and children in sub-Saharan Africa. The new varieties are the result of 20 years of collaborations from scientists with the USDA-ARS, Arkansas Children’s Nutrition Center, North Carolina State University’s…
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KAZAKHSTAN- Favorable conditions for spring grain planting will likely see Kazakhstan harvest 14 million tonnes of wheat in the marketing year 2023-24, according to a Global Agricultural Information Network report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. According to the latest FAS Post report, the forecast for wheat is 1 million tonnes higher than FAS…
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ARGENTINA- The soybean outlook in the world’s largest producer, Argentina, is estimated at 21.25 million tonnes for the marketing year 2022-23, a further downward revision in the latest Global Agricultural Information Network report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. In April, FAS Post Buenos Aires was projecting the soybean harvest at 23.9 million tonnes,…
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