Agriculture

US Soybean Crush Hits Record High in May, Surpassing Expectations

The U.S. soybean crush reached a new record high in May, surpassing most trade estimates as processors ramped up operations after a slowdown in April. According to data from the National Oilseed Processors Association (NOPA), NOPA members crushed 183.625 million bushels of soybeans last month, up 8.4% from April and 3.2% above the previous May […]

Ukraine Shifts Grain Exports Away from Romania’s Constanta Port

Ukraine’s grain exports through Romania’s Constanta port have plummeted in the first five months of 2023, dropping 44% year-on-year to 3.5 million metric tons. This decline reflects Ukraine’s ability to increasingly route its agricultural shipments through its own Black Sea ports, particularly after creating a new shipping corridor last August. Constanta has served as a […]

Oil and Corn Groups Sue Biden Administration over Tailpipe Emissions Rules

The American Petroleum Institute (API) and the National Corn Growers Association have filed lawsuits against the Biden administration’s new regulations to slash planet-warming tailpipe emissions from cars, trucks, and other vehicles.The EPA finalized rules this spring to cut 1 billion tons of greenhouse gas emissions from heavy-duty vehicles by 2055, and announced separate regulations to […]

Rural Kansas Businesses Struggle as Farmers’ Woes Deepen

Farmers’ financial troubles are rippling through rural Kansas, with plummeting incomes and dwindling spending taking a heavy toll on Main Street businesses. As U.S. farm incomes are forecast to plunge 25% in 2024, the effects are particularly acute in the state’s wheat-producing regions. In the tiny town of Concordia, Kansas, Brady Peterson’s restaurant Pete’s sits […]

China Forecasts Another Bountiful Summer Grain Harvest

China is expecting to see another bumper summer grain harvest this year, a spokesperson from the National Bureau of Statistics (NBS) announced on Monday. The positive outlook comes despite recent heatwaves that have hit some regions in northern China, causing some impact on agricultural production. “China expects to see another bumper summer grain harvest this […]

EU Regulators to Rule on Bunge-Viterra $34 Billion Merger by July 18

The proposed $34 billion merger between U.S. grains merchant Bunge and Glencore-backed Viterra is set to be decided by European Union antitrust regulators by July 18, according to a European Commission filing. Bunge and Viterra, a major agricultural trading firm, announced the merger a year ago in an effort to rival global giants like Archer-Daniels-Midland […]

U.S. Farmers Hoard Corn as Prices Slump, Refusing to Sell to Buyers

U.S. farmers in the world’s largest corn-producing nation are stubbornly holding onto their corn supplies despite low prices, creating an economic standoff with grain buyers. South Dakota farmer Eric Kroupa received numerous calls from grain dealers and ethanol plants asking to buy the corn stored in his bins when prices neared 4-1/2-month peaks last month. […]

China Launches Anti-Dumping Probe Into European Pork in Tit-for-Tat Move

In a retaliatory move against the European Union’s recent decision to impose anti-subsidy duties on Chinese electric vehicle imports, China has opened an anti-dumping investigation into imported pork and its by-products from the EU. The investigation, announced by China’s commerce ministry on Monday, will focus on pork intended for human consumption, such as fresh, cold […]

Rapid Wheat Planting Progress in Argentina, Except in the North

Argentina’s wheat planting has shown a sharp increase in the last week, thanks to dry weather in much of the South American country, according to the Buenos Aires Grains Exchange (BdeC). Argentina is a key wheat exporter, and the grains exchange reported that the country’s 2024/25 wheat sowing has advanced 20.6 percentage points during the […]

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