Agriculture

China’s Soybean Imports Shift as U.S. Surges, Brazil Declines

China’s soybean imports saw a significant shift in May, with a substantial increase in supplies from the United States contrasting with a drop in arrivals from Brazil, the dominant supplier. According to data from China’s General Administration of Customs, the world’s biggest soybean buyer imported 1.27 million metric tons of the oilseed from the U.S. […]

India Forecasts Below-Normal Monsoon Rains for June

The India Meteorological Department (IMD) has announced that India is likely to receive below-normal rainfall during the crucial month of June, raising concerns for the country’s agricultural sector. The monsoon rains, which are critical to the economic growth of Asia’s third-largest economy, typically begin in the south around June 1 and spread nationwide by July […]

German Wheat and Rapeseed Crops Forecast to Decline in 2024

Germany’s 2024 wheat crop is expected to fall 5.5% from the previous year to 20.34 million metric tons, according to the latest harvest estimate from the country’s association of farm cooperatives. The association also forecasts a 8.0% decline in Germany’s 2024 winter rapeseed crop, which is projected to reach 3.89 million metric tons. The reductions […]

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 […]

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