Sosland Publishing notes that the pandemic boosted pasta and therefore durum wheat consumption. Exports by Italy jumped 30 percent and Strategie Grains notes that EU consumption rose 6 percent as home consumption and stockpiling of pasta increased. U.S. durum use increased last year relative to the year before though import data appears to show recent declines.
Durum wheat is most important in the Mediterranean basin, and production in the U.S. Northern Plains and Europe have trended downward more recently as it has increased in significance in Canada. Part of the problem is that durum yields are more volatile than other wheat classes. Durum fetches a premium over other wheat classes but tends to be contract grown in the U.S. and s...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
