Milling Wheat World wheat prices continue to rally after USDA surprised the market with smaller-than-expected U.S. 2020/21 ending stocks last week. At the same time, production issues in Russia and parts of the Black Sea are tightening global supplies further. International demand, however, has not retreated and exporters have been able to defend asking prices and increase offers. The U.S. Gulf is leading the world market higher as U.S. supplies fall to seven-year lows and European markets have followed amid the region’s shortfall of milling-grade wheat.
China is aggressively booking Australian wheat despite recent trade tensions as global cuts to wheat production cause supply concerns for the Middle Kingdom. At the sa...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
