Wheat Wheat planting is progressing rapidly. According to the Buenos Aires Grain Exchange, 43 percent of the estimated 6.2 Mha have been sown. The Rosario Grain Exchange is slightly more optimistic, estimating an area of 6.9 Mha, and a production of 21 MMT. The market, in general, is taking a more intermediate stance, projecting around 6.5 Mha, and 18–19 MMT. In all cases, this represents a significant expansion. The delay in soybean harvesting caused many farmers to postpone their planting decisions and deals are still being closed, mainly for short cycles. The reasons for more wheat include:
The margins are good as wheat prices have risen and farmers need cash at the end of the year. Crop rotation with winter wheat improves s...
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...
