Russia’s area planted to its five major crops has expanded 23 percent since 2012. Soybeans have gained the most over the past decade, absorbing 37 percent of the overall increase. That crop overtook corn in terms of area harvested last year. A large reason for this is the rapidly growing demand in China. Soybeans have a longer history of production in the Far East of Russia, but they have been expanding in the European part.
Some contend that at 4.3 MMT, Russia is the largest producer of non-GM soybeans. China would seem to be a less profitable market than some other countries for that variety. The irony is that three herbicides, bentazone, imazamox and imazethapyr, are trending higher in use due to Russia’s soybean expansio...
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...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...