Because of forecasted dry weather the Rosario Grains Exchange anticipates a lesser wheat crop in Argentina for the 2022/23 season. The Exchange projects Argentine wheat production to decline to 19 million tons, down from a record the 22.1 million tons in 2021-22, as a La Niña weather pattern is expected to reduce rainfall in the coming months.
Brazil is forecasted to have a beef production of 9.85 million tons (in carcass-weight equivalent) in 2022, according to the estimates from the United States Department of Agriculture (USDA). Such a volume should exceed the 9.5 million tons recorded in 2021.
United States Department of Agriculture (USDA) is planning to invest an initial sum of US$250 million for the production of fertilizers in the country. USDA said the goal is the reduction of input costs, which have been strongly affected by the sanctions imposed on Russia, (a leading global supplier) and stimulate competition in the US.
The price of soybeans sprang back to above US $ 500 in the Chicago market Wednesday after a US $ 33.2 rise fueled by a new report on stocks and planting from the Department of Agriculture of the United States (USDA).
Analysis by the United States Department of Agriculture’s Foreign Agricultural Service (FAS / USDA) point out that the country has US$ 4 billion in agricultural exports that may be affected to some extent by the trade agreement between the European Union and Mercosur. The agreement has yet to be ratified by national parliaments.
United States president-elect Joe Biden plans to nominate former Iowa Governor Tom Vilsack for agriculture secretary, Axios reported on Tuesday. Vilsack, who led the U.S. Department of Agriculture (USDA) under former President Barack Obama, could not immediately be reached. His spokeswoman, Regina Black, declined to comment as an official announcement hasn't been made.
The US Department of Agriculture (USDA) reported this week that Chinese importers purchased more soybeans from the United States and recorded their largest daily buy of US corn in almost a month. The acquisitions took place as both Washington and Beijing reaffirmed their commitment to the Phase 1 of the bilateral trade agreement.
Two cities in China have found traces of the new coronavirus in cargoes of imported frozen food, local authorities said on Thursday, although the World Health Organization downplayed the risk of the virus entering the food chain.
United States frozen pork inventories were down 25% from a year earlier at the end of June, the US Agriculture Department said on Wednesday after outbreaks of the coronavirus among meatpacking workers slowed production.
A top United States Democratic congresswoman on Thursday asked the Agriculture Department (USDA) to investigate and retract tens of millions of dollars in federal contracts with the U.S. subsidiary of a Brazilian meatpacking company facing federal corruption charges.