The chair of the USA Rice Federation’s International Trade Policy Committee says India’s decision to ban exports of long grain, non-basmati rice is bad policy that puts food security in vulnerable countries in jeopardy. Bobby Hanks says India accounts for 40% of the global... Read More.
Dairy prices were mostly down on the world market as Tuesday’s Global Dairy Trading index fell 4.3%, the second-largest drop in the index since February. More than half of Tuesday’s trade was whole milk powder, which saw prices fall 8%. Cheddar cheese and skim... Read More.
Soybeans were mostly higher, adjusting spreads. Most forecasts have warm, dry weather late this month into next month, potentially stressing the crop and trimming yields. The USDA’s updated yield and production projections are out August 11th in the monthly supply and demand report.... Read More.
The global market for soybeans is competitive and a commodity broker says that won’t change anytime soon. Jody Lawrence of Strategic Training Advisors tells Brownfield… “Brazil and Argentina are going to outproduce us in soybeans, we will never catch up to them, by more than... Read More.
New data on global food security and nutrition indicates a significant increase in people facing hunger since 2019. The report published jointly by five United Nations agencies says over 122 million more people have become food insecure the past three years, citing the pandemic,... Read More.
The Global Dairy Trade Index fell 3.3% in Tuesday’s trading session. Prices for all products were down, but butter and buttermilk powder took the largest fall. Buttermilk powder was down 11.4% to just $2,189 per metric ton, or $0.99 per pound. Butter was down 10.3%... Read More.
More than 500 farmers and agriculture leaders are stressing the importance of federal investment in international trade promotion. The U.S. Global Leadership Coalition Heartland Summit took place in Iowa and Michigan Thursday focusing on the benefits of strategic investments in agriculture and global development. President... Read More.
A bill that’s been introduced into the US House would require that US-grown commodities are included in international food aid programs. Kansas Representative Tracey Mann tells Brownfield the goal of his legislation is simple. “To be sending not money, but to be sending commodities... Read More.
The United States is falling behind its competitors in reducing global trade barriers, according to a recent report by Corn Refiners Association. President and CEO John Bode says the report tracks new market-opening trade agreements entered into by the U.S. and its major economic... Read More.
There was no change in the Global Dairy Trade index in Tuesday’s trading session, as the average dairy product price remained at $3,479 dollars a metric ton. Price increases for butter and anhydrous milk fat offset losses by Cheddar cheese and skim milk powder. Butter... Read More.
India’s Minister of Agriculture has awarded Verdesian the Global Leadership Award in Biostimulants and Nutrient Use Efficiency (NUE) Solutions at BioAg India. R.K. Goyal, managing director South Asia & South East Asia for Verdesian Life Sciences says the award is a testament to both... Read More.
In this week’s Missouri Corn Talk, U.S. Grains Council President and CEO Ryan LeGrand says there are a lot of global factors influencing corn demand including the Russia-Ukraine war and increased production in South America. He also says ethanol exports are a way to... Read More.