Glacier FarmMedia – The U.S. Department of Agriculture (USDA) forecasts another record year of U.S. agricultural exports in 2022. The country shipped US$177 billion worth of agricultural commodities in 2021, an 18 per cent increase over the previous year. The forecast for 2022 is for a new record of $183.5 billion. “This, ladies and gentlemen, […] Read more
U.S. agricultural exports to set record
Exports increased 18 per cent over the previous year, and another record year is projected
China expected to remain major grain buyer
It’s thought 20 to 25 million tonnes of imported corn are used annually to replace table scraps previously fed to hogs
Glacier FarmMedia – China doubled its grain purchases in 2021, helping spur the bull run in grain markets, but what’s in store for this year? Dan Basse, president of AgResource Company, thinks more of the same. Why it matters: Grain purchases by China are expected to remain high for the coming year, which will help […] Read more
‘Hot’ global economy finds its groove
A 5.5 per cent increase in global gross domestic product is predicted this year, despite a resurgence in COVID-19 cases
Glacier FarmMedia – Export Development Canada (EDC) is forecasting another strong year of global economic growth in 2022. It predicts a 5.5 per cent increase in global gross domestic product, down slightly from six per cent in 2021. That is despite the Omicron-related resurgence in the COVID-19 pandemic. Why it matters: Consumers around the globe […] Read more
USDA sees little renewable diesel benefit for soybean oil
The department expects little change in oil demand from the renewable fuel sector after next year, which puzzles analysts
Glacier FarmMedia – Analysts generally concur that the burgeoning renewable diesel industry will result in exploding demand for soybean oil through 2030. But there is one notable exception. The United States Department of Agriculture (USDA) is forecasting static soybean oil demand from the renewable fuel sector after 2022, at about 12 billion pounds per year. […] Read more
As the world turns, corn drops down
It’s already underway — climate change could result in declining corn yields globally while wheat rises
Glacier FarmMedia – Climate change is going to have profoundly different impacts on two of the world’s most widely grown cereal crops, according to new research. Global corn yields are projected to decline by 24 per cent by the end of the century, while wheat yields are forecast to grow by 17 per cent over […] Read more
Demand booms for organic foods
Consumers with more disposable income boosted organic purchases during pandemic
Glacier FarmMedia – Demand for organic food and beverages is booming in Canada, according to a newly released study. Sales topped $6.5 billion in 2020, a 33 per cent increase over 2017 levels, according to a report published by the Canada Organic Trade Association (COTA). The 2017 figures represent the last time the group published its […] Read more
Sustainability program intended to ease soybean access to EU
Soy Canada eyes European Union market as it talks with its members this fall about a verified certification program
Glacier FarmMedia – Canada’s soybean industry is attempting to secure broader access to the European Union and other key markets. “Soy Canada is in the process of implementing a verified sustainability program for Canadian soybeans,” said Brian Innes, executive director of the organization. Consultations with the association’s members and other players are slated to take […] Read more
China’s hog slaughter recovery bodes well for feedgrains
Lenders, market analysts predict the country will be an active buyer
Glacier FarmMedia – A major farm lender in the United States forecasts another strong year of Chinese grain and oilseed demand in the new crop year, and that bodes well for prices. “Predicting with certainty whether China will purchase the same levels of U.S. soybeans, corn and sorghum over the next year as it has […] Read more
Looming spring wheat protein shortage bodes well for Canadian sales demand
Protein levels in this year’s U.S. hard red winter wheat are expected to be well below average by the time farmers harvest the entire crop
Glacier FarmMedia – Millers in the United States may be confronted with the double whammy of a low-protein hard red winter wheat crop combined with severely curtailed spring wheat production, say analysts. An estimated 38 per cent of the hard red winter wheat crop has been harvested. Protein levels have averaged 11.4 per cent based […] Read more
Volatile crop market expected in 2021
There’s little extra supply to endure a weather-related crop event
Glacier FarmMedia – Chip Nellinger has one central piece of advice for grain farmers heading into the 2021-22 crop year — fasten your seatbelts. “It’s going to be a real volatile, bumpy ride in my opinion this spring and summer,” the Blue Reef Agri-Marketing analyst said during the United States Farm Report segment of the […] Read more
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