Stories about wheat
Lincoln Slagel enjoys doing research and when his college roommate introduced him to craft beer, he looked deeper into it.
Farmers are less optimistic about the ag economy, according to the Purdue/CME Group Ag Economy Barometer, which plummeted to its lowest level since the early days of the pandemic in spring 2020.
There were no surprises in the U.S. Department of Agriculture’s supply and demand estimate report as the market turns its focus toward weather and the upcoming planted acres report at the end of June.
Adjustments in old crop corn and soybean exports moved ending stocks in different directions in the agricultural supply and demand estimates report.
Indiana and Illinois winter wheat yield estimates were increased in the U.S. Department of Agriculture’s crop production report on June 10. USDA raised Illinois’ average winter wheat yield from 75 bushels per acre last month to 78 this month, one less than 2021.
The trend of slight to moderate economic growth continues across the Federal Reserve districts. Survey-based findings of the current economic temperature were reported in the Beige Book released on June 1, based on information collected on or before May 23.
On the very week the United States marked its one millionth COVID death and anxious American parents awaited a military airlift for baby formula, Davos Man, he of the pinstriped master-of-the-universe class, emerged from his bulletproof, bombproof office to report all was well.
Calving has been progressing nicely with a few exceptions in the heifer pasture. Linda checks the heifers twice a day and calls for help if one is not progressing. It seems we have one “easy calver” that’s not so easy.
Russia’s invasion of Ukraine has had swift and substantial effects on commodity markets that could be long-lasting, according to Federal Reserve Bank researchers.
The current food production system is extracting wealth and disinvesting in rural communities, according to a food systems analyst.
Multiple events have been scheduled for the University of Illinois’ Agronomy Days. The Department of Crop Sciences, College of Agricultural, Consumer and Environmental Sciences and U of I Extension will host a series of events all season long.
President Joe Biden vowed to help American farmers try to ease a global spike in food prices following Russia’s invasion of Ukraine as he visited a family farm and unrolled policies meant to increase harvests in ways that could also help to reduce grocery bills at home.
The European Commission proposed helping Ukraine export its wheat and other grains by rail, road and river to get around a Russian blockade of Black Sea ports, which is preventing those critical supplies from reaching parts of the world at risk of food insecurity.
The Consumer Price Index, a gauge of inflation, hit a 40-year high last month, and most economists expected the same report this week to show an improvement. In fact, there was nary an economist or analyst that was not looking for some improvement and easing of inflation.
A decline in world and U.S. wheat stocks and an unexpected early move away from the trend-line corn yield provide some bullish fodder when the U.S. Department of Agriculture’s supply and demand estimates were issued.