Latest USDA world forecast shows wheat and corn output higher, rice lower

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The U.S. Department of Agriculture released its latest World Agriculture Supply and Demand estimates with following details: Wheat – Global production is up this month with higher estimates for Australia, Canada, and Russia only partly offset by a downward revision for Iran. Global consumption is raised this month on higher feed and residual use more […]

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China’s corn production at record level; U.S. too expecting second largest corn harvest ever

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In its monthly World Agricultural Production report, USDA’s Foreign Agricultural Service (FAS) indicated that, “USDA estimates China marketing year (MY) 2021/22 corn production at a record 273.0 million tonnes,  5 per cent above the 5-year average of 260.3 million tonnes. Yield is estimated at a record 6.5 metric tons per hectare, highest in five years average. World Agricultural Production. USDA- Foreign Agricultural Service stated that, “The major factors shaping […]

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Harsh drought threatens key US crop states

A harsh drought has grown more severe across major parts of the U.S. farm belt, threatening recently planted corn, soybean and spring wheat crops in Iowa, Minnesota and the Dakotas. Rains forecast for the northern Midwest and Great Plains may bring relief to some areas, but the severe moisture deficits suggest crop yields in key […]

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Drought unfolds in key U.S. crop states

A harsh drought grew more severe across major parts of the U.S. farm belt this week, threatening recently planted corn, soybean and spring wheat crops in Iowa, Minnesota and the Dakotas, meteorologists and climatologists said on Thursday. Rains forecast for the northern Midwest and Great Plains this weekend and next week will bring relief to […]

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Foreign demand fuels U.S. corn and sorghum exports

Strong foreign demand and reduced competition have sharply boosted exports to record levels for U.S. corn in 2020/21 (Oct-Sep), the U.S. Agriculture Department (USDA) said, adding that for 2021/22 exports are currently forecast to decline with a rebound in supplies from other exporters. Still, this would be the third largest on record, if realised. Robust […]

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China to have a bumper harvest of wheat in 2021

With sufficient inventory, adequate reserves and abundant supply, China’s wheat reserves can meet consumer demand for more than one year, an analyst with the National Food and Strategic Reserves Administration said. Currently, wheat produced in China in 2020 and imported wheat are all supplied to the market, and the market supply is fully guaranteed, chief […]

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