CPKC doubles capacity at US-Mexico border with new bridge
Canadian Pacific Kansas City (CPKC) completed construction of a new international railway bridge that more than doubles its capacity at the US-Mexico border. The Patrick J. Ottensmeyer International Railway Bridge spans the Rio Grande River from Laredo, Texas, US, to Nuevo Laredo, Tamaulipas, Mexico. The Laredo crossing is the busiest in North America and the...
Russia to cut wheat exports
Reuters reported, citing the Russian government, that Russia, the world’s leading exporter, plans to cut its wheat export quota by two-thirds in 2025. It will also hike wheat export duties by over 18% beginning Dec. 4, 2024, and eliminate import quotas for some staple foods. The Eurasian Economic Union (EEU) Council said Russia’s export quotas...
Rain improves US Plains wheat conditions
Recent rainfall has quickly changed the direction of winter wheat crop conditions in the US central and southern Plains. Growers hope additional rain in forecasts signals a pattern change to pull those regions out of drought, promote emergence before the hard red winter wheat crop goes dormant, and lessen the burden on spring precipitation to...
Egypt expected to produce more wheat in 2024-25
According to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture, Egypt is expected to produce more wheat in 2024-25 as the government encourages an increased planted area and higher yields. Production is estimated at 9.2 million tonnes, up from 8.87 million a year earlier. The FAS said that High...
USDA lowers US wheat production estimate
The US Department of Agriculture (USDA) on Aug. 12 lowered its estimate for US all-wheat production this year based on forecasts for lower soft red winter, other spring and durum wheat production that more than offset increased hard red winter and white winter wheat forecasts. The Department lowered its forecast for 2024-25 global and US...
Canada, Russia wheat production threatened by dryness
A recent insurgence of heat and dryness in western and south-central Canada’s Prairies has raised concern about spring cereal production. The region had one of its best starts to the growing season in years, and dryness kicks in while wheat and barley are reproducing, sending some chills up many producers’ spines. The marketplace does not...
USDA: largest spring wheat production since 2020
When scouts fan out across North Dakota fields in the third week of July, they will be looking to confirm or moderate expectations of a high-yielding spring wheat crop forecast this month by the US Department of Agriculture (USDA). The USDA on July 12 forecast production of spring wheat other than durum in the United...
Key US crop areas battle too much, too little rain
Weather typically is the main force affecting agricultural commodity markets, from planting in the spring (or fall for winter wheat) to harvest in the fall (or summer for winter wheat), especially during the growing season for all crops. The most recent examples were from Russia, the world’s largest wheat exporter, and Brazil, the world’s largest...
Turkey bans wheat imports
The Turkish Agriculture Ministry recently announced that it will halt wheat imports from June 21 through mid-October to protect Turkey’s farmers from price decreases and other adverse impacts during this year’s harvest. The measures would be implemented to “prevent our producers from being affected by price decreases due to supply density during the harvest period,...
Australian winter crop totals expected to increase 9%
Australia’s overall winter crop production is expected to increase 9% to 51.3 million tonnes in 2024-25 and be the fifth highest on record, according to the June report from ABARES. Wheat production is forecast to increase by 12% to 29.1 million tonnes, while barley production is estimated at 7% to 11.5 million tonnes. Canola production...