News

Rather limited number of proposals of large-scale grain lots on the market, the unstable economic situation and devaluation of the national currency rates, became the key factors influencing on price formation in the market segment of wheat in the first half of 2015/16 MY. The current article focuses on some challenges faced by the market participants, price trends, and the prospects for further developments.

When I started to work in development cooperation in the late 1980s, one-third of EU agricultural subsidies—about 10 billion euros annually (equivalent to about 17 billion euros today)—were spent on export subsidies. The EU Common Agricultural Policy was a central planning system with administratively fixed intervention prices for major commodities, huge stocks of cereals and milk products, and high import tariffs.

Russia has banned imports of soybeans and corn from the United States starting from February 15, Assistant to Head of Russia's Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) Alexey Alekseenko told Russian news agency TASS on Wednesday.

A continuing decline in crop and livestock prices will pull down U.S. farm income for the third year in a row, but this year’s decline will be a modest 2% or 3%, said a USDA forecast, far milder than the combined 31% plunge of the past two years. Large crop-support payments, estimated at $9.5 billion for ARC, PLC, and LDPs, would buffer a 4% drop in livestock receipts and a 1% fall in crop receipts.