Page 302 - Corn News Today

Market Line Report for Monday, May 16th

Following an overnight rally triggered by growing signs of a deepening global squeeze on refined products, oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange moved mixed early Monday.

USDA predicts more than 5 billion bushels of corn will be used for ethanol in 2022-2023.

Right now is the global food crisis. this i think is something just coming onto the agenda. it is going to be dominating, i predict, the conversation in the next few months. let me tell you why, long before vladimir putin invaded ukraine, 2022 was already set to be one of the most dangerousth worst food crises in the first post period. we had a lot of droughts around the world. latin america has two years running a very poor harvest. north africa, africa, very poor harvest. the u.s. harvest does...

The likely expansion of nato now but there are very big, immediate crises coming on top of that. the one that really worries me right now is the global food crisis. this i think is something just coming onto the agenda. it is going to be dominating, i predict, the conversation in the next few months. let me tell you why. long before vladimir putin invaded ukraine, 2022 was already set to be one of the most dangerous worst food crises in the first post period. we had a lot of droughts around the ...

>> can i just tell you. i respect the fact that you are able to respect the guy in a ruffle shirt and the corn had to tell you what to do. well done! a new research poll says that 90% of americans say that inflation is the biggest problem. can democrats really count on abortion to be a winning issue in november, or should they focus more on the economy? we weigh in on this next. economy? economy? we weigh in on thi ♪♪ ♪♪ entresto is the number one heart failure brand prescribed by cardio...

Russia's invasion of Ukraine is being felt far and wide. The ravaged agricultural industry is causing shortages of staples such as wheat, sunflower oil, and corn. DW met a farmer struggling to pick up the pieces after Russian troops destroyed his livelihood.

Year. the war in ukraine is adding to it sending global prices sky high and creating a hunger crisis with grain industries largely cut off. >> redousing the red tape. >> reporter: on wednesday the biden administration announced new measures to help u.s. farmers. doubling funding for fertilizer production and expanding access to cropping insurance. >> we can make sure the american agriculture exports will make up for the gap in ukrainian supplies. >> reporter: a new usda report is suggesting high...

Barren land. >> theres nothing to salvage here? >> oh, no. >> reporter: now its time to plant corn. >> would it grow? >> no. wed just be wasting our money. >> reporter: a severe drought from kansas to california has put 71 million crop acres at risk. 22% of the nations crops. farms are rationing water. some destroying crops that they know wont survive. in the midwest, its the opposite. farms are soaked and planting is weeks behind. its one more strain on farmers with costs skyrocketing for labor...

The Competition Commission is monitoring the spike in sunflower and other edible oil prices and will take action if retail prices are not justified by increasing costs.