WASHINGTON/CHICAGO, May 10 (Reuters) – Global stockpiles of
corn and soybeans are set to rise next autumn after years of
thinning inventories, the U.S. Agriculture Department was
expected to say on Thursday, offering hope for a break in the
cycle of surging food prices.
A breakneck start on planting the U.S. corn crop and timely
rains in the drought-hit wheat fields of the southern Plains may
encourage the USDA to estimate higher-than-average yields,
analysts said ahead of the first USDA report to project crops
and ending stockpiles for the 2012/13 crop year.
WASHINGTON, April 26 (Reuters) – U.S. farmers will get a new
crop-subsidy program that protects them from ruinous declines in
revenue, the biggest threat to survival with today’s high and
volatile prices, a Senate committee decided on Th ursday.
The Agriculture Committee approved the new path for the U.S.
farm program by a 16-5 vote. The package would erase almost all
traditional farm supports, especially the $5 billion a year
“direct payment” subsidy paid regardless of cost, and save $23
billion over 10 years.
WASHINGTON (Reuters) – The discovery this week of the fourth U.S. case of mad cow disease was one of two things for food safety experts: a validation of a decade-long focused surveillance regime or a lucky break that highlights the need to revisit previously scrapped efforts for more comprehensive surveillance.
For now, calls for greater monitoring seem likely to go unheard, both because the “atypical” case appeared to be a one-in-a-million genetic mutation that officials said posed no threat to the food supply, and because of tightening budgets.
WASHINGTON (Reuters) – Drought in major soybean producers Brazil and Argentina cut their production more deeply than expected, the U.S. government said Tuesday in a report that drove prices to near their highest since 2008.
While a more than 20 percent rally in soybean prices this year has reignited concerns over food prices, the outlook for corn supplies appeared upbeat after the Agriculture Department said end-season stockpiles would be higher than traders estimated as ranchers use more wheat in livestock rations.
WASHINGTON (Reuters) – A U.S. Navy F/A-18D fighter crashed soon after take-off into an apartment complex in Virginia on Friday, sending fireballs into the sky, heavily damaging half-a-dozen buildings and injuring nine people.
All the injuries, including those to the F/A-18 crew, were minor, officials said, but the search of the Mayfair Mews apartment complex was not complete. Both crew members ejected from the aircraft before it crashed into the buildings in Virginia Beach, and one pilot was rescued while still strapped into his ejection seat.
WASHINGTON (Reuters) – A U.S. Navy F-18D fighter crashed soon after take-off into an apartment complex in Virginia on Friday, sending fireballs into the sky, heavily damaging five buildings and injuring six people.
Four of the injured were people on the ground, including a firefighter. Both crew members ejected from the aircraft before it crashed into the buildings in Virginia Beach. They had minor injuries and were sent to hospital, the Pentagon said.
WASHINGTON (Reuters) – U.S. farmers will expand their corn plantings by 4 percent this spring to the largest in 75 years, topping expectations due to surprise reductions in soybeans and spring wheat, according to a government survey on Friday.
Soybean prices jumped to hit their highest in six months, extending this year’s rally after the Department of Agriculture said farmers would plant 1 percent less of the crop. Analysts had expected a rise in soy acres.
WASHINGTON, March 30 (Reuters) – U.S. farmers will plant the
most corn in 75 years to cash in on higher prices, topping
expectations due to surprise reductions in soybean and spring
wheat sowings, according to a U.S government report on Friday.
The dramatic expansion raised hopes that the next harvest
would ease razor-tight supplies that have kept corn prices near
WASHINGTON (Reuters) – U.S. lawmakers are short on time and money to make the biggest cuts in agriculture in a generation and failure risks unintentionally driving up food prices and adding to an already onerous deficit.
Just as Congress took the country to the brink of an unprecedented debt default by haggling over whether to raise the debt ceiling, fractious Republicans and Democrats may wait this year until the last minute to agree to significant cuts to farm supports amid historically high crop prices.
ARLINGTON, Virginia (Reuters) – Global crop prices will retreat sharply this year as farmers around the world expand production, bringing stability back to commodity markets and easing food inflation fears, the U.S. government forecast on Thursday.
After two years of razor thin stocks, world crop supplies, led by wheat, are recovering.