ST. LOUIS, MISSOURI, U.S. — The growers of the American Soybean Association (ASA) applauded the Senate Finance Committee’s confirmation of Darci Vetter as Chief Agricultural Negotiator in the Office of the United States Trade Representative (USTR).
ASA worked extensively with Vetter in her former role as Deputy Under Secretary for Farm and Foreign Agricultural Services at the U.S. Department of Agriculture.
“Right now, agriculture is among the brightest spots in our nation’s global trade portfolio. Last year we exported more than $141 billion in agricultural products — the largest share of that in the form of soybeans. This contributes to a positive agricultural trade balance of $31 billion and millions of jobs here at home,” said ASA President Ray Gaesser. “The job for which Ms. Vetter was confirmed today is to ensure that the success of the partnerships between American agriculture and our foreign customers continues to grow and strengthen.
“As we work to remove trade barriers worldwide as well as negotiate the Transatlantic Trade and Investment Partnership (TTIP) with Europe and on the Trans-Pacific Partnership (TPP) with Pacific Rim countries, Ms. Vetter’s knowledge and experience, not only of international trade but also the specific needs of our industry, are extremely powerful assets. ASA congratulates Ms. Vetter on a well-deserved confirmation, and we call on the full Senate to confirm her as quickly as possible so that we may continue our cooperation to advance the important role of U.S. soy on the global stage.”
Since Russia’s invasion of Ukraine in February, the world’s wheat supply has been thrown into question, with poorer nations facing scarcity and a potential food crisis, according to the United Nations.
Following are countries among the world’s least developed that are the most dependent on Russia and Ukraine for their annual wheat supply (2020), according to the UN Conference on Trade and Development. Nations in Africa import 44% of their wheat from Russia and Ukraine, according to the UN.
In marketing year 2022-23, the world is projected by the US Department of Agriculture (USDA) to produce 779.03 million tonnes of wheat and provide 204.89 million tonnes for export.
These are the eight major wheat importing nations/regions as listed in the monthly USDA World Agricultural Supply and Demand Estimates (WASDE) report and their annual tonnes with production.
Russia’s invasion of Ukraine in February and the persistent La Niña climate phenomenon have combined to create some of the most volatile market conditions in recent memory, sending prices skyrocketing as nations that depend on wheat to feed their populations scramble to secure supplies.
Each month, the WASDE releases new projections to reflect the most recent global market and production conditions, and this slideshow will be updated with those changes.