Ag News: Wheat Exports Slow Down and Bayer Court Victory
**U.S. wheat exports are slowing due to high prices and rising global production, according to the USDA’s latest monthly WASDE report.
According to www.agriculture.com, the report is forecasting the smallest wheat export total, 840 million bushels, in seven years, and U.S. export prices are expected to remain elevated for the rest of 21/22, further diminishing U.S. competitiveness.
Australia will harvest a record wheat crop of 34 million tons, thanks to abundant rainfall and near-record yields.
**A California jury found Bayer's Roundup weedkiller was not the cause of a woman's non-Hodgkin's lymphoma, delivering the chemical giant its second trial victory over claims the popular herbicide causes cancer.
www.agrimarketing.com reports, the jury in San Bernardino County found Donnetta Stephens' cancer was not caused by her exposure to Roundup and its active ingredient glyphosate.
Bayer says the verdict was consistent with the evidence.
Stephens’ attorney plans to appeal.
**October was a strong month for U.S. red meat exports.
USDA data compiled by the U.S. Meat Export Federation shows beef export value continued to soar.
October’s pork exports were well below last year’s large total, but year-to-date shipments remained slightly above the record pace of 2020.
Beef exports reached 115,700 metric tons in October, while export value climbed 48%, the second-highest total on record, behind only this past August.