Evening Edition | Friday, May 6, 2022
In this evening edition, read about the crop conditions in the Winter Wheat Belt, the ransomware attack at AGCO, and Ukraine export capacity.
Editor Bill Spiegel reports on state of winter wheat across Kansas, Oklahoma, Colorado, and Texas.
“Rain falling across some portions of the Winter Wheat Belt last week came at the last possible moment to save the 2022 wheat crop for some farmers. But in pockets within those states, rain didn’t fall and hopes for 2022 have faded,” Spiegel writes.
Ag equipment maker AGCO Corp said on Friday a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting season.
AGCO did not disclose the names of the facilities or if any data was stolen, but said it was still probing the extent of the attack that occurred on Thursday and working to repair its systems.
Ukraine hopes to grow export capacity by 50% in the next few months by expanding facilities on its western border, but it will still be far short of pre-war levels, the deputy infrastructure minister said on Friday.
Ukraine, a major global grain grower and exporter, has sharply reduced its grain exports since start of the Russian invasion to around 1 million tonnes in April from up to 6 million tonnes before the war.