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Shining Light on Farm & Food Policy for 20 Years.
Friday, December 20, 2024
USDA's Economic Research Service cited trade tensions, African Swine Fever, and weak commodity prices in trimming its export sales forecast for fiscal 2019 by $4.5 billion.
When President Donald Trump fired off a pair of tweets on Sunday, he set the stage for a market shakeup at home and abroad as politicos and producers alike tried to determine where global trade talks stood.
U.S. corn that is being exported during the 2018-2019 marketing year rates No. 2 or better on all grade factors, according to a U.S. Grains Council analysis.
While acknowledging that “it’s tough out there,” Agriculture Secretary Sonny Perdue assured producers at Commodity Classic on Friday that there are reasons to be optimistic about the farm economy.
USDA economists expect farmers to increase plantings of corn this spring while reducing their soybean production as the Trump administration's ongoing trade war with China remains unsettled. Record amounts of meat and milk production are projected.
The Department of Agriculture drastically increases net farm income projections after releasing the complete list of tables for their upcoming Agricultural Projections Report, expected to be released mid-March.
President Donald Trump told reporters Thursday he doesn’t expect to be able to meet with Chinese President Xi Jinping before the trade war between the two countries escalates at the beginning of March.
