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Shining Light on Farm & Food Policy for 20 Years.
Friday, December 20, 2024
The Department of Agriculture says the investments in the Partnerships for Climate-Smart Commodities program will pay off in the form of data on a broad range of conservation practices.
It’s looking like Brazil will export more corn than the U.S. in the current and next marketing year, according to USDA forecasts, but sustainability, environmental and economic issues may soon pose problems for the South American ag powerhouse, according to an analysis released Wednesday by the National Corn Growers Association.
A new Agriculture Department report projects the nation’s corn producers will still be able to top 15 billion bushels of nationwide production even as stretches of the heartland face dry weather that will lower yields.
Weakening corn and soybean demand revealed in Friday’s USDA’s World Agricultural Supply and Demand Estimates could keep a lid on grain and oilseed prices.
Much larger corn crops in Argentina and the U.S. will be driving down global prices and spurring international trade in the 2023-24 marketing year, USDA said Friday.
The USDA slashed its forecast for Argentina’s corn and soybean production in response to widespread drought and raised its prediction for Chinese wheat imports in its April World Agricultural Supply and Demands Estimate.
Drought is taking a higher-than-expected toll on Argentina’s corn and soybean farmers, according to the USDA, which cut production and export forecasts Wednesday for the South American country.
History may be in the making now that USDA has raised its forecast for Brazilian corn exports to 50 million metric tons for the 2022-23 marketing year. That would push Brazil past the U.S., the long-established world leader in corn exports, which is expected to ship 48.9 million tons to foreign buyers.
