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Shining Light on Farm & Food Policy for 20 Years.
Saturday, October 19, 2024
Congress faces a midnight deadline to keep the government funded. As of Thursday evening, it wasn’t clear whether lawmakers would be asked to pass a very short-term stopgap spending bill to provide the time they need to pass a massive bill that would include both government funding for fiscal 2021 as well as a big new COVID aid package.
U.S. agriculture exports are going to be stronger than first expected in fiscal year 2021 and should eclipse 2020, according to a new USDA forecast that raised sales estimates for soybeans, sorghum, corn and wheat.
Exports of U.S. soybeans to China started off the new 2020-21 marketing year strong, and the latest USDA weekly sales data show the pace of trade is heating up.
The quick pace of U.S. soybean and corn sales – particularly to China - is one of the biggest factors behind a new USDA forecast that shows U.S. ag exports rising to $140.5 billion in fiscal year 2021, which starts Oct. 1.
U.S.-China tensions are escalating, but President Donald Trump is expressing new satisfaction with the "phase one" trade deal amid rising Chinese purchases of U.S. corn, soybeans and sorghum.
August is shaping up to be a good month for U.S. sorghum sales to China. The latest data out of USDA’s Foreign Agricultural Service shows Chinese companies contracted to buy 696,300 metric tons of the grain in the first week of the month.
U.S. agricultural exports to China are up from a year ago but still far below the amounts needed to meet the pledges the Chinese made under the “phase one” trade agreement, according to new USDA data.
China’s sorghum imports are steadily rising and producers are counting on the country’s importers to continue purchases into the new crop year, according to the U.S. Grains Council.
