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Shining Light on Farm & Food Policy for 20 Years.
Monday, January 06, 2025
July reports from the Department of Agriculture offered little surprise to traders, including when USDA stuck with the much-maligned June Acreage report data.
Grain traders are still unsure of actual planted cropland after USDA dropped planted corn acres estimates by just over 1 million in its June Acreage report Friday. Many traders find that difficult to believe after farmers in the eastern Corn Belt struggled to plant a crop this spring.
Just days after dropping steel and aluminum tariffs on Mexico and Canada, President Donald Trump is threatening to reinstate new tariffs on all Mexican goods.
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.
The Trump administration will provide $16 billion in new direct payments and other additional assistance to farmers and ranchers who have been harmed by the ongoing trade war with China and other trade disputes.
The Department of Agriculture projects higher corn ending stocks, which would be the second largest on record behind 2016/17, in this month’s World Agriculture Supply and Demand report.
The World Trade Organization today sided with the U.S. in its complaint that China has not lived up to pledges it made nearly twenty years ago to buy billions of dollars of wheat, rice and corn through tariff rate quotas.
Next week is going to start off with a thud and not an April Fools' Day joke when Japan further lowers tariffs on wheat and barley from Australia, Canada and European Union countries.
