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Shining Light on Farm & Food Policy for 20 Years.
Sunday, March 30, 2025
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.
Moscow seems intent on letting the Black Sea Grain Initiative expire this coming Monday, but the United Nations is equally resolved to preserve the deal and prevent food prices from rising in some of the poorest nations.
A gauge of global food commodity prices fell again in June, led by declines in the cost of grains and vegetable oils, and is now more than 23% off the March 2022 peak that followed Russia’s invasion of Ukraine.
Russia’s threat to pull out of the Black Sea Grain Initiative continues to threaten global supplies of wheat and corn, but China would be one of the biggest losers would be China if that happens.
U.S. farmers planted 6% more corn acres this spring than last year but 5% fewer soybean acres, which is likely to drive U.S. soybean exports lower because of tighter supplies and higher prices.
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.
Farm and biotech groups cheered when U.S. Trade Representative Katherine Tai announced the Biden administration would take on Mexico in a dispute over Mexican biotech corn restrictions, but the process is likely to stretch on for months.
U.S. Trade Representative Katherine Tai announced Friday that she is calling for dispute consultations with Mexico over the country’s efforts to ban genetically modified corn and its recent history of rejecting biotech seed traits.
USDA has cut its forecast for the value of U.S. ag exports in fiscal year 2023 to $181 billion, a $3.5 billion reduction from the agency’s February prediction of $184.5 billion.
