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Balanced Reporting. Trusted Insights.
Thursday, April 17, 2025
The European Union responded to President Donald Trump’s 90-day pause of U.S. reciprocal tariffs by announcing its own pause on pending retaliatory tariffs on Thursday.
Removing soybean oil and other seed oils from the food supply would force the food industry to rely heavily on imported palm oil to fill the gap, driving up consumer prices, according to a study funded by the United Soybean Board.
Beijing announced on Friday it would slap 34% tariffs on all imports from the U.S. beginning next week in response to President Donald Trump’s reciprocal tariffs.
Corn, sorghum, soybean and wheat exports are heavily dependent on markets that are headed for population decline over the next 25 years, according to a new report by Terrain.
USDA is lowering its estimates of global corn and soybean stocks in a report that doesn’t account yet for the impact of reciprocal tariffs or of new duties on Canada and Mexico that President Donald Trump plans for April.
In a crowded global market and amid increasingly fierce competition, U.S. exporters are standing out from the field with a superior quality product, exporters said.
Prices for most major row crops are likely to fall again this year, keeping pressure on farmer earnings, even as prices for cattle and poultry continue to rise in 2025 due to constrained supplies, according to USDA.
USDA is raising its estimated average farm-gate price for the 2024 corn crop by 10 cents to $4.35 a bushel, while shaving the expected price for soybeans by 10 cents to $10.10 a bushel.
Across the biofuel industry, some sectors are optimistic the Biden administration's framework for the key 45Z tax credit will boost clean fuel production and support farmers. However, the proposals are not a slam-dunk, and groups are preparing to continue advocacy with the new Trump team.
USDA is making it easier for growers to qualify for a new biofuel tax credit by increasing the number of eligible crops and climate-smart farming practices and dropping a bundling requirement.
