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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, December 18, 2024
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.
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.
With 95 percent of California’s Central Valley wetlands lost over the last century to urbanization and highly productive agriculture, researchers warn that the area’s once prolific native salmon could disappear within 50 years.
Traders saw very few if any surprises in USDA’s World Agriculture Supply and Demand Report released Friday and will eye weather as the next potential market mover.
The U.S. on Thursday won a key victory at the World Trade Organization to compel China to stop propping up its wheat and rice farmers by maintaining artificially high prices.
The island nation of Haiti, rocked by recent violent protests over allegations of corruption, inflation and a flailing economy, needs cheap food, and the country is reaching out to U.S. rice farmers and millers for help.
USDA economists expect farmers to increase plantings of corn this spring while reducing their soybean production as the Trump administration's ongoing trade war with China remains unsettled. Record amounts of meat and milk production are projected.
China needs rice imports, U.S. farmers are anxious to sell more rice and it might not be long before the countries are doing business after more than 20 years of haggling over details of opening up trade.
