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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, November 27, 2024
The Department of Agriculture says the investments in the Partnerships for Climate-Smart Commodities program will pay off in the form of data on a broad range of conservation practices.
The Agricultural Business Council of Kansas City and Agri-Pulse Communications are bringing together top economists, industry leaders and government officials to offer unique insights during their 9th annual Ag Outlook Forum on September 25 at the Downtown Marriott in Kansas City.
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.
History may be in the making now that USDA has raised its forecast for Brazilian corn exports to 50 million metric tons for the 2022-23 marketing year. That would push Brazil past the U.S., the long-established world leader in corn exports, which is expected to ship 48.9 million tons to foreign buyers.
In today's WASDE report, USDA increased production and offset some of those gains with higher domestic use. However, USDA did not lower export expectations which may be coming in the months ahead.
The Department of Agriculture Wednesday lowered its estimates for soybean yields, production and exports for the 2022-23 marketing year while acknowledging that Brazil will likely have a much larger harvest early next year.
The USDA announced Monday that China purchased more than 1 million metric tons of U.S. corn, adding to the buying spree from tight U.S. stocks as the Russian invasion continues to hobble Ukrainian exports.
China made another massive purchase of U.S. corn Friday, pushing the total commitments by Chinese importers this week to about 5.5 million metric tons and sparking new optimism that U.S. exports could break a record for the 2020-21 marketing year.
