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Shining Light on Farm & Food Policy for 20 Years.
Monday, August 19, 2024
Rising crop prices and an economy emerging from the doldrums of the COVID-19 pandemic are creating greater demand for fertilizer, tightening supply chains and boosting input prices considerably, industry officials and observers say.
Representatives of the United States, Mexico and Canada sit down to hash out trade disagreements this week, while President Joe Biden continues discussions with Republicans on an infrastructure package.
More than a thousand barges – many of them likely carrying corn or soybeans – can now resume their trip along the Mississippi River after traffic was stopped due to a cracked bridge near Memphis, Tenn., according to a statement released by the U.S. Coast Guard.
China has purchased another 1.36 million metric tons of U.S. corn for delivery in the 2021-22 marketing year, putting new strain on the next U.S. harvest as domestic and international demand continues to ratchet up.
The board of directors for Kansas City Southern decided to terminate its merger agreement with Canadian Pacific Railway in March for a new deal with Canadian National Railway.
Republican and Democratic lawmakers on Thursday beseeched U.S. Trade Representative Katherine Tai to reveal when the Biden administration will engage with Congress to re-establish Trade Promotion Authority – legislation key to negotiating new free trade agreement - but they did not get an answer.
China has again committed to a substantial purchase of U.S. corn for the 2021-22 marketing year, reinforcing optimism that demand from the country is long term.
The Biden administration wants a better trade remedy than the nearly 60-year-old Section 232 tariffs that the Trump administration enacted to counter imports of foreign steel and aluminum, U.S. Trade Representative Katherine Tai told lawmakers Wednesday.
Department of Agriculture officials set new crop corn and soybean estimates for the upcoming marketing year, but traders expect corn acreage to increase in the next few months as producers switch acres due to higher prices.
China has been reporting some new outbreaks of African swine fever in recent months, but the problem is likely much worse than it appears. That’s both an opportunity for U.S. pork producers and a threat to their herds, according to U.S. industry and government officials.