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Shining Light on Farm & Food Policy for 20 Years.
Monday, December 30, 2024
The U.S. corn sector has been adamant that it cannot easily or quickly shift to producing non-GMO corn to comply with an upcoming Mexican ban, but Brazilian and Argentine farmers are also telling Mexico that it’s mistaken if it thinks it can rely on them to make up for the coming loss of U.S. supplies.
USDA expects U.S. ag exports to hit a new record this year and projects continued strong prices for major commodities this year while acknowledging that Russia's invasion of Ukraine has injected new uncertainty into world markets.
It's dry in Argentina, Paraguay and the southern states of Brazil, and market watchers are going to be paying close attention in the weeks and months to come as the South American soybean crops are harvested.
New developments in the long-running battle over livestock markets may force the American Farm Bureau Federation to rethink its support for a bipartisan bill to bring transparency to those markets.
Brazil has given the green light for imports of flour made from genetically modified wheat that’s being grown and harvested in Argentina, creating a pathway for potential acceptance around the globe.
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.
With the economic stimulus bill now signed into law, lawmakers are quickly turning their attention to what could be a much heavier lift: climate and infrastructure legislation.
Brazil is the third largest wheat-importing country in the world, and while it’s already a strong customer of the U.S., representatives of American farmers say there’s plenty of room for more business as they continue a campaign to win over more Brazilian millers and bakers who make the country’s bread, cookies, cakes and pasta.
European farmers and ranchers offered their support as the EU signed pacts with Mexico, Japan, Singapore and South Korea, but they are raising alarms now over a massive deal with four South American countries that make up the Mercosur trade bloc.
