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Shining Light on Farm & Food Policy for 20 Years.
Friday, December 20, 2024
Corn and soybean prices fell Friday following USDA’s release of its latest World Agricultural Supply and Demand Estimates report, which projects a record soybean crop and “smaller supplies, larger exports, and reduced ending stocks” for corn.
Senate Agriculture Committee Chairman Debbie Stabenow is calling on farm groups to fight any cuts to farm bill programs as House Republicans work to reduce spending this year.
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 Agriculture Department estimates U.S. winter wheat production will drop 8% this year due to a drought gripping the Plains and that planting delays are likely to cut the corn harvest.
