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Shining Light on Farm & Food Policy for 20 Years.
Friday, December 20, 2024
Love them or hate them, there is one thing farmers and ranchers cannot ignore: The Chinese are the biggest customers for U.S. agricultural exports. Fresh from a trip to China and Thailand, USSEC CEO Jim Sutter shares key insights about his conversations with leaders on the ground.
The Port of Baltimore, a significant shipping point for U.S. sugar imports, suspended traffic Tuesday after a container ship slammed into and collapsed the Francis Scott Key Bridge, shutting the main channel leading into the Chesapeake Bay.
U.S. soybean meal exports are set to reach 13.2 million tons in marketing year 2022/23, valued at almost $7 billion, but government analysts anticipate the next marketing year could produce an even higher total.
The Agriculture Department left most of its crop production and usage estimates unchanged in its latest World Agricultural Supply and Demand Estimates released Friday, matching trader expectations ahead of the report.
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.
Roughly 30,000 metric tons of U.S. soybeans are set to arrive in the Paranagua port in southern Brazil Thursday, demonstrating just how much Brazil — the world’s largest soybean producing and exporting country — has over-exported its own large crop this year.
China’s livestock sector is booming even as the country recovers from African swine fever, and the country’s demand for feed is fueling optimism for U.S. corn and soybean exports in the 2020-21 marketing year, which begins Sept. 1.
USDA cut its forecasts for soybean exports for the current marketing year to 1.9 billion bushels, down 160 million bushels from the October projection, citing lower imports from China, which is engaged in tit-for-tar tariff war with the U.S.
