Items Tagged with 'soybeans'

The second part of a three-part series on the impact of agricultural exports on the U.S. economy and the risks and promise for ag trade going forward: U.S. ag exports to China are falling year after year following a spike driven by the Phase One agreement. Brazil, meanwhile, is ramping up its trading relationship with China.

The World Bank is forecasting that global prices for food commodities will drop another 4% next year after declining 9% in 2024.

A new trade war with China could result in deep cuts to U.S. corn and soybean exports, according to a study commissioned by trade groups representing the two commodities.

Former Sen. Tim Johnson, a South Dakota Democrat who helped create the Renewable Fuel Standard, reorganize the Farm Credit System and secure land-grant status for tribal colleges, died Tuesday night of complications after a recent stroke. He was 77.

An impasse in discussions over an expiring contract has dockworkers readying for a strike that could leave containers piling up at ports along the East and Gulf Coasts, force cargo ships to sit in harbors until it clears, and scramble routes for agricultural goods at a critical time of year for farmers. 

U.S. agricultural trade deficit will increase to $42.5 billion for fiscal 2025 as the fall in prices for corn, soybeans and other commodities lowers their value, USDA says.

USDA is projecting corn and soybean yields at record highs this year and has sharply raised its forecast for both soybean production and ending stocks, prompting another drop on the futures markets Monday.