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Corn acres exceeded expectations at 95.3 million, while soybeans came in at 85.4 million. USDA also reports 5.29 billion bushels of corn and 1.06 billion bushels of soybean stocks on June 1.
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The company says the action is needed to preserve domestic production, but major commodity groups argue the trade case will come at farmers’ expense.
USDA says Trump’s executive order suspending phosphate duties could cut fertilizer prices by about 22%, saving U.S. farmers an estimated $1.82 billion annually across 97 million planted acres.
Incredibly surviving the Civil War, world wars, depressions, epidemics, and every milestone for two centuries, the Taylor gathering may be the oldest reunion on the planet.
The Executive Order signed by President Trump Monday comes after years of farmer lobbying against phosphate duties, with Texas A&M estimating $6.9B in added costs since 2021 tied to sharply higher DAP fertilizer prices.
Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
Despite a weak farm economy, record and near-record auction sales continue as farmers compete for quality used equipment, a trend Machinery Pete says is unlike anything he’s seen in 36 years.
Legal watchers and industry experts break down what the favorable outcome for Monsanto means for farmers.
From combine automation to upgrades on a 13-year old planter, Virginia farmer David Hula shares the technologies he’s testing to protect yields and unlock the next generation of crop production.
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