Pro Farmer Editors

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Mexico will continue to buy corn from the U.S. for livestock feed and industrial use, despite the ongoing formal dispute over its ban on imports of genetically modified (GM) corn for human consumption.
Brazil’s biodiesel mandate will increase to 14% (B14) on March 1, and 15% (B15) in 2025. That’s already having an impact on Brazil’s domestic soyoil market.
The company, owned by Shell Plc and Cosan SA, sees economic sense in producing SAF in Brazil given it requires such large volumes of the feedstock.
At USDA’s 100th Agricultural Outlook Forum, Secretary Tom Vilsack again proposed innovative approaches, such as utilizing CCC funds creatively, to address farm bill funding challenges.
A recap of this week’s price action with outlook broken down into the next 5, 30 and 90 day segments.
The International Grains Council (IGC) raised its forecast for 2023-24 global corn production to a fresh record high.
U.S. export prices unexpectedly rose 0.8% month-over-month in January, defying market expectations of a 0.1% decrease.
The possibility of enacting a carbon border tax in the U.S. is under discussion as trade partners, including the EU, are moving forward with similar measures.
Mexico is self-sufficient in white corn production but it imports large amounts of yellow corn – almost entirely from the United States.
The annual inflation rate in the U.S. fell to 3.1% in January following a 3.4% increase in December but came higher than forecasts of 2.9%.