Drought effects on Brazil’s soybean crop size are well documented. What hasn’t gotten much attention are impacts adverse weather has had on soybean quality.
In recent months, USDA Secretary Tom Vilsack has suggested Congress should use the Commodity Credit Corp. (CCC), Charter Act to find a “creative way” to raise reference prices in the next farm bill.
Besides the hot and dry conditions that damaged Brazil’s soybean crop through December, excess rainfall in certain areas of these same states is disrupting harvesting.
Industry groups like the American Farm Bureau Federation are urging House and Senate Ag panels to focus on the farm bill once government-wide spending disputes are hopefully resolved.
The U.S. exported 607.5 million lbs. of pork during November, up 35.3 million lbs. (6.2%) from October and 30.0 million lbs. (5.2%) more than last year.
