Pro Farmer Analysis
U.S. agricultural exports totaled $13.13 billion in September against imports of $17.39 billion, resulting in a monthly trade deficit of $4.26 billion.
The Federal Reserve is expected to cut rates, though Malanga signals future economic stability may be threatened by conflicting survey data, recent steepening of the yield curve, and a federal deficit near 7% of GDP.
We recap this week’s price action and provide outlook for the next 5, 30 and 90 day segments.
Agriculture powerhouse Brazil has an abundance of cheap crops to make biofuels, providing the nation a leg up on competitors including the United States.
SovEcon further lowered its 2024-25 grain export estimates, citing new restrictions prohibiting sales of Russian grain by foreign third parties to sovereign buyers at tenders.
Canadian renewable fuels producers are facing lower returns on new facilities due to a slump in British Columbia’s low carbon fuel standard (LCFS) credit market, a trend expected to persist amid a flood of imports from the United States.
The lack of guidance for a new clean-fuel tax credit is causing biofuels producers to put off some purchases of soyoil for early next year.
USDA forecasts all food costs this year will rise 2.3%.
Mexico’s President Claudia Sheinbaum announced a new agriculture plan aimed at reviving the country’s food production and distribution systems to resemble those of the 1980s.
The Dietary Guidelines Advisory Committee (DGAC) is responsible for reviewing current nutrition science and providing recommendations for the Dietary Guidelines for Americans, which are updated every five years.