PRO FARMER
After a sharp increase in the food price outlook last month, USDA trimmed its forecast this month.
Costs are the main obstacle to increasing the use of sustainable aviation fuel (SAF), Exxon Mobil Senior Vice President Jack Willams said Friday.
A recap of the week’s price action with outlook for the next 5, 30 and 90 days.
The House Ag Committee held a hearing on Wednesday addressing concerns about China’s purchases of U.S. farmland, with both Democrats and Republicans expressing worry about potential threats to national security.
A bipartisan group of House lawmakers is urging the Biden administration to address new trade restrictions impacting U.S. biofuel exports.
The U.S. ag sector is seeking over $900 million in aid to regain overseas markets lost to competitors like Brazil and Russia.
Bottom line: The report concludes that although globalization is evolving, the relationship between the U.S. and Europe remains resilient and vital.
Baseline projections for 2024 from the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri suggest downward pressure on prices could continue throughout 2024 and beyond.
A congressional hearing scheduled for Wednesday will delve into the perceived threat posed by China to the U.S. agriculture industry, particularly concerning the increasing foreign ownership of American farmland.
Members of the National Oilseed Processors Association (NOPA) crushed 186.2 million bu. of soybeans during February – by far the most ever for the month.