PRO FARMER
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%.
Crop insurance costs are estimated to rise by 29% to nearly $125 billion for the decade ending in 2033.
The Rosario Grain Exchange said 100,000 hectares of soybeans in Argentina’s core production area were lost due to “irreversible stress symptoms” after extreme heat that lasted two weeks.
The Congressional Budget Office (CBO) last week released a new baseline for USDA mandatory funded programs,
The consumer price index (CPI) rose 0.2% in December instead of 0.3% as reported last month, the revisions of the CPI data published by the Labor Department showed.
March cotton surged 268 points to 91.78 cents and notched a 467-point gain on the week.
USDA’s initial forecast calls for net farm income to plunge $39.8 million (25.5%) to $116.1 billion in 2024.