PRO FARMER
The U.S. exported $15.50 billion of agricultural goods in December against imports of $15.66 billion.
USDA will begin issuing final Emergency Relief Program (ERP) payments totaling approximately $306 million to eligible commodity and specialty crop producers who incurred losses due to natural disasters in 2020 and 2021.
A bipartisan border deal and foreign aid package is likely to fail in the Senate this week due to strong opposition from former President Trump and leading House Republicans.
Former President Donald Trump hinted at imposing tariffs on Chinese goods exceeding 60% if re-elected, signaling a more aggressive stance towards China, which is the primary supplier of goods to the United States.
The Biden administration is taking aim at grocery chains, suggesting they lower prices as their costs decline.
A recap of this week’s price action plus market outlook broken down into 5, 30 and 90 day segments.
Corn-for-ethanol use totaled 481.7 million bu. during December, 3.3 million bu. above the average pre-report estimate.
The FAIR Labels Act introduces specific definitions for “imitation meat” and “imitation poultry” for plant-based meat alternatives.
The rollback of restrictions on Venezuela’s oil industry is now at risk of expiring due to the recent Venezuelan court ruling and the arrest of several opposition members.
At least three cargoes of Brazilian soybeans were traded on Friday to a U.S. East Coast crusher.