PRO FARMER
Includes $24 billion for USDA and $40 billion for FEMA.
Morgan Stanley downgraded China to slight “underweight” from “equal weight” in emerging markets, with analysts noting efforts to revive the economy and a Republican sweep of Congress and the White House could significantly impact markets.
North Dakota regulators on Friday approved Summit Carbon Solutions’ application for a permit to run a section of its carbon dioxide pipeline through the state and store the captured greenhouse gas underground.
Ontario Premier Doug Ford has called for Canada to negotiate a bilateral trade agreement with the U.S. unless Mexico aligns with North American partners on tariffs for Chinese imports.
While some atmospheric factors have displayed La Niña-like signals, ENSO-neutral conditions persist, according to the Australian Bureau of Meteorology.
We recap this week’s price action and provide outlook for the next 5, 30 and 90 day segments.
USDA’s 10-year baseline projections are based on data as of October and assume no policy changes. USDA’s initial assumptions for 2025-26...
Chinese President Xi Jinping would much prefer to avoid a tariff battle that risks proving much more devastating than the first round.
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.
From January through September, Mato Grosso imported 4.51 MMT of fertilizers, a 4.8% decline from the same period last year.
Dr. Vince Malanga, president of LaSalle Economics, acknowledges the challenges ahead, noting that inflation has been trending lower throughout the year due to various factors.
The International Monetary Fund (IMF) warned that wars, trade tensions, high debt and low growth threaten to prolong a lackluster economic era.
This represents the first-ever large-scale alcohol-to-jet project to receive such a commitment from DOE and aligns with the growing demand for sustainable aviation fuel (SAF) and the aviation industry’s efforts to reduce its carbon footprint.
He emphasized his plans for dramatic tariff increases and closer consultation with the Federal Reserve, asserting these measures would lead to substantial economic growth.
The research underscores the importance of thoughtful consideration regarding the impacts of tariffs and tariff retaliation on U.S. farms and rural communities, as the potential consequences could be far-reaching and long-lasting.
One reason for the continuation of the tariffs “is we really haven’t seen the PRC make any changes to its fundamental systemic structural policies that would make sense for us to provide any relaxation,” she said.
Beef production is now forecast to increase marginally from year-ago and rise another 4.1% next year.
We recap this week’s price action and provide outlook for the next 5, 30 and 90 day segments.
The Kansas City Federal Reserve’s latest Ag Finance Update showed farm debt has risen, but delinquencies are low.
Exports of Canadian grain for the first month of the 2024-25 marketing year were off to a good start with data from the Canadian Grain Commission showing increases for several crops.
The Amazon region of northern Brazil continues to suffer under the worst drought in 120 years, resulting in the lowest water level at the Port of Manaus in 122 years.