Trade

China braces for continued superpower rivalry regardless of the U.S. election outcome.

Mexico came in with another big buy of U.S. corn on Friday. USDA reported a sale of 781,322 metric tons of corn for delivery to Mexico.

I believe in the power of flowers, and that means I also believe in the power of trade, sustainability, and technology as fundamental bases of the agro-industry.

As agriculture faces multiple challenges, USDA’s latest net farm income forecast is masking the reality for farmers. While livestock margins have improved for 2024, high input costs and below breakeven prices for row crops means margins could be the worst in nearly 20 years.

A Virginia Tech report finds global agricultural productivity growth has slowed from 1.9% to 0.7% annually.

USDA forecasts agricultural exports at $173.5 billion and imports at a record $204 billion for a projected record trade deficit of $30.5 billion.

Union head vows to stay on strike ‘as long as necessary’ as the first strike since 1977 halts the flow of goods, ranging from bananas to beef, pork and poultry to industrial materials, leading to potential shortages and price hikes.

The group of terminal operators and ocean container lines said their new offer would increase wages by nearly 50%, triple employer contributions to union retirement plans, strengthen health care options, and retain the current language around automation and semi-automation.

In response to John Deere’s recent announcement about moving some of its production to Mexico, Trump expressed concern about the impact on American workers, stating, “It’s hurting our country. It’s hurting our workers.”

While bulk grain exports would be largely unaffected, the strike would impact containerized agricultural exports: Soybeans, soybean meal, and other agricultural products exported via containers would be affected.