Articles Tagged with ''corn''

History may be in the making now that USDA has raised its forecast for Brazilian corn exports to 50 million metric tons for the 2022-23 marketing year. That would push Brazil past the U.S., the long-established world leader in corn exports, which is expected to ship 48.9 million tons to foreign buyers.

The Agriculture Department is forecasting that net farm income will decline sharply this year on lower revenue from crops and livestock and higher production expenses. 

The Office of the U.S. Trade Representative Monday reinforced USDA's position that Mexico’s proposed restrictions on genetically modified corn would still break its commitments under the U.S.-Mexico-Canada Agreement, despite Mexican proposals to soften the rules.

USDA Secretary Tom Vilsack made it clear to reporters earlier this month that the U.S. is not satisfied with Mexico’s latest offer to compromise on its plan to restrict biotech corn imports, but the Biden administration has also sent that message to Mexico City as talks between the two countries continue, says Alexis Taylor, USDA’s undersecretary for trade and foreign agricultural affairs.

USDA on Thursday tightened its estimates for U.S. wheat, corn and soybean stocks more than analysts expected, bolstering futures prices.

There aren’t any compromises that the Biden administration is willing to make when it comes to Mexico’s effort to curtail its imports of genetically modified corn from the U.S., says Agriculture Secretary Tom Vilsack.