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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, April 17, 2024
Traders saw very few if any surprises in USDA’s World Agriculture Supply and Demand Report released Friday and will eye weather as the next potential market mover.
The U.S. on Thursday won a key victory at the World Trade Organization to compel China to stop propping up its wheat and rice farmers by maintaining artificially high prices.
The island nation of Haiti, rocked by recent violent protests over allegations of corruption, inflation and a flailing economy, needs cheap food, and the country is reaching out to U.S. rice farmers and millers for help.
USDA economists expect farmers to increase plantings of corn this spring while reducing their soybean production as the Trump administration's ongoing trade war with China remains unsettled. Record amounts of meat and milk production are projected.
China needs rice imports, U.S. farmers are anxious to sell more rice and it might not be long before the countries are doing business after more than 20 years of haggling over details of opening up trade.
China is technically open to U.S. rice now – the Chinese ban was lifted Friday - but trade can’t begin flowing yet thanks to bureaucratic steps that remain unfinished, according to U.S. industry officials.
Rice millers and farmers from Central America and the Dominican Republic are making an urgent plea to their U.S. counterparts: Help stop the reduction in tariffs on U.S. rice.
U.S. negotiators are getting frustrated with South Korea's continued refusal to allow in more products from American farmers, including rice and apples.