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Shining Light on Farm & Food Policy for 20 Years.
Saturday, April 20, 2024
The Department of Agriculture says the investments in the Partnerships for Climate-Smart Commodities program will pay off in the form of data on a broad range of conservation practices.
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 Department of Agriculture Wednesday lowered its estimates for soybean yields, production and exports for the 2022-23 marketing year while acknowledging that Brazil will likely have a much larger harvest early next year.
The forecast for U.S. wheat production got a boost Tuesday with bigger estimates for spring and durum, but global supplies are expected to remain at their lowest level since the 2016-17 marketing year, according to USDA's latest World Agricultural Supply and Demand Estimates report.
The USDA said Friday bumped up its forecast for U.S. soybean exports and dropped its prediction for ending stocks as Chinese demand remains strong and competition from Brazil is less than expected.
The USDA announced Monday that China purchased more than 1 million metric tons of U.S. corn, adding to the buying spree from tight U.S. stocks as the Russian invasion continues to hobble Ukrainian exports.
