China made another massive purchase of U.S. corn Friday, pushing the total commitments by Chinese importers this week to about 5.5 million metric tons and sparking new optimism that U.S. exports could break a record for the 2020-21 marketing year.
Floyd Gaibler passed away Thursday afternoon, leaving behind a rich history of passionate defense for American farmers during his career at the USDA, U.S. Grains Council, International Dairy Foods Association, the Lesher and Russell consulting firm and elsewhere.
Congress faces a midnight deadline to keep the government funded. As of Thursday evening, it wasn’t clear whether lawmakers would be asked to pass a very short-term stopgap spending bill to provide the time they need to pass a massive bill that would include both government funding for fiscal 2021 as well as a big new COVID aid package.
U.S. agriculture exports are going to be stronger than first expected in fiscal year 2021 and should eclipse 2020, according to a new USDA forecast that raised sales estimates for soybeans, sorghum, corn and wheat.
The quick pace of U.S. soybean and corn sales – particularly to China - is one of the biggest factors behind a new USDA forecast that shows U.S. ag exports rising to $140.5 billion in fiscal year 2021, which starts Oct. 1.
August is shaping up to be a good month for U.S. sorghum sales to China. The latest data out of USDA’s Foreign Agricultural Service shows Chinese companies contracted to buy 696,300 metric tons of the grain in the first week of the month.