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Balanced Reporting. Trusted Insights.
Saturday, September 18, 2021
Farmers' financial earnings are expected to increase this year, but fewer government payments and increased production costs will likely offset higher cash receipts, USDA's Economic Research Service said Thursday in its Farm Sector Income forecast.
The nation’s sugar cane crop likely took the biggest beating of any farm commodity from Hurricane Ida as it barreled northeast through Louisiana and Mississippi over the weekend and into Monday, but some cotton, rice, and soybean acres may have seen damage too.
Public protests in communist Cuba are rare, so when people recently took to the streets to demonstrate in protest against the government, the world took notice and America’s ag sector is still weighing the implications for trade between the two countries.
Some of the largest and most influential American farm groups are uniting to make their voices heard on reforming trade rules of the World Trade Organization as the institution prepares for its upcoming 12th Ministerial Conference.
Old crop corn and soybean ending stocks stayed steady in the Department of Agriculture's latest World Agricultural Supply and Demand Estimates report released Monday.
Farmers are expected to plant more corn, soybeans, and wheat acres than last year, but official estimates from a USDA report released Wednesday came in below trade expectations, which sent futures prices soaring.
The U.S. and European Union remain at odds over major trade issues, but leaders announced a new age of cooperation Tuesday, and U.S. farmers stand to benefit if leaders can follow through on the goodwill expressed in Brussels this week.
The U.S. and European Union reached an agreement Tuesday to bring an end to the long-running dispute over aircraft subsidies as well as a five-year suspension of retaliatory tariffs that impact agricultural trade.
Most of the iconic trading pits at the Chicago Mercantile Exchange, where traders would buy and sell corn, wheat, soybean and other future contracts with elaborate hand gestures, will close permanently, according to a CME Group announcement.
U.S. Trade Representative Katherine Tai has described the upcoming meeting with her Mexican and Canadian counterparts as a friendly-sounding “annual get-together,” but it’s also expected to be a showdown over contentious issues that have put the three countries at odds.
