Reuters writer Mark Weinraub reported late last week that, “U.S. corn and soybean supplies will be smaller than previously forecast, as adverse weather reduced the acreage that farmers will harvest, the U.S. government said on Friday. Soybean stocks were pegged at a five-year low, with rising exports eating into the stockpile, according to the U.S. Agriculture Department’s […]
U.S. agricultural producers became more optimistic again in September as the Purdue University-CME Group Ag Economy Barometer climbed to 156, the highest reading for the index since the pandemic began last winter and 12 points higher than one-month earlier. The index is up 38 points since July and is 60 points higher than its 2020 low established […]
Reuters News reported this week that, “One more case of African swine fever (ASF) has been confirmed in a wild boar in the eastern German state of Brandenburg, Germany’s federal agriculture ministry said on Wednesday. The discovery brings the total number of confirmed cases to 50 since the first one on Sept. 10. All were in […]
Corn and soybean prices declined throughout much of the first half of 2020, with low prices persisting into early August. Since August, both corn and soybean prices have increased. Overall, commodity price movements have increased the relative profitability of soybeans to corn in 2020, continuing a string of years since 2013, in which soybeans have […]
A recent report from USDA’s Foreign Agricultural Service (FAS), “China: Evolving Demand in the World’s Largest Agricultural Import Market,” stated that, “As part of the Phase One Agreement, China has committed to purchase $12.5 billion more agricultural and related products from the United States over 2017 levels. “After a slow start in the first quarter, U.S. agricultural exports to […]
We compared projected state yields made available in the September Crop Production report to trend yields estimated with forty years of historical data. State corn yields are projected to be above-trend for most Midwest states in the Corn Belt, except for Iowa, Ohio, and Nebraska. Soybean yields also are projected above trend for all Midwest states except for Iowa. […]
The USDA’s September Hogs and Pigs report places the September 1 inventory of all hogs and pigs at 79.1 million head, a record for this quarter, up just 0.7% from last year and slightly above the average pre-report estimate of 0.3% higher but still within the expected range. While down 0.7% from last quarter, the record for […]
Reuters writers Hallie Gu and Dominique Patton reported late last week that, “China’s August imports of soybeans from Brazil rose 22% from a year ago, customs data showed on Friday, as buyers increased their purchases to take advantage of higher margins earlier this year. “China, the world’s top buyer of soybeans, brought in 8.15 million tonnes […]
David Lerman and Jennifer Shutt reported on Tuesday night at Roll Call Online that, “The House swiftly passed a stopgap funding measure needed to avert a partial government shutdown in eight days after top congressional leaders reached a deal resolving a fight over farm payments. https://platform.twitter.com/embed/index.html?creatorScreenName=farmpolicy&dnt=false&embedId=twitter-widget-0&frame=false&hideCard=false&hideThread=false&id=1308594993179824128&lang=en&origin=https%3A%2F%2Ffarmpolicynews.illinois.edu%2F2020%2F09%2Fafter-resolving-a-fight-over-farm-payments-house-passes-continuing-resolution%2F&partner=tfwp&siteScreenName=farmpolicy&theme=light&widgetsVersion=219d021%3A1598982042171&width=550px “On a lopsided vote of 359-57, the House sent to the Senate […]
Wall Street Journal writers Kristina Peterson and Jesse Newman reported in Tuesday’s paper that, “The House was expected to move Tuesday to pass a spending bill that would keep the government running through Dec. 11 but without farm-aid funds sought by the White House. “The bill, introduced Monday by House Democrats, sparked frustration in the GOP-controlled Senate. Partisan tension […]