The continuing decline in wheat, corn and soybean prices is good news for the world’s consumers, but it is very bad news for the world’s producers. Hardly a day has gone by recently without a reminder that world crop production prospects for 2019 are much better than last year. World consumption of virtually every agricultural crop continues to set records every year. Annual soybean consumption increases have been especially significant, led of course by China.
The assumption a year ago was that Chinese soybean imports would exceed 100 MMT this marketing year. The latest USDA estimate is significantly lower at 88 MMT, but that could still be too large as the African swine fever (ASF) problem is worsening instead of improving...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
