China removed the import duties on U.S. sorghum last week, and that gave the corn market a real lift. It has been importing U.S. sorghum since the flap over the unapproved Syngenta corn hybrid started several years ago. While the removal of these duties was important to the market from a psychological standpoint, there should not be too much read into it from a purely fundamental standpoint for the following reasons:
The U.S. sorghum crop is very small. Production totaled 364 million bushels (9.2 MMT) in 2017 and is forecast at 343 million bushels (8.7 MMT) this year compared with corn production of 335 MMT. U.S. sorghum export sales to China for this marketing year total 4.5 MMT with 4.3 MMT of that already shipped. Nevertheless, China...
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...
