Traders

Traders Digesting Crop Report

Dan Commodities, Economy, Exports/Imports, Trade

Traders are digesting a big report as trading is about to wrap up another week. MarkĀ Oppold looks at what they have ahead of them. Sponsored ContentNuseed Carinata Covers New GroundAugust 29, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

tracking

Tracking Francine and Crop Report

Dan Commodities, Energy, Exports/Imports, Trade, Weather

Agricultural and energy traders are busy tracking the remnants of Hurricane Francine and also waiting on todayā€™s crop report. MarkĀ Oppold has more details. Sponsored ContentNuseed Carinata Covers New GroundAugust 29, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

exports

U.S. Ag Exports Still Trailing Last Year

Dan Agri-Business, Exports/Imports, This Land of Ours, Trade

U.S. ag exports continue to trail behind last yearā€™s numbers. Thatā€™s coming up on This Land of Ours. U.S. agricultural exports are still trailing last year. Gary Crawford reports. Sponsored ContentNuseed Carinata Covers New GroundAugust 29, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

Soybean Export Sales

Soybean Export Sales Drop Sharply, but Rebound Coming

Dan Economy, Exports/Imports, Field Crops, Soybeans

Global demand for U.S. soybeans has fallen sharply as international buyers remain discouraged by the strong dollar, slowing economic growth, and uncertainty over the direction of U.S. trade policy in an election year.  Export sales of new-crop soybeans are historically low as the 2024-2025 marketing year begins on September 1. A new report says tailwinds could emerge to rejuvenate demand …

trade deficit

USDA Forecasts an Increasing Trade Deficit in 2025

Dan Exports/Imports, Trade

The USDA forecasted the agricultural trade deficit to increase sharply to a record $42.5 billion in the coming fiscal year. That compares to $30.5 billion this fiscal year, which ends September 30. The widening trade gap, a source of frustration for many farmers and ag-state lawmakers, reflects an expected $8 billion increase in agricultural imports in fiscal year 2025 to …

exports

Trade Caucus Update

Dan Agri-Business, Exports/Imports, Legislative, Trade

A congressional caucus continues working to improve trade for U.S. agriculture. The bipartisan Congressional Agricultural Trade Caucus launched earlier this year and works to solidify support for trade policies that benefit all those along the food and agricultural supply chains. Co-Chair Nebraska Republican Representative Adrian Smith highlights work of the Caucus. ā€œWe have been promoting the aspects of why trade …

Imports of Animal Fats and Processed Oils Have Skyrocketed

Dan Exports/Imports

U.S. imports of animal fats, greases, and processed oils, including used cooking oil, skyrocketed to almost five billion pounds in 2023 from 2.2 billion pounds in 2022.  The surge in imports has been driven by rising domestic production of biomass-based diesel ā€“ fuels derived from animal fats and vegetable oils ā€“ to meet U.S federal and state policies aimed at …

Easing Trade Obstacles with Colombia Through Seminar

Will Jordan Exports/Imports, National Pork Board (NPB), Trade, U.S. Meat Export FederationĀ (USMEF)

With support from the National Pork Board and the Beef Checkoff Program, U.S. Meat Export Federation (USMEF) recently joined USDA staff in meetings with Colombian officials designed to build a better understanding of the industry both in the U.S. and Colombia. The seminar was born out of a string of challenges that have popped up for exporters sending U.S. red …

covid

COVID Shipping Problems Remain

Dan Exports/Imports, Trade

Though the global COVID pandemic officially ended more than a year ago, many of the issues we saw during that time remain, especially when it comes to agricultural shipping. Supply chain issues have persisted since COVID, and Tiffany ComprĆ©s, a partner at Pierson Ferdinand law firm with experience in agricultural shipping, believes the next few months will be tight. ā€œBut …