Last week, the U.S. Department of Agriculture (USDA) released their December World Agricultural Supply & Demand Estimates (WASDE) report, which shows most U.S. grain and oilseeds estimates were unchanged from the previous month. Citing slow sales and shipments through early December and competition from other exporters, the USDA lowered corn exports for the 2022/23 marketing year by 75 million bushels resulting in an …
Beef Agreement between U.S., Japan Officially Set for January 1, 2023
U.S. Trade Rep Katherine Tai and Japan’s Ambassador to the U.S. confirmed that amendments to the beef safeguard trigger level under the U.S.-Japan Trade Agreement will trigger on January 1, 2023. The letters confirmed both countries completed their procedures to put the protocol in place. “The new beef safeguard agreement will ensure that America’s farmers and ranchers can continue to …
Grain Trade Could Be Fairly Active
The grain trade could be fairly active over the next few days. Mark Oppold explains why analysts feel this is a possibility.
Russia Making Moves with Nitrogen Fertilizer
Reports note that Russia is making some moves when it comes to nitrogen fertilizer. Mark Oppold has more details on that, along with an update on crude futures.
U.S. Live Holiday Plant Imports Growing
The U.S. is importing more live holiday plants. That’s coming up on This Land of Ours. Christmas trees and poinsettias are iconic symbols of the holiday season. While the vast majority are grown in the United States for domestic use, a small share of both plants comes from Canada, according to USDA’s Economic Research Service. Trade is highly seasonal, with …
Concerns with China
There are a lot of things taking place in the country of China at this time, something Mark Oppold notes is a real concern for many traders.
Cotton is Under Pressure
When it comes to trading and export issues, cotton is under a lot of pressure right now. Mark Oppold has more details about what is causing this pressure.
USDA Kicks Off Spain Trade Mission Delegation
The USDA kicks off its trade mission in Spain. That’s coming up on This Land of Ours. The Department of Agriculture’s Foreign Agricultural Service Associate Administrator Clay Hamilton arrived Monday in Madrid to launch a USDA agribusiness trade mission to Spain. More than 70 participants, representing various sectors of U.S. food and agriculture, including businesses, trade associations, and state government, …
Black Sea Grain Deal Extended
The Black Sea Grain deal, a global food lifeline and key for world fertilizer supplies is being extended for several more months. The grain initiative was set to expire last weekend in what could have been another tragic consequence of Russia’s war against Ukraine, risking starvation in much of the developing world. At an APEC summit in Thailand, Secretary of …
Watching Markets before the Holiday Break
We told you yesterday that markets have been seeing some wild swings as of late, and how some traders are closely watching the grain and livestock trade. Mark Oppold notes this is especially true heading into the Thanksgiving break.