Markets Articles
Lula Trip to China Postponed
Published March 27, 2023
After being diagnosed with the flu, Brazilian President Lula has canceled this week’s trip to China. Brazil’s agriculture minister arrived in Beijing last week, but the signing of any trade agreements between the two countries has been postponed.Hog Markets Continues to Struggle
Published March 24, 2023
Steiner Consulting Economist Altin Kalo says the belly market has been burdened by too much supply. "We always talk about bacon and how important it is to this market and the big spike in belly and bacon prices last summer…Farm Futures Forecasts More Beans, Less Corn
Published March 24, 2023
According to a survey conducted by Farm Futures magazine, U.S. corn acreage will total 87.6 million acres. That’s down from 88.5 million one year ago. Soybean acreage is forecast at 89.6 million acres, up from 87.5 million in 2022. Spring…A Successful Trade Mission
Published March 24, 2023
USDA Undersecretary of Trade and Foreign Agricultural Affairs Alexis Taylor led a trade delegation to Panama this past week. "We're going to see really great new trading relationships that are bore out of our time here this week." Thirty ag companies and…PEI Potato Case Heard in Canadian Courts
Published March 24, 2023
The Canadian courts have reviewed the export restrictions of Prince Edward Island seed potatoes. In the fall of 2021, potato wart was found on the island which shut down the movement of all potatoes. Those restrictions ended nearly one year…Trade Enforcement Emphasized in Senate Hearing
Published March 24, 2023
U.S. Trade Representative Katherine Tai testified before the Senate Finance Committee Thursday, touting the Biden Administration’s trade agenda. That includes a new record in agricultural exports in 2022. Enforcement action, including efforts on dairy trade to Canada and biotech corn…China Agrees to Resume Brazilian Beef Imports
Published March 23, 2023
Sales of Brazilian beef were shut down a month ago after an atypical case of BSE was confirmed. China is Brazil’s leading beef export customer.Private Acreage Estimate Released
Published March 22, 2023
IHS Markit is out with the latest private estimate on crop acreage. Formerly known as Informa, IHS is forecasting corn acreage at 90.9 million and soybean acreage at 88.2 million. The corn estimate is up 400,000 acres from last month’s…Brazilian Production Offsets Argentine Crop Losses
Published March 22, 2023
AgroConsult expects Brazil to export a record 96 million tons of soybeans this year. Soybean production is estimated at 155 million metric tons, up 2 million metric tons from the last forecast. Meanwhile, South American crop consultant Michael Cordonnier is…