Articles tagged under: USDA
June WASDE Report Had Little Market Impact
Published June 14, 2021
In the June World Agriculture Supply and Demand Estimates report, the USDA lowered the old crop U.S. corn carryout by 150 million bushels on increased ethanol and export demand in the June supply and demand report. USDA made no change…A Slight Surprise for Grain Traders
Published June 13, 2021
USDA raised soybean ending stocks and lowered corn ending stock a little more than the grain trade was expecting last week. Global Commodity Analytics and Consulting President Mike Zuzolo thinks global supply fundamentals are in play for the grain market.…USDA Lowers Global Wheat and Corn Ending Stocks
Published June 13, 2021
The USDA lowered world old crop corn ending stocks three million metric tons from the May report to 280.6 million tonnes, raised soybean ending stocks to 88 million tonnes and lowered wheat ending stocks about one million tonnes to 293.5…Learning How to Deal with Market Volatility
Published June 13, 2021
Total Farm Marketing Senior Market Advisor Naomi Blohm thinks traders were unsure how to deal with the increased soybean carryout in USDA’s June Supply and Demand report. “Plus, producers in North Dakota are still fighting drought and the rest of…USDA’s June Acreage Report Top-of-Mind
Published June 13, 2021
The June USDA Supply and Demand report did not have much for the grain trade. AgriSompo North America market analyst Sterling Smith says all eyes will be on the acreage numbers coming out on June 30. The crop progress and…USDA Invests in Food Supply Chain Updates
Published June 8, 2021
The USDA is investing more than $4 billion to address food supply chain needs through the Build Back Better Initiative. The USDA will focus on four areas: food production, processing, distribution and markets and consumers. Increased transparency and competition within…Meet the New USDA Deputy Ag Secretary Jewel Bronaugh
Published June 3, 2021
In the three weeks USDA Deputy Ag Secretary Jewel Bronaugh’s been on the job, the USDA continues to focus on COVID recovery. USDA has started to make payments to socially disadvantaged borrowers under the American Rescue Plan, authorizing the Farm…Budget Proposal Gets Mixed Responses from the Senate
Published May 30, 2021
President Biden’s budget proposal is getting a mixed response from the Senate. Ag Appropriations Subcommittee Ranking Member and North Dakota Senator John Hoeven said the $6 trillion budget proposal is more unrestrained spending and big government. Hoeven said the tax…President Biden Releases FY 2022 Budget Proposal
Published May 30, 2021
The White House released the details of President Biden’s $6 trillion Fiscal Year 2022 budget on Friday. There's a major funding boost for the USDA, an increase of nine percent compared to the previous year at $29.9 billion. Included in…