corn

A tough budget environment and expected falling crop prices will make it even more challenging to write the next Farm Bill.  Senate Ag Republican Chief Economist John Newton said producers are facing soaring input costs, an unrealistic farm safety net and gloomy Congressional Budget Office crop projections.   “...

The United States has asked Mexico to start the process of more formally resolving a long-running dispute over Mexico’s planned import ban of GMO corn.  The U.S. Trade Representative’s Office asked Mexico for technical talks under the USMCA trade deal that could lead to more formal dispute settlement talks on the planned GMO corn ban.   “This is a s...

USDA’s March crop production reports and supply and demand estimates showed minor changes this week.  The U.S. orange production forecast rose slightly month over month, yet will still be down 25% year over year.    Turning to domestic commodity balance sheets, an upward adjustment in ending stocks for corn led to a decrease of 10 cents to the season ending average price, now at $6.60 a bushel. 

On Monday, the U.S. Trade Representative’s Office requested technical consultations with the Government of Mexico under USMCA.  The consultations, as part of the USMCA Sanitary and Phytosanitary Measures Chapter, are aimed at Mexico’s ban on genetically modified corn.   “The United ...

New data from USDA’s Economic Research Service shows that between fiscal years 2018 and 2022, Mexico accounted for nearly 14% of all U.S. agricultural exports.  With a total value of $28 billion, Mexico is projected to be the United States’ second largest destination for U.S. agricultural expor...

It’s been just a little over a year since Russian tanks rolled into Ukraine and started a war that many thought would only last days or weeks—but has lasted now for 12 months.   "Quite honestly I would not be surprised 12 months from now if we're still talking about it," noted Karl Setzer, Commodity Risk Analyst with AgriVisor.  When the Russian in...

Farmers are adopting precision technologies at different rates.  A USDA report says the largest farms are adopting auto-steer guidance technology at significantly higher rates.  After sorting farms into five equally-sized groups, the agency found that among farmers who were growing corn in 2016, 73% of farms in the largest category adopted guidance at the highest rates.   The rates ...

American agricultural exports in fiscal year 2023 are projected at $184.5 billion, down $5.5 billion from the November forecast.  The export forecasts for all major commodity groups are down, with the largest drops projected for corn, sorghum, and soybeans.  Corn ex...

A new report from USDA's Economic Research Service suggests ethanol demand may decline with the rise of electric vehicles.  The Global Demand for Fuel Ethanol Through 2030 report suggests that global gasoline demand is expected to stagnate over the next decade, leaving changes in blend rates as the main determinant for future changes in fuel ethanol demand. ...

Doug McKalip, the new agriculture trade boss in the U.S. Trade Representative’s Office, has given Mexico until Tuesday, February 14th, to explain the science behind the country’s planned ban on GMO corn imports.  Market Screener said the response will help the agency decide the next steps to resolve the long-running disagreement over Mexico’s biotechnology policies when it comes to agriculture.  T