While there may not have been a ton of news and information to come from the February crop production, supply and demand forecasts, there were a few nuggets of data mixed in. USDA chief economist Seth Meyer said one of the biggest take aways has to do with this month's beef production and price forecast.
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January is one month where the USDA's crop production forecast takes a back seat in the Department’s crop supply demand reports. And the first one out of the gate this year is the grain and rice stock estimates.
Reports have major grades down in stocks year over year. Corn and all wheat...
NASS announced Tuesday the agency will review all available acreage data for select crops. The agency said it will review planted and harvested acreage for chickpeas, corn, cotton, dry edible peas, lentils, peanuts, rice, sorghum, soybeans, and sugarbeets, in preparation for the September Crop Production report. The rev...
China’s record heatwave is beginning to disappear, and farmers are assessing the damage caused by the lengthy dry spell. Reuters said the Chinese government is urging its producers to replant or switch crops where they can. Over 70 days of extreme temperatures and low rainfall have hit the country’s crops hard. Rain is forecast ov...
McDonald’s says it will test the “McPlant” burger in restaurants next month. The chain developed the burger in partnership with Beyond Meats. CNBC says it’s the latest step in McDonald’s cautious approach to adding plant-based meat to its menu. The company took its time le
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A World Trade Organization dispute settlement panel found that China has administered its tariff-rate quotas (TRQs) for wheat, corn, and rice, inconsistently with its WTO commitments. The way China runs its TRQ administration isn’t transparent, not predictable, not fair, and it ultimately prevents TRQs from filling. In turn,...
Trade and agriculture officials from the United States announced Wednesday a Word Trade Organization counter notification on India’s market price support for wheat and rice. The notification, filed May 4, is the first ever of its type under the WTO Agreement on Agriculture regarding measures by another country.
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