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Latest News Summary

2020 U.S. Ag Exports Second Highest on Record, Led by Soybeans, Corn and Pork to China

This week, the USDA’s Foreign Agricultural Service (FAS) released its 2020 U.S. Agricultural Export Yearbook, a statistical summary of U.S. agricultural commodity exports.  Today’s update includes highlights from the report, with a focus on soybeans, corn and pork.

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Recent News Summaries

Some Farmers Reluctant About Administration’s Climate Plans for Carbon Reduction

Last week, Politico writers Zack Colman, Liz Crampton and Helena Bottemiller Evich reported that, “The Biden administration’s ambitious plan to create a multibillion-dollar bank to help pay farmers to capture carbon from the atmosphere is running into surprising skepticism, challenging…

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China: African Swine Fever Issues Persist, While U.S. Tariffs Set to Remain For Now

Reuters writer Dominique Patton reported late last week that, “A wave of African swine fever outbreaks this year has wiped out at least 20% of the breeding herd in northern China, industry sources and analysts said, exceeding expected losses and…

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Gasoline Sales Provide Lift for Ethanol- Corn; While Higher Prices are Impacting Farmland Values

Reuters writer Stephanie Kelly reported this week that, “U.S. gasoline sales for 2021 have exceeded prior-year levels for the first time since last March, when officials first started to widely impose coronavirus lockdowns, according to a report on Tuesday from…

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Observers Watching ASF in China, Herd Size a Variable Impacting Demand for Feed and Pork

Reuters News reported last week that, “China reported an outbreak of African swine fever in Xinjiang region, the agriculture ministry said on Wednesday.”

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Suez Canal Blockage- Grain, Livestock Impacts Noted

Last week, New York Times writers Vivian Yee and Peter S. Goodman reported that, “Trying to convey the sheer scale of the nearly quarter-mile-long container ship that has been stuck in the Suez Canal since Tuesday evening, some news outlets compared…

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USDA Announces “Pandemic Assistance for Producers,” New CFAP Aid

Bloomberg’s Mike Dorning reported on Wednesday that, “The Biden administration announced $12 billion in new farm aid, and said it will seek to expand Covid assistance to producers that weren’t covered under the Trump administration’s pandemic relief programs.”

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