FAPRI Baseline Update- U.S. Farm Income and Government Costs in Focus
The Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri released its latest baseline update for U.S. farm income and government costs on Monday.
Impact of Summer Heat on U.S. Crops Debated, as Black Sea Export Issues Persist
Dow Jones writer Kirk Maltais reported on Friday that, "The effect of scorching heat on maturing U.S. crops is driving the price debate in grain markets, with trading volume of…
Global Food Prices Decline in August- Lowest in Two Years, But Rice at 15-Year High
Bloomberg writer Agnieszka de Sousa reported today that, "Global food prices resumed declines to the lowest in more than two years amid ample supplies of cooking oils and dairy, even…
Federal Reserve: Observations on the Ag Economy- August 2023
On Wednesday, the Federal Reserve Board released its August 2023 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining…
U.S. Corn, Soybeans Good-to-Excellent- “Lowest For This Time of Year Since 2012”
Reuters News reported today that, "Chicago soybean futures rose on Wednesday, recouping the last session’s losses, after a weekly U.S. report showed that crop conditions had deteriorated more than expected…
FAPRI Baseline Update- Grain and Soybean Variables in Focus
The Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri released its latest baseline update for U.S. agricultural markets on Tuesday.
2023 Farm Sector Income Forecast, August
The USDA’s Economic Research Service (ERS) indicated on Thursday that, "Farm sector income is forecast to fall in 2023 after reaching record highs in 2022. Net farm income, a broad…
Mississippi River Barge Freight Rates Climb on Lower Water Levels
Bloomberg writer Tarso Veloso Ribeiro reported yesterday that, "The cost to transport America’s harvest from the Midwest to the rest of the world is soaring as shrinking water levels on…
EPA Amends “Waters of the U.S.” Rule to Conform With Supreme Court Decision
DTN writer Todd Neeley reported yesterday that, "The EPA removed the term 'significant nexus' from the waters of the U.S. (WOTUS) rule in a final revision announced by the agency…
U.S. Corn, Soybean Conditions Slightly Lower; El Niño Weather Variables, and Danube River Transport in Focus
Reuters writer Julie Ingwersen reported yesterday that, "Weekly condition ratings for the U.S. soybean and corn crops declined in the past week after a spell of sweltering heat in the…
Logistical Breakthroughs Boost Brazil Corn Export Competitiveness, While China GMO Trials Show “Outstanding” Results
Reuters writer Ana Mano reported yesterday that, "Brazil is set to overtake the U.S. this year as the world's top corn exporter, reflecting both a bumper harvest and logistical breakthroughs…
U.S. Corn Ratings Decline, Soybeans Steady, While Spring Wheat Conditions Drop
Reuters writer Mark Weinraub reported yesterday that, "The condition of the U.S. spring wheat crop dropped in the latest week, the government said on Monday, as forecasts for hot and…
Kansas City Fed: Farmland Values Remain Strong, as Interest Rates Climb and Farm Income Tempers
In a recent update from the Federal Reserve Bank of Kansas City ("Farmland Values Stay Resilient as Farm Economy Moderates"), Francisco Scott and Ty Kreitman indicated that, "Strength in farm…
ERS: “Recent Trends in the Cage-Free Egg Layer Inventory”
In its monthly Livestock, Dairy, and Poultry Outlook report yesterday, the USDA's Economic Research Service (ERS) indicated that, "According to the USDA, Monthly Cage-Free Shell Egg Report, the cage-free table…
Reduced Corn and Soybean Harvests Expected, But If Realized, “Corn Would Still Be the Second Biggest on Record”
Reuters writer Mark Weinraub reported on Friday that, "U.S. corn and soybean harvests will be smaller than previously expected as dry conditions early in the growing season robbed the crops…
Federal Reserve Ag Credit Surveys- 2023 Second Quarter
Yesterday, the Federal Reserve Banks of Chicago and Kansas City released updates regarding farm income, farmland values and agricultural credit conditions from the second quarter of 2023. The Federal Reserve…
July Rains: U.S. Corn Harvest Could Be “Second-Largest on Record,” as Black Sea Export Issues Persist
Reuters writer Mark Weinraub reported yesterday that, "The U.S. corn harvest could be the second-largest on record as rains during July shepherded the crop through its critical development phase, offsetting…
U.S. Corn, Soybean Conditions Climb Two Percentage Points Each
DTN Managing Editor Anthony Greder reported yesterday that, "Beneficial widespread rains this past weekend and a break from the extreme heat across much of the country helped corn and soybean…
U.S. Cropland Value Averaged $5,460 in 2023, Up 8.1 Percent From 2022
In its annual Agricultural Land Values report on Friday, the USDA's National Agricultural Statistics Service (NASS) indicated that, "The United States farm real estate value, a measurement of the value…
Global Food Prices Climb Slightly in July
Bloomberg writer Megan Durisin reported on Friday that, "Global food prices rose for the first time in three months, as trade disruptions from India to the Black Sea and extreme…