AgWeb’s Margy Eckelkamp and Tyne Morgan reported that, “for years, U.S. farmers have argued they face higher production costs than competitors such as Brazil while selling into the same global commodity market. A new analysis released Tuesday by the National Corn Growers Association (NCGA) suggests those concerns are well founded.” “The study, conducted by Kynetec […]
South America
US Imports of Brazilian Beef Surged in First Quarter
Brazilian beef exports to the U.S. are booming, according to monthly USDA trade data released Tuesday. Brazilian meat packers shipped $795 million in beef to the U.S. in the first three months of this year, up 21% from a year ago. Last year marked a record for Brazilian beef shipments to the U.S., topping $1.75 billion, up 39% from 2024.
U.S. to Quadruple Beef Imports from Argentina
President Donald Trump on Friday signed an executive order temporarily expanding the amount of beef the U.S. can import from Argentina, a move the White House says is aimed at lowering prices but that the nation’s largest cattle industry group disputes.
China Turning to Brazil Soybeans After Meeting US Purchase Pledge
China, the world’s largest soybean importer, has ramped up orders for Brazilian cargoes of the oilseed after meeting an initial shipment volume from the US as part of a trade truce with Washington.
Brazil Surpasses US as Top Global Beef Producer
Brazil surpassed the U.S. as the world’s top beef producer last year, according to market estimates, after the South American country beat output forecasts by hundreds of thousands of tons, easing a global supply squeeze and helping limit a surge in meat prices.
China Buys Brazil Soy as US Crop Still Faces 13% Tariff
China will suspend retaliatory tariffs on U.S. imports, including duties on farm goods, after last week’s meeting of the two countries’ leaders, Beijing confirmed on Wednesday, but imports of U.S. soybeans still face a 13% tariff.
Trump, Cattle Ranchers Beefing over Planned Quadrupling of Argentine Imports
President Donald Trump attacked US cattle ranchers over their criticism of his plan to slash record beef prices by importing significantly more tariff-free meat from Argentina, deepening a quarrel with a group of reliable supporters and raising concerns among ranch-state Republican lawmakers.
Trump Suggests U.S. Will Buy Argentina Beef to Lower Prices
President Donald Trump said Sunday that the United States could purchase Argentinian beef in an attempt to bring down prices for American consumers. ‘We would buy some beef from Argentina,’ he told reporters aboard Air Force One during a flight from Florida to Washington. ‘If we do that, that will bring our beef prices down.’
Soybean Producers Frustrated Over US Support for Argentina
Treasury Secretary Scott Bessent said Wednesday that the U.S. will offer financial support to Argentina to prop up its ailing economy, prompting frustration from soybean producers, for whom Argentina is a key competitor.
China’s Soybean Buyers Turn to Argentina, Continue Shunning US
Chinese buyers booked at least 10 cargoes of Argentine soybeans after Buenos Aires on Monday scrapped grain export taxes, three traders said on Tuesday, dealing another setback to U.S. farmers already shut out of their top market and hit by low prices.
U.S. Tariffs Reshaping Global Ag Trade Flows
The imposition of U.S. tariffs and new U.S. trade deals with countries across the globe are expected to reshape global agricultural trade flows — on products ranging from beef to grains to oilseeds — in the coming months.
Mexico Tariffs Delayed, Higher Duties Set on Brazil & Canada
President Donald Trump imposed steep tariffs on exports from dozens of trading partners, including Canada (35%), Brazil (50%), India and Taiwan, ahead of a Friday trade deal deadline, pressing ahead with plans to reorder the global economy.
China Issues New Threats to Block Panama Canal Ports Deal
China’s government is threatening to block a deal that would transfer ownership of dozens of seaports — including two ports at the Panama Canal — to Western investors if Cosco, China’s largest shipping company, doesn’t get a stake.
US Corn Export Sales Forecast at Record Levels
U.S. corn export sales have continued at a blistering pace and support a 100-million-bushel month-to-month increase for the 2024/25 marketing year, raising the forecast to a record-high 2,750 million bushels. If realized, 2024/25 corn exports will exceed the 2023/24 estimate by nearly 500 million bushels (22%).
Trump’s Brazil Tariffs Could Impact Beef and Coffee Trade
President Donald Trump’s unexpected move to threaten a 50% tariff on Brazil risks roiling global commodity markets, disrupting trade on everything from beef to coffee.
Brazil’s Second Corn Harvest Expected at Record 123 MMT
Brazilian farmers will produce a record 123.3 million metric tons of second corn, agribusiness consultancy Agroconsult said on Tuesday after surveying fields in key producing regions nationwide.
USDA Cuts Outlook for Argentina, Brazil Corn Production
Market Watch’s Kirk Maltais reported Tuesday that “production of corn and soybeans out of Argentina are forecast to be lower as weather there batters its newly planted crops, the U.S. Department of Agriculture said. In its latest World Agricultural Supply and Demand Estimates report published Tuesday, the USDA changed its outlook for South American corn […]
Low South American River Levels Hindering Crop Shipments
Rivers throughout South America have reached such low levels in recent days and weeks that shipments of grains and oilseeds have been hindered, though the effects at this time are not catastrophic for export levels as it is not peak trading season, ag groups have said. Water levels in the rivers that run through the […]
Brazil Soy Planting Growth Slowing, Argentina Accelerating
Argentina could see the largest expansion of soybean planting in more than a decade in the 2024-25 planting season, while Brazil’s soybean plantings are expected to grow at the slowest pace in a decade during the same time frame. Reuters’ Maximilian Heath reported that “Argentine farmers are likely to plant more soybeans in the current […]
Brazil Tax Change Could Make US Soybeans More Attractive
Bloomberg’s Clarice Couto reported this past Friday that “a surprising tax change in agriculture powerhouse Brazil has the potential to make soy grown in the world’s largest bean exporter less competitive with supplies from the US, according to a report from risk management firm Amius Ltd. The provisional measure, signed Tuesday by President Luiz Inacio […]