USDA Projects $37 Billion Ag Trade Deficit in FY26

The USDA is projecting that the ag trade deficit will shrink in FY2026 even more than previously anticipated. USDA expects the trade deficit to fall from $43.7 billion in FY2025 to $37 billion in FY2026, according to its quarterly trade forecast published Tuesday. In its previous report issued in August, USDA had projected a trade deficit of $41.5 billion this fiscal year.

Bird Flu Surging as Holiday Season Begins

As the holidays approach, bird flu is once again sweeping through commercial and backyard poultry flocks, infecting and killing more than 8.9 million turkeys, chickens, and ducks in the U.S. since September. Indiana has been the hotbed of activity in the last month, with outbreaks in 28 commercial and 21 backyard flocks infecting 666,310 birds, according to the APHIS dashboard.

USDA Set for First Crop Data Release Since September

On Friday, the U.S. Department of Agriculture is set to release a hotly anticipated crop report, including the government’s first estimates of the two feed crops since mid-September, before the harvest had taken shape. The agency is also due to release a compiled a list of large daily sales reported by exporters during the shutdown.

Corn Futures Dipped Below $4 on Wednesday

Corn futures fell below $4 a bushel (on Wednesday) to the lowest level in about 11 months as favorable US weather continued to weigh on prices ahead of a key report due next week that could show eye-popping yields. As of Thursday morning, corn is back above $4.

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