Growth on the front end of soybean production is essential; however, what appears as a growthier plant doesn't always guarantee more bushels. To take a closer look at this theory, Farm Journal Field Agronomists Ken Ferr
Japan might increase the amount of agriculture trade conducted with the U.S. through potential trade deal that was announced by President Trump following a meeting with Japanese Prime Minister Shinzo Abe.
U.S. pork exports recorded the highest-ever monthly value in November while U.S. beef export value took another step toward a likely full-year value record, according to data by USDA and compiled by USMEF.
Stubbornly record-high corn prices in Brazil, the world's No. 2 exporter of the grain, are compelling pork producers to slaughter sows they cannot afford to feed and poultry processors to close plants.
The latest monthly trade data has been tabulated – for August – and U.S. beef trade continued its impressive performance with monthly exports up 9 percent and year-to-date export totals up 14.2% year over year.
For May, the USDA Economic Research Service compilation of U.S. exports (carcass weight basis for the red meats and on a ready to cook basis for poultry), was a mixed bag of results compared to a year earlier.
The grain and soy markets are range trading. Nearby corn futures seem to be consolidating their January rally culminating in last Friday's seemingly decisive push above pivotal 40-day moving average resistance.