Robust U.S. economy, higher commodity prices in 2021, says USDA
A resurgent U.S. economy will grow at its fastest pace in two decades after this year's coronavirus slowdown, helping to boost commodity prices almost across the board, said the USDA in its first projections for 2021. Growers will harvest a record-large crop of soybeans and the crop will sell for an average $10 a bushel for the first time in seven years, thanks to strong demand.
Stronger-than-expected sales to China buoy US ag exports
The China-U.S. trade war cut deeply into U.S. farm exports to China, but not as far as initially estimated, said the Department of Agriculture on Monday. The agency forecasted $139 billion in agriculture exports, the largest amount in three years and up 3 percent from 2019. A key reason for …