soybeans
Farm income will surge 4 percent if China ends soy tariffs, say analysts
If China eliminated its punishing trade war tariffs on U.S. soybeans, net farm income would climb by nearly $3 billion this year and $4 billion in 2020, said three university economists in examining one aspect of the Sino-U.S. trade war. The two countries will resume trade talks next week in Shanghai.
Short crop will slash record-large soy stockpile by one-fourth
The loss of nearly 6 million acres of corn and soybeans to a cold and rainy planting season this year will be felt into autumn 2020 and beyond, said the government on Thursday, as fat U.S. stockpiles will be drawn down to compensate for short crops.
Ag purchases would show good faith by China, says Kudlow
More changes in store as USDA assesses wet planting season
The USDA took a 9 percent whack out of its projected U.S. corn harvest last week and economist David Widmar said on Monday that more adjustments will be forthcoming due to a remarkably rainy and prolonged planting season in the Farm Belt. "The implications of the slow, wet spring will take a while to be fully realized," wrote Widmar at the Agricultural Economic Insights blog.
With millions of acres unplanted, U.S. corn crop could be smallest in six years
The United States could be headed for its smallest corn crop – 13 billion bushels – since the scorching 2012 drought, according to estimates circulated ahead of USDA projections due today at noon ET. One of every six acres intended for corn, or 15.7 million acres, is yet to be planted because of a cold and persistently rainy spring, and yields per acre drop precipitously for late-planted corn.
Chaotic spring may lead Trump administration to loosen limits on trade aid
USDA lawyers may have an answer this week on whether Trump tariff payments, intended to mitigate the impact of the trade war, can be given to farmers unable to plant a crop this year, said Agriculture Secretary Sonny Perdue on Monday.
One-third of U.S. corn crop yet to be planted
Normally, the corn-planting season is over by the first week of June, but this year, 31 million acres — one-third of the intended corn land nationwide — have yet to be sown due to a persistently rainy spring. Soybean planting is also far behind schedule.
Smallest U.S. ag exports in three years amid trade war
The trade war with China and low commodity prices will combine to slash U.S. farm exports by 4.5 percent this fiscal year, said the USDA on Thursday in a quarterly forecast. Exports of $137 billion would be the smallest since 2016, when exports bottomed out following the collapse of the commodity boom.
Rain delays may pull down U.S. corn yield
Corn and soybean planting is running roughly 30 percentage points behind normal in a cold and rainy spring, said the weekly Crop Progress report on Monday. "Delayed planting has set the stage for potential corn yield reductions at the national level," but not guaranteed them, wrote economist David Widmar in a blog about the implications of one of the five slowest corn planting seasons on record.
In Farm Belt, objections mount to ‘endless tariff war’
Corn and soybean planting is half of normal due to wet spring
Wet weather is holding corn and soybean planting far behind usual rates for the first week in May, the USDA said Monday. Economist Scott Irwin of the University of Illinois said on social media that half of the corn crop must be planted in the next two weeks to avoid the large yield losses that accompany later-than-optimal seeding.
Dicamba revisited: Will corn be the next herbicide debacle?
Dicamba-tolerant corn seeds aren’t available yet. But if the seeds reach the market, and tens of millions more acres are sprayed with dicamba, there’s good reason to expect a repeat of the soybean disaster, in which the highly volatile weedkiller drifted off-target and damaged 5 million acres of conventional soybeans and an untold number of other crops.<strong>(No paywall)</strong>
Two more rounds of Sino-U.S. trade talks planned
U.S.-China negotiations to resolve the trade war are “moving along quite well,” said President Trump on Wednesday. Meanwhile, published reports said two rounds of talks were scheduled for late April and early May.
Trump, dropping Mexico threat, says ‘very close’ to China deal
U.S. and Chinese negotiators may be within four weeks of resolving the Sino-U.S. trade war, said President Trump on Thursday. Trump said the nations are working on a comprehensive agreement. “And whether it’s our farmers or our technology people, all of them will be really happy.”
Soybeans may lose less land to corn than expected
The United States is awash in soybeans, the result of the trade war with China and a string of bumper crops. But although farmers were expected to respond by planting more corn this year while cutting back sharply on soybeans, it's no longer clear that this rush to corn will actually occur.
Trump: Trade talks may end with ‘a lot more’ corn to China
U.S. and Chinese officials opened their second consecutive week of negotiations to resolve the countries' trade war on Tuesday with President Trump saying the "very complex talks...are going very well." Trump told reporters at the White House, "We're asking for everything that anybody has ever even suggested. These are not just, you know, 'let's sell corn or let's do this.' It's going to be selling corn, but a lot of it, a lot more than anyone thought possible."
Agriculture remains an issue as Sino-U.S. trade talks resume
The White House is looking for additional progress in negotiations this week to resolve the Sino-U.S. trade war even as it cautions that “much work remains.” Agriculture is among the structural issues under discussion, according to the administration.
China boosts its soybean purchases to 3.8 million tonnes this week
For the third day in a row, the USDA confirmed a large sale of U.S. soybeans to China, this time 586,000 tonnes. With the purchase, reported by private exporters on Wednesday, China bought 3.8 million tonnes of soybeans in three days and is well on its way to the 5 million tonnes promised during a White House meeting last week.
Exports boom as bumper corn crop pulls down farm-gate prices
U.S. corn exports are climbing for the third year in a row and will be the fourth largest on record this trade year, thanks to the mammoth crop now being harvested and falling market prices, said the Agriculture Department on Thursday. The 15.2 billion-bushel crop would be just a hair smaller than the record set last year.