Despite a projected record year for U.S. ag exports, economists believe those gains will not continue into 2023.
Analysts at Aimpoint Research say there are several factors at play, including Brazil’s corn and soybean crops. They say another challenge is the Mississippi River, with meteorologists not expecting a drastic rise until next year. If that is the case, Brazil could take over the soybean market.
Researchers also point to a stronger U.S. Dollar, which makes American ag products more expensive in the global market.
Related Stories
LSU economist Dr. Michael Deliberto says fewer planted acres could tighten supplies and support prices for producers.
The Rural Mainstreet Index remained below growth neutral for the fourth straight month as grain prices stay under pressure.
Soy Transportation Coalition’s Mike Steenhoek discusses the proposed six-axle truck pilot program and its potential impacts on agriculture and freight transportation.
Dr. Derrell Peel says the longer the border remains closed to Mexican cattle imports, the more likely some industry changes could become permanent.
USDA will elevate its “Plant Not Plastic” initiative and promote American cotton over synthetic fibers.
The investigation does not prove wrongdoing, but it raises federal scrutiny of a major cost center for crop producers.
