Brazil’s record soybean crop is only about 25 percent harvested but already, analysts say it is set to make a big impact on the export market.
Experts at Grain Cycles say Brazil’s soybean exports are about to pick up steam, and when they do, they are going to accelerate. The South American country has also already sold some of its first corn crop which they usually hold for feed purposes. Analysts say U.S. growers have until mid-July to get our corn out to market.
USDA’s Supply and Demand forecast comes out March 8th with Conab’s Brazil outlook being released the following day.
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Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
The three-point plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture.
Higher tariffs may shield some U.S. crops but risk retaliation, lost markets, and higher costs for growers. The WTO disputes highlight the fragile balance between trade policy, farm exports, and input supply chains.
USMEF CEO Dan Halstrom joined us on Monday’s Market Day Report for his analysis on the U.S.-Taiwan trade agreement, which includes big bucks for U.S. Beef.
