USDA has risen its Florida orange forecast by 100,000 boxes compared to it February forecast, but it still remains 35% below last year’s final production numbers.
USDA now predicts that this season’s totals will reach 11.6 million boxes, the majority of which are made up by Valencia oranges. The year-over-year decline is part of a larger trend, which has been largely caused by hurricanes.
According to Mark Hudson with USDA NASS, “It’s even lower than the hurricane season of two years ago, when you look at 11.6 for all oranges compared to just two seasons ago when it was 15.82 million boxes. And even with— during Irma, Irma was 45 million boxes, compared to 11 million boxes, but you can understand we have less trees and also, the yields are not as high.”
Hudson says that he blames lower yields on citrus green disease, which has now been discovered across most of the state of Florida.
Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
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University of Illinois Ag Economist Gary Schnitker says early projections indicate soybeans will be more profitable than corn in 2026.
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Dr. Beetham outlined the background of the EU’s decision to modernize seed regulations and where the process stands today, and its impact on global agriculture and food security.
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In a final rule published in the Federal Register, the Department states that it will no longer base wage rates on the Farm Labor Survey.
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Trump’s upcoming talks raise hopes for U.S. soybeans, but China’s record purchases from Brazil and Argentina show America’s market share remains under heavy pressure.
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USDA’s report shows wheat strength overall, with winter wheat yields setting records, while spring wheat and rye saw declines. Oats and barley remain constrained by record-low acreage despite stable or rising yields.
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