An announcement overnight from President Trump is moving the agricultural commodities.
In a post to Truth Social, he says, “China is worried about its shortage of soybeans. Our great farmers produce the most robust soybeans. I hope China will quickly quadruple its soybean orders. This is also a way of substantially reducing China’s trade deficit with the USA. Rapid service will be provided. Thank you, President XI.”
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Seth Tucker of Tucker Farms, a first-generation Arkansas farmer, says rising input costs are forcing changes to his operation, including stepping away from rice this season.
Tight global supply is likely to keep fuel and fertilizer costs elevated.
Improving dairy prices could support stronger milk checks later this year.
Lower U.S. ethanol production and stocks may support ethanol prices while strong export demand continues to support ethanol and corn markets.
China’s changing pork demand may limit export growth opportunities.
