Low commodity prices are dealing another blow to the ag trade deficit. USDA is now preparing for the third straight year of losses.
The Department expects the ag trade deficit to hit $42.5 billion when the fiscal year starts October 1st, which is a drop of $4 billion from this year, and marks the third straight year of declines since hitting a record low in 2022. Ag imports are expected to increase by around $8 billion.
The economy is tightening its grip on the ag industry. The Chicago Fed says farmland values are slowing in their district, and credit challenges are starting to appear. Fed policy advisers say repayment rates are also starting to slow.
Despite the challenges, they say farm balance sheets have been strong overall, even with less working capital.
Lewis Williamson with HTS Commodities joins us to break down the latest USDA crop progress report, share insights from growers, and discuss how global factors are shaping planting decisions this season.
April 28, 2026 04:25 PM
·
High input costs and persistant drought is pushing Midwest growers to rethink planting decisions.
April 28, 2026 12:28 PM
·
Higher cow numbers and slightly stronger output per cow pushed milk production above last year.
April 28, 2026 10:00 AM
·
Food inflation is still building in 2026, with beef leading pressure while eggs and dairy offer some relief.
April 28, 2026 09:00 AM
·
Diesel has eased for now, but the larger 2026 energy outlook still points to elevated fuel costs.
April 28, 2026 08:00 AM
·
Rotational grazing can improve pasture use and soil health while helping control feed and drought-related risk.
April 28, 2026 07:00 AM
·
