USDA data shows ag trade balance sheets are in the red with double-digit declines in the billions of dollars expected this year.
For wheat, economists explain that there is a unique situation happening.
“We see wheat exports rounded up to $2 billion, which is down 6% from the same period last year, whereas we’ve got a 6% increase by volume for last year, so we’re actually exporting more wheat, but at a lower price. So we’re seeing a negative value change over the last year,” said USDA economist Bart Kenner.
While the markets work to digest all the recent changes, some traders are following the numbers and they say they are showing a pattern.
Related Stories
Strong exports support cattle and hog market fundamentals.
Watch China’s demand signals for export direction.
Shaun Haney joined RFD News to discuss the potential impact of the Trump-Xi summit uncertainty, ongoing agricultural trade talks, and why geopolitical developments could carry important implications for farmers and global commodity markets.
Shaun Haney joined RFD News to discuss the potential impact of the Trump-Xi summit uncertainty, ongoing agricultural trade talks, and why geopolitical developments could carry important implications for farmers and global commodity markets.
Kansas State University agricultural economist Dr. Gregg Ibendahl discusses rising diesel prices, the influence of global oil markets, and the potential impact on farmers heading into the spring planting season.
Rising protein demand supports long-term trade in feed and meat.
China’s stricter inspection rules prompt Cargill to pause soybean exports from Brazil, briefly lifting U.S. soybean prices as traders anticipate potential shifts in global trade, as export demand remains supportive across all major U.S. commodities.
Suderman joins Tony St. James in the RFD Studios to discuss how geopolitical tensions are triggering global transport disruptions, new inflation pressures, and other challenges for agriculture to navigate.
