Farm groups are raising concerns about a recent trade ruling that could impact herbicide prices.
The U.S. International Trade Commission has determined that imports of 2,4-D from China and India are harming Corteva Agriscience, the only U.S. producer.
As DTN reports, the ruling could lead to new import duties, though the final rates have not yet been set. Corteva argued that the imported products were unfairly priced and undercut their sales.
Groups like the National Corn Growers Association and American Soybean Association say the decision could drive up costs and reduce access to a key weed control tool. They also say the timing could not be worse for U.S. farmers.
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Cold-driven spikes in gas prices can quickly raise fertilizer and energy costs.
Nitrogen and phosphate markets are tightening ahead of spring, keeping fertilizer costs elevated while crop prices lag.
Economists are also closely watching how policy decisions in Washington could influence markets moving forward. Analysts say deferred futures for corn, soybeans, and wheat suggest markets are operating near break-even levels, not at prices that would encourage expanded production.
The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.
Corn growers are turning to ethanol, E15 expansion, and export markets to help absorb record supplies and stabilize prices. Farm leaders discuss low-carbon ethanol demand, flex-fuel vehicle challenges, input costs, and the role of USMCA as producers look for market relief in the year ahead.
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