According to the Farm Credit Administration’s quarterly report on economic issues, record agricultural exports are contributing to favorable economic conditions for the U.S. farm sector
Futures prices for wheat, corn, and soy have been trending upward since August. The 6-month trend of rising prices accelerated in the first weeks of 2021.
Worldwide production of most citrus crops will likely decline in the current harvest year, according to a report from the USDA that projects reduced global citrus crops.
A World Trade Organization dispute settlement panel found China has administered its tariff-rate quotas for wheat, corn, and rice inconsistently with its WTO commitments.
China is proposing it could buy an additional $30 billion a year of U.S. agricultural products including soybeans, corn and wheat as part of a possible trade deal.