Fuel prices began the new year declining after a late-year increase during the holidays. The national average is down 17.3 cents from a month ago and 12.6 cents lower than a year ago.
The USDA released its June Planted Acreage Estimates, that shows corn planted area in 2023 is estimated at 94.1 million acres, up 6% from last year and the highest in the U.S. since 1944.
America has a shortage of diesel, putting pressure on suppliers to get more into the fuel supply. A new USDA survey says cover crops are more popular than first thought.
California’s walnut crop is forecasted at 720,000 tons, down by 1% from last year. Ag Secretary Tom Vilsack announced the USDA is awarding loans and grants to help provide high-speed internet for rural areas.
U.S. ag commodities trader and processor Cargill has acquired a soy processing facility in eastern China via a judicial auction, expanding its crushing capacity.
President Trump’s trade deal may have been short on details about Chinese ag purchases, but Brazil’s two-year, non-stop soybean bonanza will likely come to an end.
The European Union’s new trade chief will visit Washington D.C. next week in a bid to repair relations frayed by U.S. measures against imports from the EU.