Southern Brazil to get rain, U.S. soils remain saturated

South and southwest Brazil have seen limited rains in recent months. While significant rain is expected in these areas over the next two weeks, it may not be enough to restore soil moisture to adequate levels. Nevertheless, any rain at this point will be [...]

Australian wildfires visible from space

Having burned through over 15.6 million acres, the Australian wildfires have forced thousands to evacuate. Fires have been particularly intense along Australia’s east coast, with New South Wales suffering severe damage and Victoria declaring a state of disaster. Coastal communities, where fires were fanned [...]

Mexico continues to be great trade partner for U.S.

U.S. agricultural exports to Mexico grew over 32 percent from 2009 to 2018, per USDA. In 2018, Mexico was the top export destination for U.S. corn, dairy, poultry meat and eggs, sugar and sweeteners, distillers dried grains, and more. Additionally, the country is in [...]

Fallout from USDA’s move out of Washington

The National Institute of Food and Agriculture (NAFA) and the Economic Research Service (ERS) have each lost between 50 and 75 percent of their staff since June 2019. That is when U.S. Secretary of Agriculture Sonny Purdue announced these two USDA agencies would be [...]

Wheat harvest underway in Europe & Russia

The July heat wave in Europe is not expected to continue and may thus have a very limited impact on European wheat crops. Although water usage restrictions have been imposed across French regions, harvest is already underway, limiting the potential for the wheat crop [...]

Wheat futures market inverts post-WASDE release

On Thursday, Jul. 11, Jul-19 wheat futures rose 4.8 percent to a six-week high of $5.36 following the June WASDE release. This price is higher than both the Sep-19 and Dec-19 futures contracts, at $5.21 and $5.32, respectively. Jul-19 contract prices rose in reaction [...]

Update on genetically modified sugar in the U.S. & for key world markets

Almost all sugar beets harvested in the U.S. are grown from genetically modified (GM) seed, and the beet industry had feared that the National Bioengineered Food Disclosure Standard would be applied to beet sugar as a result. Arguing that beet sugar, like soybean oil [...]