Agriculture

Brooke Rollins, President Donald Trump’s nominee to lead the U.S. Department of Agriculture (USDA), indicated during her Senate nomination hearing that she is open to implementing direct payments to farmers to compensate for potential trade losses resulting from proposed tariffs. This approach mirrors strategies used during Trump’s first term. Key Highlights:Role and Responsibilities: If confirmed, […]

Argentina, a major agricultural exporter, has announced a temporary reduction in export taxes on grains, a move aimed at alleviating the financial pressures faced by farmers due to drought and low crop prices. This decision fulfills a campaign promise made by libertarian President Javier Milei. Key Highlights:Tax Reductions: The government will lower taxes on soybeans […]

Brooke Rollins, President Donald Trump’s nominee to lead the U.S. Department of Agriculture (USDA), has a controversial background that may clash with the interests of farm state lawmakers and raise concerns among corn and biofuel advocates. Rollins previously led an organization that opposed ethanol mandates and farm subsidies, key programs she would influence if confirmed. […]

Brazil has confirmed that China, the world’s largest buyer of soybeans, has halted shipments from five Brazilian firms after certain cargoes failed to meet phytosanitary requirements. This development poses challenges for Brazil, which has been increasing its share in the global soybean market at the expense of the United States. Key Highlights:Suspension Details: The Brazilian […]

An outbreak of bird flu in Georgia, the largest chicken-producing state in the U.S., is anticipated to trigger trade restrictions from major meat importers, according to an industry group. This situation poses a financial risk to farmers and processors. Key Highlights:Outbreak Details: A flock of 45,500 breeder chickens tested positive for bird flu last week […]

Egypt’s state grain buyer, Mostakbal Misr, has made a significant purchase of Russian wheat, set for shipment this month. Sources familiar with the transaction informed Reuters that this procurement was facilitated through Russia’s OZK Group and will be loaded onto four vessels sailing under the Egyptian flag. Key Highlights:Transaction Details: The exact volume and price […]

Ghana has announced a delay in the delivery of 370,000 metric tons of cocoa for the 2023/24 season, attributed to a significant drop in production. This figure exceeds the previously reported 350,000 tons, highlighting the severity of the situation, as stated by the food and agribusiness minister-designate, Eric Opoku, during a parliamentary committee session. Key […]

In 2024, China’s soybean imports from the United States decreased by 5.7% compared to the previous year, with Brazilian and Argentine shipments filling the gap. This shift has further reduced the U.S. market share to below 25%, driven by concerns over a potential renewed Sino-U.S. trade war. Key Highlights:Record Imports: China imported a record 105.03 […]

Argentina is poised to regain its status as the world’s second-largest barley exporter as the current harvest concludes, according to a report from the Rosario grains exchange. This comes as the area dedicated to barley cultivation has expanded, while other major exporters, like Russia, are expected to reduce their shipments. Key Highlights:Barley Usage: Barley is […]

Chinese soybean processors are increasingly opting for competitively priced Brazilian cargoes over U.S. oilseeds, driven by concerns that President-elect Donald Trump may impose import tariffs upon taking office on January 20. This shift reflects the ongoing worries about renewed trade tensions that could disrupt trade flows to China, the world’s largest importer of agricultural goods. […]