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Author: staff
After 9:00 a.m. CT, December corn was down 1¼¢ at $4.19½ per bushel. November soybeans were down 4¢ at $10.20¼ per bushel. “The trade continues to receive mixed crop reports, with most indicating the ‘top end’ of the U.S. corn crop has been lost.” Karl Setzer, partner with Consus Ag Consulting said, “This actually raises more questions on production and demand. Until the USDA cuts production from either yield or acreage adjustments the market will be slow to react.” He added, “Low prices have continued to attract importer interest on corn, but wheat buyers continue to show more interest in…
By Kanishka Singh and Peter Hobson WASHINGTON/CANBERRA, July 24 (Reuters) – The U.S. will sell “so much” beef to Australia, U.S. President Donald Trump said on Thursday after Canberra relaxed import restrictions, adding that other countries that refused U.S. beef products were on notice. Australia on Thursday said it would loosen biosecurity rules for U.S. beef, something analysts predicted would not significantly increase U.S. shipments because Australia is a major beef producer and exporter whose prices are much lower. “We are going to sell so much to Australia because this is undeniable and irrefutable Proof that U.S. Beef is the Safest and Best in the…
Coke’s Cane Sugar Announcement Bugs Some Farmers, but Is Unlikely to Impact South Dakota Corn Prices
By John Hult Very little of South Dakota’s corn is used to produce sweetened beverages, but the crop’s boosters in the state say a nationwide shift toward cane sugar is an unwelcome sign for corn farmers. Coca-Cola announced its intention to offer cane sugar-sweetened beverages this week. The company said its new beverages are “designed to complement the company’s strong core portfolio,” rather than replace its regular products, which are sweetened by high-fructose corn syrup. The announcement during the company’s second-quarter earnings report confirmed a decision President Donald Trump talked about on Truth Social, his own social media platform. Robert F.…
By Peter Hobson and Renju Jose CANBERRA/SYDNEY, July 24 (Reuters) – Australia will ease restrictions on beef imports from the U.S., the country’s agriculture ministry said on Thursday, potentially smoothing trade talks with U.S. President Donald Trump, who had attacked its rules. Still, the decision, which U.S. Agriculture Secretary Brooke Rollins called a win for Trump, is unlikely to significantly boost U.S. shipments because beef prices are much lower in Australia, analysts said. Australia Agriculture Minister Julie Collins said in a statement a “rigorous science and risk-based assessment” had concluded that U.S. measures to monitor and control the movement of cattle meant biosecurity risks were…
Corn sweat has been making national news, as the corn crop pumps moisture into the air. The result? Higher humidity, and as July wraps up, it’s about to get even steamier. “Heat index temperatures are the problem with that extra humidity,” explained Jeff Andresen, Michigan State climatologist, during a USDA Midwest Climate Hub Outlook “North Central U.S. Climate and Drought Outlook” webinar. The corn crop is responding to current high temperatures by transpiring a lot of moisture. And that’s adding to those high dew point conditions, explained Dennis Todey, director of the USDA Midwest Climate Hub and ag climatologist.…
The Agribusiness Education Foundation, a nonprofit 501(c)(3) organization founded by UnitedAg, gas applications are now open for its 2025–2026 scholarship program. Since 1989, UnitedAg has awarded scholarships to support the educational goals of its members, their employees, and their dependents. In 2000, UnitedAg expanded its commitment to education by establishing AEF to provide greater financial assistance, business skills training, and leadership development opportunities to the agricultural community. To date, AEF has awarded more than $2 million in educational grants to over 1,200 students pursuing college, university, and vocational studies. The schola0rship programs are open exclusively to students affiliated with active…
DAILY Bites The Agriculture Secretary revealed plans to restructure the USDA, aiming to improve efficiency and responsiveness. A significant number of federal positions will be moved from Washington, D.C., to regional locations across the country. The shift is intended to decentralize operations and strengthen ties to agricultural communities and rural development efforts. DAILY Discussion U.S. Secretary of Agriculture Brooke L. Rollins has announced the reorganization of the U.S. Department of Agriculture, refocusing its core operations to better align with its founding mission of supporting American farming, ranching, and forestry. Over the last four years, USDA’s workforce grew by 8 percent,…
On Thursday, the USDA announced a reorganization plan that includes the relocation of more than 2,000 employees from the National Capital Region (NCR) to regional hubs in major cities across the country. In a memorandum detailing the plan, Secretary Brooke Rollins said it aims “to achieve improved effectiveness and accountability, enhanced services, reduced bureaucracy, and cost savings for the American people.” The plan will be guided by four key pillars, according to the memorandum. Here’s a closer look at the sweeping changes entailed by each one. Ensure the Size of USDA’s Workforce Aligns With Financial Resources and Priorities “Over the…
December corn ended the day up 3¼¢ at $4.20¾ per bushel. November soybeans closed up 1½¢ at $10.24¼ per bushel. September CBOT wheat ended the day up a penny at $5.41½ per bushel. September KC wheat closed up 5¢ at $5.28½ per bushel. September Minneapolis wheat was up 2½¢ at $5.85½. October live cattle closed down $1.35 at $222.15 per hundredweight (cwt). August feeder cattle were down $2.63 at $328.90 per cwt. October lean hogs were up 20¢ at $91.10 per cwt. Shortly after 2 p.m. CT, September crude oil was up 99¢ at $66.24 per barrel. Less than ten…
Australia has officially lifted a long-standing restriction on U.S. beef imports following a full biosecurity and safety assessment, clearing the way for fresh chilled and frozen American beef products to legally enter the Australian market. According to BBC, the decision may have been politically motivated, prompted by President Donald Trump’s imposition of a 10 percent tariff on Australian beef earlier this year. While the U.S. meat industry welcomed the news — citing a 20-year barrier to access — the reality is more nuanced. Although Australia banned American beef in 2003 following a case of bovine spongiform encephalopathy, small-scale imports resumed…