Author: staff

By Roberto Samora and Kylie Madry SAO PAULO, Aug. 27 (Reuters) – Higher U.S. tariffs on Brazil are expected to reshape global beef trade flows, sparking increased shipments to the U.S. from countries like Mexico and Australia while Brazil seeks alternative markets, analysts said on Wednesday. Brazil is the world’s largest beef exporter, with China as its main trading partner. In August, Mexico overtook the U.S.to become its second-largest export destination for the commodity. “It is very likely that countries that can triangulate Brazilian beef will increase their purchases following Mexico’s example,” Mauricio Nogueira, director of livestock consultancy Athenagro, said in an interview. “If Mexico starts sending beef to the…

By Ella Cao, Naveen Thukral, and Lewis Jackson BEIJING/SINGAPORE, Aug. 28 – Grains traders globally are closely watching talks between the United States and China for signs of progress on agricultural tariffs, a key test for American farmers to regain a foothold in their top export market. Senior Chinese trade negotiator Li Chenggang is visiting Washington this week for talks with U.S. officials. Why Does Agriculture Matter for Ties? Farm products are the biggest U.S. export to China and a commitment by Beijing to increase purchases is likely to feature in a broad trade deal. President Donald Trump has already urged it to quadruple soybean purchases.…

I’ll admit it: I have a soft spot for this one. I’ve been a Porsche nut for years. As a kid, I drooled over them. My daily driver even has an engine Porsche helped design. Heck, one of our cats is named after the brand. When I learned that Porsche built tractors back in the 1950s and 1960s, my inner Porsche nerd was thrilled. I don’t care if they’ll only do 12 mph — it’s still a Porsche. We’ve seen a few of these tractors pop up on Tractor Zoom before, but the timing was never right to write about…

1. Soybean Futures Drop in Overnight Trading Soybean futures were lower in overnight trading on concerns about demand from China — the world’s largest importer — and amid favorable weather in the Corn Belt.  China has yet to purchase U.S. soybeans for the upcoming year, according to data from the USDA.  The country in 2024 purchased $12.64 billion worth of soybeans from the U.S., government data show. That’s almost six times more than the next largest buyer and just over half the total value of soybean shipments globally.  China has effectively halted purchases of U.S. soybeans amid the ongoing trade war…

By Joshua Haiar Farmers across South Dakota are seeing healthy crops, but abundant supply and weakening foreign demand are driving prices down, some of the state’s economic advisers said during a virtual meeting Thursday. Karl Adam, South Dakota Bankers Association president and a Governor’s Council of Economic Advisors member, said many farmers have a great crop but are looking at losses of $125 to $200 per acre for their corn, due to prices falling from above $7 per bushel several years ago to less than $4 per bushel currently. “On the ag side, I think we’re going to see a lot of balance sheets…

By Cami Koons Environmental and community groups from Iowa sent a letter Thursday to the state’s congressional delegation, urging them to oppose a House bill that would “gut critical clean water protections.”  In the letter, the groups say Iowa is “on the frontlines of a drinking water emergency” and the changes the bill plans to make to the Clean Water Act would exacerbate the problems.  The Promoting Efficient Review for Modern Infrastructure Today, or PERMIT, Act seeks to “limit the scope” of the Clean Water Act, which has been in place since 1972. The bill would redefine navigable waters, the waters which the…

By Naveen Thukral and Ella Cao SINGAPORE/BEIJING, Aug. 29 (Reuters) – China’s soybean importers are boosting purchases from Argentina and Uruguay over the next year to fill the supply gap left by the absence of U.S. shipments as the trade war drags on between Washington and Beijing, according to two trade sources. Chinese processors may buy up to 10 million metric tons of soybeans from the two South American exporters during the 2025/26 marketing year ending next August, which would be a record, said the sources, a Singapore-based trader at an international company which sells soybeans to China and a second person…

Harvest is quickly approaching, but grower groups and the ag industry are on edge, as China has yet to make a purchase from the fall U.S. soybean crop. At the Farm Progress Show, Agri-Pulse Newsmakers asked American Soybean Association (ASA) President Caleb Ragland about the letter ASA sent to President Trump urging a trade deal with China and about his conversation with Deputy Agriculture Secretary Stephen Vaden at the show. Rabobank’s Stephen Nicholson says he believes circumstances have changed too much since the China Phase One trade agreement to secure a similar deal now. Plus, National Corn Growers Association First…

In this episode, financial adviser and first-generation cattle producer Blake Miller said cash flow is the key to farm success. He shared retirement planning tips for farmers and offered strategies for protecting the family farm and building wealth. Watch Our Interview Meet Blake Miller Despite growing up in suburban Atlanta and having no background in agriculture, when COVID hit in 2020, Miller said, “I wanted to learn about raising my own food and having that supply chain localized.” He said he started watching farming videos on YouTube and sent a letter to around 30 local farmers, telling them he was…

Key Takeaways Most states now report mature corn, according to the USDA, with Texas leading at 71%.North Carolina and Tennessee are showing strong progress ahead of average.Three of the four states with no mature corn yet typically report by this time. In the USDA Crop Progress report released Aug. 25, all but four states reported mature corn. Here’s a closer look at the 14 states that reported, and the four that have yet to report at that crop growth stage. Texas Leading the pack is Texas, where 71% of corn has reached the mature growth stage. That’s up 6 percentage points from…