Pro Farmer
The plunge in the U.S. dollar to the lowest since April 2022 has far-reaching implications, including good and bad impacts for agriculture.
Tariffs on China now higher than originally indicated by Trump.
Markets showed a relatively muted response to the report data.
Corn ending stocks for 2024-25 were lowered to 1.465 billion bu., notably lower than the average pre-report estimate of 1.510. Soybean ending stocks were pegged at 375 million bu., 4 million bu. below the average pre-report estimate.
USDA estimated 32% of the U.S. winter wheat crop was experiencing D1-D4 drought conditions.
Some U.S. farmers link new farm bill as must-pass goal for a much-improved safety net to deal with trade war and other woes | CPI report: Core inflation at 4-year low