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The first meeting of the U.S.-China Joint Committee on Cooperation in Agriculture in almost nine years recently occurred with the Agriculture Secretary among the participants. (Rod Bain and Secretary Tom Vilsack)
Lower domestic milk production both in 2023 and 2024 is expected to assist with higher prices in some product and class categories, per USDA’s latest forecasts. (Rod Bain and World Agricultural Outlook Board Chair Mark Jekanowski)
Corn markets got a surprise in USDA's Prospective Plantings Report. (Gary Crawford. Lance Honig with USDA's Ag. Statistics Service and USDA Chief Economist Seth Meyer)
Farmers intend to boost soybean acreage this year, but not by as much as many had expected. (Gary Crawford. Lance Honig with USDA's Ag. Statistics Service and USDA Chief Economist Seth Meyer)
USDA is reporting more winter wheat acreage than had been expected. (Gary Crawford and Lance Honig with USDA's National Agricultural Statistics Service)