Key Takeaways:
Mexico's drought intensified from 2022 to 2024, with critically low reservoir levels in Sinaloa driving a sharp decline in corn production. Sinaloa produces roughly one-quarter of Mexico's corn crop and is the country's leading supplier of white corn used for staple foods such as tortillas. Production losses forced Mexico to import white corn from the U.S., highlighting the severity of the drought's impact on domestic food supplies. Reduced yellow corn production also increased Mexico's reliance on U.S. feed grain imports. Strong Mexican demand helped push U.S. corn exports to a record high in 2024/25, offsetting part of the decline in Chinese purchases. U.S. corn exports are expected to be even higher in 2025/26, with stron...
What You Need to Know Today: After a volatile weekend with Israel and Iran launching attacks at each other, peace seems to have returned to the region after President Trump called for both sides to cease hostilities. Soybean trade remains defensive as funds are liquidating longs amid no signs...
EU Sovereignty Ruse For years politicians talked like banty roosters about Europe’s soft power leadership, with American leaders hoping that a strong EU would multiply the U.S. power equation. Then Donald Trump ascended to power and called Europe a Potemkin village, infuriating Brussels t...
The USDA’s Animal and Plant Health Inspection Service (APHIS) has confirmed two new cases of New World Screwworm (NWS). One was in Zavala County, Texas, the site of the first case. That case was found in a one-month-old calf, 5.6 miles from the first incident, and the quarantine effort in...
