On 31 December the USDA announced the per acre payment rates for the Farmer Bridge Assistance (FBA) program for producers hit by the ongoing tariffs. Cotton and rice will receive the highest payments. On 15 December WPI estimated the upcoming payments, with cotton and rice at the top of the list, but with payment rates at 18.3 percent higher for cotton and 23 percent higher for rice. The final payments for corn, soybeans, and sorghum were all lower, at 8 percent for corn, 2 percent for soybeans, and down 4 percent for sorghum. Wheat payments were up 5 percent from initial estimates.
Rapeseed and crambe which were included in the original list of crops to receive payments were not included in the final list of...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
