On Friday we commented on Brazil’s livestock and poultry demand potential for DDGS co-produced by the growing trend of corn ethanol production in Brazil. Producers are discovering that DDGS are cheaper than soymeal and help with feeding margins. That afternoon, the economy ministry of Brazil announced that due to high feed prices, it was suspending tariffs on non-Mercosur corn, soybeans, soymeal, and soyoil. Those commodities from the Mercosur block are tariff free, from outside the block they’re subject to the following tariffs:
Corn and soybeans – 8 percent tariff Soymeal – 6 percent tariff Soyoil – 10 percent tariff
The waiver has yet to be published in the Diario Official (it may be tomorrow, 20 Oc...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
