Recent conversations with an associate farming and living in Brazil underscored a number of concerns that will eventually have a negative impact on crop production.I had a lengthy conversation with an associate who has been farming in Brazil for more than 20 years and is now a permanent resident there. This was the second such discussion in the past three weeks. He's a little on edge over the political and economic climate and how it is affecting farmers. Here are some of his talking points:
There is no money in Brazil today. The ongoing currency devaluation is causing economic chaos. The real has devalued 40 percent in the last year. It has become almost impossible for farmers to obtain financing in reals to plant crops that trade in t...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
