China has a four-step plan for improving its corn production:
GMO seeds
Improved soil quality
Increasing the scale of farm operations, and
Subsidies
The high price of corn is reasonable – No. 1 document
There is a fifth element as one official termed the current high price of corn as “reasonable.” China uses 24 percent more land than the U.S. to produce 27 percent less corn. If China achieved the same yield levels as American corn farmers, it would produce 71 percent more corn (445 MMT). But that is a huge leap that would take years to achieve. The No. 1 Document is evidence of the contention by Bryan Lomar of the U.S. Grains Council that there is “systemic” corn import...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...