China dropped its probe on Friday, retreating from a dispute that had upended global grains markets.
Unrelenting rains have kept corn growers from their fields this spring. With millions of acres left to be planted, an unprecedented decision time is around the corner.
WASDE reduced harvested acres for soybeans by 700 thousand from last month's estimate.
Traders were expecting bullish numbers from Tuesday’s World Agricultural Supply and Demand Estimates (WASDE), but the projections were even friendlier than anticipated.
Troubles at planting continue to show up this season, with just 11% of corn and 7% of soybeans harvested, according to USDA’s Crop Progress Report.
There’s clearly work to be done here. Collaboration, and trust, can absolutely drive the sustainability message forward.
Trade tensions between the U.S. and China ratcheted higher after the Asian nation said it will follow through on plans to levy tariffs on a range of American farm goods including soybeans and corn.
Villita Avocados Inc. has a couple of major projects in the works.