Corn prices recently hit a four-year low as the prospect for record crops takes shape in the field. According to the August Ag Economists’ Monthly Monitor, more economists are concerned U.S. agriculture is already in a recession or on the brink versus previous months, but if it weren't for strong cattle prices, the economic picture would look even worse.
After a week of hot and dry weather, which gave the markets a boost, some analysts are questioning if the U.S. can reach such strong yield estimates. Dan Basse, AgResource Company, and Jon Scheve, Superior Feed Ingredients, get into the yield debate and discuss if a low is finally in when it comes to corn and soybean prices.
In the absence of new shocks to the weather, the macroeconomy or policy, FAPRI projects prices will generally remain near current levels over the next five years.
Ag imports are expected to reach a record $212 billion, up $8 billion from FY 2024. This increase is largely due to rising imports of horticultural products, sugar and tropical products.
As the presidential race heats up, long-time Washington, D.C., insider Jim Wiesemeyer joins hosts Tyne Morgan and Clinton Griffiths on an episode of Unscripted to offer surprising insights about both candidates.
