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Brazil’s Competitiveness in Global Ag Markets Rooted in Currency Depreciation

October 22, 2020 | Posted in Data & Trends

Brazil’s macroeconomic policies — currency devaluation, in particular — have played an important role in its position as one of the top exporters of agricultural products, including soybeans, corn, cotton, sugar, coffee, orange juice and meat.

U.S. Ag Exports to China Projected to Total $13 Billion in FY20

July 21, 2020 | Posted in Data & Trends

U.S. agricultural exports to China are projected to total $13 billion in fiscal year (FY) 2020, up from $10.1 billion in fiscal year 2019. This rise in expected exports is primarily due to growth in Chinese purchases of U.S. soybeans and pork with expected additional purchases of sorghum and cotton also playing a role.

China’s Increased Soybean Imports from Brazil & Canada Do Not Fully Offset Lost U.S. Imports

July 2, 2019 | Posted in Commodities, Equipment & Equipment Sales

Source: USDA

Soybeans are the largest and most concentrated segment of global agricultural trade and account for 18% of total U.S. crop receipts, second only to corn (25% of crop receipts). As a result, factors that impact soybean sales can ultimately have a profound effect on farm machinery sales, one way or another.

What Will Drive the 2019 Farm Economy?

December 20, 2018 | Posted in Commodities, Data & Trends

“The 2019 farm economy is going to be influenced by several ongoing issues. Those include the global trade war; strong U.S. and world economies; favorable 2018 weather with record crop yields; and a new farm bill covering the 2019 to 2023 crops,” says Chris Hurt, professor of agricultural economics and editor of the Purdue Agricultural Economics Report: 2019 Agricultural Outlook.

Soybeans Cited as a Factor in Largest U.S. Trade Deficit Since 2008

December 6, 2018 | Posted in Commodities

According to MarketWatch, China’s boycott of U.S. soybeans made a significant contribution to the country’s October trade report. According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the deficit increased from $54.6 billion in September (revised) to $55.5 billion in October, as exports decreased and imports increased.

USDA Expects Whole Soybean Exports to Rise

June 1, 2018 | Posted in Commodities, Data & Trends

According to the Economic Research Service of USDA May 2018 Oil Crops Outlook report, in the 2018-19 marketing year (Sept.–Aug.), total U.S. exports of soybeans (whole, meal and oil) are expected to increase by over 8% provided normal trade relations with other countries.

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[Technology Corner] Precision Farming Dealer Summit Just What the Doctor Ordered After Challenging Year

We’ve been busy over here in the Technology Corner preparing for the 10th annual Precision Farming Dealer Summit, taking place Jan. 6-7 in downtown Louisville, Ky. Skip Klinefelter, CEO of Ag Technology Solutions Group in Greenville, Ill., will be one of several speakers sharing their unfiltered perspective on the state of precision ag.

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