Agriculture News
Corn acres landed above the average pre-report estimate, though lighter-than-expected June 1 stocks are supportive. Wheat acreage and stocks were mostly short of average pre-report estimates.
USDA says Trump’s executive order suspending phosphate duties could cut fertilizer prices by about 22%, saving U.S. farmers an estimated $1.82 billion annually across 97 million planted acres.
The Executive Order signed by President Trump Monday comes after years of farmer lobbying against phosphate duties, with Texas A&M estimating $6.9B in added costs since 2021 tied to sharply higher DAP fertilizer prices.
Spotty thunderstorms in the Midwest and heavy rains in the Gulf Coast were the main precipitation events
Monthly RMI survey notes rise in outlook for farmland values.
A majority of commodities saw a reduction in acres impacted
Annual SDSU survey says cropland values stabilize after years of gains.