Did you know that according to USDA data, for the first time in 20 years, Brazil is set to surpass the United States in cotton picker exports? What does a historic shift in the market mean for the industry? #cotton #brazilmarkets
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??Garden City Co-op Market Update Today's Close: Mar YC: 4.70 +14 Mar HRW: 5.52 +1 Mar YSB: 10.25 +26 An active day in the markets ended with a strong close. This is a recap of the USDA/WASDE report and an outlook on exports for the start of the year. ??More in the update: https://lnkd.in/gePWSMDa #Markets #USDA #WASDE #Exports #GCC #MovingForwardTogether
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On Friday, the USDA releases their October Supply & Demand Report. In the past 11 years, when September yield increased, 8 of those years saw another boost in October. We'll dive deeper into this in our Pre-Report Snapshot, coming out this Wednesday. ??View all our market research: allendalehub.com #futures?#cornmarket?#cornyield?#harvest24 #usda #supplyanddemand
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Potato Prices Surge to €35: What’s Driving the Market? Potato prices in Europe have reached a peak of €35 per 100 kg, driven by a combination of supply shortages and strong demand. This article examines the factors influencing the price increase and its implications for farmers, processors, and consumers. https://lnkd.in/eiZWEPDF
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Realistically, there may be some temporary pick up in prices in hard hit areas until logistics normalize, also in view on some damage on agriculture that could lead to some temporary spike in vegetable/fruit/other produce prices that could lead to some transitory pick up in food prices; but the price freeze would temper these amid the state of calamity declared in some areas; a consistent pattern seen for many years/decades during the storm/typhoon/flood season. https://lnkd.in/gi2-3W7U
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Imports Drive Year-Round Availability of Fresh Produce in the US – USDA. According to a recently published note by the USDA, from 2007 to 2023, the share of fresh fruit availability in the U.S. supplied by imports increased from 50% to 59%. Read more here: https://lnkd.in/eNEbPcfb
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As we near the newest USDA Hogs and Pigs report, it is important to highlight that the evidence is clear: the last H&P report grossly overestimated the market-ready supply. Join Lacey Williams as she evaluates S&P Global Commodity Insights initial estimates and compares them with the harvest rates and profitability experienced in the hog sector across Q3 and what this means for the report coming on Monday. Caleb Hurst Kevin Coburn
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U.S. Beef and Pork Consumption Slips Lower. Last summer, we noted that the USDA's projections for meat consumption in 2023 and 2024 were bleak. While beef and pork consumption did dip, reality hasn't been as bad as initially anticipated. But remember, only considering changes in per capita consumption - and ignoring price changes - doesn't tell us anything about consumer demand. Read the full article here: https://lnkd.in/gHwWHzWg
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Despite rising U.S. beef, chicken, and pork exports, production and domestic availability are expected to grow even faster. By 2033, Americans will be consuming more of all three meats than in 2024. This trend is driven by growing incomes and a strong preference for animal proteins.? Learn more:? https://lnkd.in/ewrznb-e
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