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Major land uses
Excerpted from the Environmental Impact of Missouri Crop Production report
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U.S.–China trade war results in 25% decline in total U.S. soybean exports
The U.S.–China trade war has led to a 25% drop in U.S. soybean exports, disrupting global trade and impacting farmers and markets worldwide.
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African swine fever reduces China’s pork production
The U.S. Department of Agriculture (USDA) projects that by the end of 2019, China’s total swine inventory will be down by 18%. Indeed, the USDA estimated that the Chinese sow inventory was down 12% at the start of 2019.
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Corn prices headed up?
A significant reduction in corn production could push farm prices to $4.15 per bushel and Chicago Board of Trade prices near $4.50 per bushel.
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A glut of soybeans?
The U.S. soybean market faces potential oversupply due to trade disputes, high carry-in stocks, reduced Chinese demand, and possible acreage shifts.
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National planting progress data as of June 23, 2019
U.S. weekly crop update as of June 23, 2019: corn 96% planted, soybeans 85%, cotton 96%, with Missouri’s rice slowed by heavy rain.