The USDA increased its domestic cotton and rice ending stocks estimates. U.S. rice stocks are now pegged at 47 million hundredweight, up 3.5 million from January on higher imports and lower exports, which canceled out a gain in the domestic and residual use guess. The average 2024/25 farm price was cut $.20 to $15.40 per…… Continue Reading
A University of Missouri extension economist says there are signs the U.S. economy is slowing down. Ben Brown says consumers purchasing less goods impacts farmers. “Meat, and meat demand, and how that could impact grain markets,” he says, “but also how fuel consumption could impact not only ethanol and gasoline consumption, but also movement of…… Continue Reading