Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Prices for U.S. agricultural export rose in February
    Commodities

    Prices for U.S. agricultural export rose in February

    March 19, 20253 Mins Read


    There was some inflation data out this week that didn’t get a lot of attention. Not the consumer price index, not the Federal Reserve’s go-to personal consumption expenditures report, but import and export prices.

    Higher energy costs sent import prices higher in February. Export prices rose too, driven mostly by agricultural products like corn, soybeans and meat.

    Part of what’s going on has to do with demand, said Glynn Tonsor, an agricultural economics professor at Kansas State University.

    “Each month I put out something called the export demand index. And that particular index has been increasing basically throughout calendar year ‘23 and ‘24,” he said.

    Tonsor said that was mostly thanks to a decent global economy. 

    But these days, he said the uncertainty around tariffs has also been pushing up demand, especially for American beef, pork and chicken.

    “If you think we’re moving towards a world where there’s going to be less trade, then yes, it makes sense to kinda proactively buy some of those, get your hands on those items,” he said.

    But along with demand, supply has been pushing up prices too.

    Back in January, the U.S. Department of Agriculture reported that the fall harvest wasn’t as big as anticipated.

    “That was the prompting reason why corn and soybean prices then raced higher in January and early February,” said Naomi Blohm, senior market adviser with Total Farm Marketing.

    She said higher export prices can be welcome news, especially for corn growers.

    “There’s not a lot of places that the world can get corn from. It’s the United States. We grow about a third of the world’s corn,” she said.

    But American soybean farmers have a lot of competition from Brazil and Argentina, Blohm said.

    And the concern is that if soybean prices get too high, buyers will look elsewhere, especially as the trade war continues.

    “The risk going forward would be: So we lose export demand because of the trade and tariff issues potentially coming,” Blohm said.

    That means a lot of farmers wouldn’t benefit from today’s higher prices, said Aleks Schaefer, a professor of agricultural economics at Oklahoma State University.

    “We have to make decisions today about how many animals we’re raising, how much meat we’re going to produce in six months, based on what prices are going to be tomorrow,” he said.

    If those tariffs reduce demand for products like soybeans, which have a lot of competition, farmers might cut back on production.

    Tonsor at Kansas State said that could also happen to pork or chicken producers, who also have a lot of global competitors.

    “That’s the concern on when you disrupt trade: You encourage somebody to build a new business relationship, and if and when they do, they may not come back,” he said.

    There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

    You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

    Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Oil holds advance as traders focus on supplies and Fed fallout

    Commodities

    Towards an Agricultural Price Commission: Safeguarding Farmers’ Livelihoods

    Commodities

    This Week’s Japanese Game Releases: Metal Gear Solid Delta: Snake Eater, Lost Soul Aside, Super Robot Wars Y, more

    Commodities

    ‘Could fundamentally change how we power our world’

    Commodities

    Your energy drink habit may lead to debilitating nerve damage – and it takes far less than you’d think to reach a toxic overdose

    Commodities

    the nu-metal giants keep the hits rollin’ in

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    le solaire comme palliatif pour le secteur minier en Zambie

    Investments

    La municipalité de la région de l’Est met fin aux contrats de stationnement conclus avec Batic Investments and Logistics Unit -Le 06 mars 2025 à 16:47

    Commodities

    US cars and energy to flood Europe as Trump strikes trade deal

    Editors Picks

    UK property sales activity at highest level since 2020 boom

    October 29, 2024

    Latest Market News Today Live Updates July 20, 2024: Wipro vs TCS vs Infosys vs HCL Tech: Which IT stock to buy after Q1 results 2024?

    July 20, 2024

    Emirates Airlines Embraces Digital Currency: The Agreement with Crypto.com Will Take Effect in 2026 | Cryptocurrency News

    July 10, 2025

    Agriculture Education: In the Classroom, At Home and On the Farm | The Zipline

    August 28, 2024
    What's Hot

    Texas plans to spend $51 billion on property tax cuts

    April 14, 2025

    NJ real estate buyers and sellers have more leverage starting Aug. 1

    July 20, 2024

    Public Property Invest acquiert une propriété norvégienne pour un montant de 131 millions de couronnes norvégiennes -Le 27 janvier 2025 à 16:31

    January 27, 2025
    Our Picks

    Sarah Harkcom, directrice juridique chez Scientist.com, remporte le prix « Innovation Trailblazer » de European Legal Innovation & Technology

    June 5, 2025

    North Carolina House Speaker Destin Hall backs cryptocurrency bill | WFAE 90.7

    March 3, 2025

    From Hollywood Star To Business Tycoon: Priyanka Chopra’s Strategic Ventures And Real Estate Investments

    July 15, 2024
    Weekly Top

    Gold and Silver About to ‘Beeline’ to All-Time Highs, According to Fundstrat Analyst

    August 24, 2025

    Cryptocurrency Live News & Updates : Shiba Inu Price Faces Potential Volatility Ahead

    August 24, 2025

    Cryptocurrency: unlocking the digital vaults

    August 24, 2025
    Editor's Pick

    Fortitude Gold Drills 9.14 Meters Grading 2.33 g/t Gold Within 16.76 Meters Grading 1.58 g/t Gold at Scarlet North

    July 30, 2024

    What is the Future of Menstrual Care After Toxic Metal Found in Tampons?

    July 12, 2024

    The future of stablecoin: Why banks and fintech firms must work together

    August 11, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.