Even though many commodities, like oil, were exempt from tariffs, the broader economic effects are likely to take a toll if they continue.
The Soybean Innovation Lab addressed poverty in sub-Saharan Africa, but it was also “a huge opportunity” for U.S. growers, says Peter Goldsmith of the University of Illinois.
Much of the food distributed by USAID comes from small farms across the U.S.
Soybean supplies are up because soybean production is up. And soybean production is up because of China’s demand for it.
“Soybeans are down 18 cents today and then they could go up 50 tomorrow. Who knows?” said April Hemmes, a soybean farmer in Iowa.
It takes a “that’s farming, buddy!” attitude — and crop insurance helps, too.
Prices received by U.S. farmers are down 2.2% since last year. But you may not feel it at the grocery store.
April Hemmes was in the “Goldilocks spot” when it came to weather.
Austin Golding says his family’s barge business was able to plan ahead, but it’s still costing the company money and productivity.
Ukraine and Russia are big producers of sunflower oil, so turmoil in that market is roiling the edible oil markets.