Grains, Feeds and Fodders

Chile is the second-largest South American market for U.S. agricultural products. Solid political institutions and a stable macroeconomic environment, combined with high consumer purchasing power, make Chile a lucrative market for U.S. producers of wheat, cheese, pet food, alcoholic beverages, and other consumer-oriented products.

Several Spain grain supply chain actors have released their first estimates for grain production for MY 2023/24 and concur with the poor crop prospects.

Export rice prices decreased one percent due to the weakening of the Thai baht.

U.S. Secretary of Agriculture Tom Vilsack issued the following statement regarding today’s announcement by the Office of the U.S. Trade Representative (USTR) that the United States has requested dispute settlement consultations with Mexico under the United States-Mexico-Canada Agreement (USMCA). These consultations are in regard to Mexico’s agricultural biotechnology policies.

United States Trade Representative Katherine Tai today announced that the United States has requested dispute settlement consultations with Mexico under the United States-Mexico-Canada Agreement (USMCA).

Private exporters reported the cancellation of sales of 272,000 MT of corn for delivery to China during MY 2022/2023 marketing year.