USDA will release its May Crop Production and World Agricultural Supply
and Demand Estimates (WASDE) report on Monday, May 12. In the WASDE report,
USDA will take another crack at old-crop demand estimates while simultaneously
flipping the script to 2025-26 with new-crop forecasts.
BUSDA Report Preview
At an event in the White House, President Donald Trump said the United
Kingdom had agreed to greater market access for billions of dollars of American
exports. In a fact sheet, the White House spotlighted greater access for
agricultural products that included, "Ethanol, beef, cereals, fruits,
vegetables, animal feed, tobacco, soft drinks, shellfish, textiles, chemicals,
machinery and more."
BTrump Champions UK Trade Deal
Under the details released on Wednesday, livestock producers can sign up
for losses tied to drought and wildfire at the end of May. Crop producers who
suffered income losses in 2023 or 2024 due to natural disasters are expected to
be able to sign up for certain payments in July. Some uninsured losses will not
have sign up until September.
4^More Details on Disaster Aid Enrollment
The Federal Trade Commission continues its antitrust lawsuit against
Syngenta and Corteva despite administration change, alleging loyalty programs
block cheaper generic pesticides from reaching farmers.
1^Trump FTC Continues Pesticide Lawsuit
With no revision higher to past production estimates, canola stocks remain
uncomfortably tight.
:^Canada Markets
