ANALYSIS: US Harvest Pace Slows, Winter Wheat Seeding Lags as Storm Remnants Soak the Plains

US farmers hit a speed bump last week after weeks of running ahead of schedule, as the USDA's latest Crop Progress report showed corn and soybean harvest advancing more slowly than the prior pace amid widespread Midwest rainfall. Corn harvest reached 18% complete nationally as of September 27, matching the five-year average, while soybean harvest stood at 17%, also in line with historical norms. Crop conditions told a more cautious story: 57% of corn was rated good to excellent, unchanged from the previous...

ANALYSIS: El Niño Intensifies, What It Means for Brazil's Meat and Feed Macro Ingredient Markets

The National Oceanic and Atmospheric Administration (NOAA), through its Climate Prediction Center (CPC), issued a September 10 bulletin — tracked by Brazil's National Meteorological Institute (INMET) — showing an El Niño that has moved from La Niña conditions in January to a "very strong" event in under nine months, one of the fastest El Niño-Southern Oscillation (ENSO) reversals on record. The Niño 3.4 index, the standard reference region for ENSO strength, reached +1.8°C in the latest...

El Niño to Impact Trade? Panama Canal Could Suspend Vessel Bookings, Says Bloomberg

As of July 21, operators at the Panama Canal could curtail some vessel booking slots due to water-supply challenges, reported Bloomberg. Previously, Expana's team flagged this possibility during a June 25 webinar, according to Weather & Crop Researcher, James Tyler. Affected commodities could range from corn and soybeans, to fruit, vegetables, seafood, and more.

On July 7, the Panama Canal Authority (ACP) could reduce the maximum authorized vessel draft for its largest locks to 44 feet by...

USDA Launches TRUMP Mission to Argentina and Ecuador to Expand Market Access for American Farmers

The U.S. Department of Agriculture launched a Trade Reciprocity for U.S. Manufacturers and Producers (TRUMP) Mission to Argentina and Ecuador this week to open new markets and strengthen export opportunities for American farmers, ranchers and producers.

Built on the Reciprocal Trade and Investment agreements signed with Argentina and Ecuador earlier this year, the mission led by USDA’s Under Secretary for Trade and Foreign Agricultural Affairs, Luke J. Lindberg, aims to increase fair access to two of the Western Hemisphere’s fastest-growing markets.

“Our three-point plan has already reduced the agricultural trade deficit by 42%, and now, TRUMP trade missions like this one are turning new market access into true market share...

Trump Admin Roundtable Discussion: Bridge Payments to Farmers, Soybean Purchases, Fair Trade, EUDR

On December 8, US President Trump held a roundtable meeting with members of the US farming community, Agriculture Secretary Rollins, Treasury Secretary Bessent, and others at the White House to announce monetary support to farmers impacted by the US trade policy. 

The administration announced plans to provide $12 billion in tariff income-fueled support for farmers, to address the high costs of farm equipment, and to examine anti-competitive behavior in the food supply chain...

Tariff Talks 2025: Expana’s Weekly Rundown #32

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #32."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

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This week, the US administration has continued to pressure trading partners like India to curb imports of Russian oil as to sanction the country during its war with Ukraine, cited Expana...