United States Agriculture & Food insights

Chicago Board of Trade wheat futures jumped on Friday as U.S. farmers moved closer toward finishing the nation’s winter wheat harvest. Spillover support from gains in CBOT corn and soy helped support wheat, traders said. U.S. wheat markets are no longer facing such heavy pressure from winter wheat harvesting because it is winding down in key states, analysts said. In the U.S. Plains, the hard red winter wheat harvest was largely complete, and selling by farmers was slow, merchants said. The U.S. Department of Agriculture is slated to issue a weekly update on harvest progress in a report on Monday. French farmers had harvested 71% of the soft wheat crop by July 14, with field work well ahead of the usual pace, data from farm office FranceAgriMer showed. Traders said they continued to monitor low arrivals of new-crop wheat at ports in Russia, the world’s biggest wheat exporter. Slow farmer selling has hindered export business there, especially for high-protein wheat, they said. CBOT ...

The U.S. wheat industry has received a major boost as Indonesia’s flour milling association APTINDO signed an agreement with U.S. Wheat Associates (USW) to double its wheat purchases from the United States. Under the new Memorandum of Understanding (MOU) signed on July 7, APTINDO committed to buying 1 million metric tons of U.S. wheat annually

U.S. Tariff Deadline Countdown Minimum 10%, Maximum 30% Starting August 1, 2025, the United States will impose import tariffs of at least 10% on almost all shrimp source countries, with tax rates for major Asian exporters expected to reach up to 30%. On July 8, Trump announced that if trade agreements expanding U.S. product imports are not accepted, tariffs of 36% on Thailand, 35% on Bangladesh, and 32% on Indonesia will be imposed. To date, Indonesia has reached an agreement with the U.S. on July 15, locking shrimp product tariffs at 19%; Vietnam and Thailand are expected to reach agreements around 20%, while India is still in negotiations with a target range of 10%-20%. In comparison, Ecuador maintains tariffs at the 10% level, preserving a significant tax rate advantage. Due to its diverse export structure to the U.S. and strong processing capabilities, Ecuador is accelerating the layout of value-added shrimp products, attempting to further erode traditional Asian market shares. Latin American Pricing Trend Stabilizes Small Sizes Slightly Increase In the U.S. wholesale market, Latin American white shrimp (HLSO) block prices remain stable, with HOSO products seeing a slight rebound in 70-80 sizes. P&D products across various sizes are generally rising, with tail-on shrimp prices increasing in 13-15, 21-25, 26-30, 41-50 sizes, and tail-off shrimp in 61-70 and 71-90 sizes recording moderate increases. Ecuador is accelerating its penetration of the U.S. mid-to-high-end market, especially breaking through in P&D, cooked, and deep-processed segments. Some U.S. importers suggest that if Asian countries cannot control costs or secure lower tax rates, Latin American white shrimp may become the dominant force in the new market "normal". Asian Shrimp Price Pressured, Seeking Differentiated Breakthrough Although overall HLSO prices for Asian white shrimp remain stable, with tail-on shrimp prices unchanged, tail-off categories are comprehensively rising, and easy-peel shri