2024 WASDE Report and First Human Bird Flu Death

2024 WASDE Report and First Human Bird Flu Death

Bob Larson
Bob Larson
From the Ag Information Network, this is your Agribusiness Update.

**The market was quick to react after USDA released the combined World Ag Supply and Demand Estimates along with its final Crop Production estimates for 2024.

Corn futures soared over 15 cents to the highest level since mid-June and soybean futures jumped to two-month highs.

USDA’s new outlook for wheat noted “slightly larger supplies and domestic use, unchanged exports, and marginally higher ending stocks.

**A 65-year-old with underlying medical conditions has become the first to die from avian influenza in the U.S.

Food Safety News says the patient was exposed to non-commercial backyard flocks and wild birds.

Bird flu outbreaks have been reported in multiple states since last April.

The Centers for Disease Control says there have been 66 human cases of bird flu in the U.S., with most being mild.

**The President-elect continues to have his eyes on the Panama Canal, as he reiterated in a recent press conference.

Asked if he would rule out the use of military force, Trump said he couldn't commit to that.

Instead, he emphasized the importance of the Panama Canal, saying, "Look, the Panama Canal is vital to our country, and it's being operated by China. We gave the Panama Canal to Panama, we didn't give it to China."

Panamanian officials say the canal's sovereignty is non-negotiable.

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