Corn Up-Soy and Cotton Down and Food Security Improves
From the Ag Information Network, this is your Agribusiness Update.
**Corn production is up, while soybean and cotton production is down from 2024, according to the Crop Production report issued by USDA’s National Ag Statistics Service.
Corn production is up 13% from last year, soybean growers are expected to decrease production by 2%, and cotton production is down 8%.
Planted and harvested acreage estimates for corn, cotton, and soybeans were reviewed again this month based on all available data.
**Food security is estimated to improve in 2025 in most of the 83 countries included in the Global Food Assessment, published annually by USDA.
In 2025, per capita incomes in the GFA countries are projected to grow by 3.7% and food price inflation is expected to ease.
With this improved food access, the number of food-insecure people is estimated to decrease more than 26%.
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**Butter prices have fallen to their lowest level since November 2021.
Ever.Ag dairy analyst Katie Burgess wonders why prices are falling at a time when demand typically increases, and could consumers see more aggressive grocery store promotions heading into the holiday season?
Burgess says the collapse is largely driven by record-high butterfat levels on U.S. dairy farms which has led to an abundance of cream and a surge in butter production.
