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Per Bloomberg. Hmm. Dedication to 12 mn metric tons (MMT) “this yr” (calendar, market?).
Determine 1: Figures as much as pre-meeting, black bars; purple bar, dedication assuming 12 MMT pertains to CY2025. Supply: Bloomberg.
Supply: Barchart.
Say web farm earnings rises by about $3 bn. That doesn’t appreciably change the outlook for web farm earnings, as proven right here (mentioned right here):
Determine 2: Farm web money earnings (daring black line), authorities help (tan bar), remainder of earnings (blue bar), bills (inexperienced bar), all in bn2025$. 2025 determine is ERS estimate. Supply: ERS USDA (Sept 2025).
I’ll say, given the report of compliance of the Chinese language in purchases throughout Trump’s “Part 1” of the US-China deal, I’m not sanguine.
Supply: Bown/PIIE.
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