USDA is making another $300 million available to U.S. agricultural export marketers under the Regional Agricultural Promotion Program (RAPP). The program was launched in 2023 with $1.2 billion from the Commodity Credit Corporation and is in addition to other cost-share export assistance efforts. Farm groups complain that the strong dollar is hurting overseas sales, though the data is less clear on that point. Based on data from USDA’s Economic Research Service, during the period 2001-2013 when the dollar was depreciating over 21 percent, U.S. agricultural export value rose 150 percent and there was a -0.9 correlation.
The agency has become more precise in its analysis and now delineates the dollar’s exchang...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
