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President Donald Trump's proposed tariffs on goods from Canada, Mexico, and China could potentially increase US home construction costs by up to $29,000, affecting housing affordability for Americans. The tariffs on lumber from Canada, in particular, could contribute significantly to the cost increase. The National Association of Home Builders has expressed concerns about the impact of these tariffs on construction costs and housing affordability, while some industry experts argue that the overall effect on home prices may be limited. Despite Trump's recent decision to delay tariffs against Mexico and Canada, the uncertainty surrounding trade policies continues to impact the lumber industry and construction sector. [Extracted from the article]

President Donald Trump's proposed tariffs on goods from Canada, Mexico, and China could potentially increase US home construction costs by up to $29,000, affecting housing affordability for first-time buyers. The tariffs on lumber from Canada, in particular, could contribute significantly to the cost increase. The National Association of Home Builders has expressed concerns about the impact of these tariffs on construction costs and housing prices, with some Canadian lumber mills already planning price hikes in response. Despite Trump's efforts to lower housing prices, the tariffs may further strain the housing market and construction industry. [Extracted from the article]

President Donald Trump's tariff plans on major agricultural trade partners like Mexico, Canada, and China could disrupt markets and lead to food-price inflation. These tariffs may impact fruit and vegetable imports, corn and pork sales, soybeans, canola oil, fertilizers, and lumber. The potential consequences of these tariffs on commodity prices and consumer costs are uncertain, with concerns raised by politicians and industry experts about the impact on American farmers and consumers. [Extracted from the article]

Brooke Rollins, the nominee for agriculture secretary under Donald Trump, expressed support for the president's plan for mass deportations, which could impact US farmers who heavily rely on foreign labor. Rollins emphasized her commitment to implementing Trump's agenda while also defending farmers and ranchers. The potential increase in labor costs due to deportations may affect food prices for consumers, as a significant portion of US crop farmworkers were undocumented. Rollins also mentioned plans to work on reforming the H-2A visa program for temporary farmworkers in collaboration with the secretary of labor. [Extracted from the article]

Brooke Rollins, President Trump's nominee for US Secretary of Agriculture, has pledged to support all fuel sources, including biofuels, despite her past opposition to them. Rollins, a former head of a conservative think tank, has emphasized the importance of fossil fuels and biofuels in achieving energy independence. The Trump administration is considering measures to boost biofuel sales, as the sectors of energy and agriculture have become more aligned. Rollins' confirmation hearing will provide clarity on her stance on biofuels, with advocates urging swift confirmation. [Extracted from the article]

President Donald Trump's nominee for US secretary of agriculture, Brooke Rollins, faces scrutiny over her past opposition to biofuels while leading a conservative think tank. The divide between traditional fuelmakers and biofuels has lessened, with more fossil fuel companies now producing products from corn and soybeans. Rollins' confirmation hearing will reveal her current stance on biofuels, as the industry looks for cues on her potential support. The Trump administration is considering steps to boost biofuel sales amidst a changing energy landscape that includes the rise of electric vehicles. [Extracted from the article]

Raw sugar futures have dropped to a four-month low due to improved supply forecasts from major producers like Brazil, India, and Thailand. The recent rains in Brazil have alleviated concerns about production, leading to a decrease in sugar prices. While consumption remains stagnant globally, the supply outlook is uncertain, with potential impacts on production in Brazil and India. Additionally, cocoa futures in New York saw a temporary increase in response to strong sales from Lindt & Spruengli AG, indicating resilient demand in the chocolate industry. [Extracted from the article]

Raw sugar prices increased due to lower sugar production in India, potentially leading to continued export restrictions. Indian sugar producers are seeking government permission to export surplus supplies, but domestic demand forecasts are lower than market estimates. Additionally, robusta coffee prices rose as wet weather in Vietnam disrupted harvesting, leading to a more measured increase in exports ahead of the Lunar New Year. Wheat prices in Chicago fell after four consecutive sessions of gains, while Paris wheat reached a six-month high due to concerns over tighter supplies and a weaker euro. [Extracted from the article]

Cocoa has emerged as the top-performing commodity in 2024 due to supply shortages in West Africa, causing prices to nearly triple. The market's volatility has led to record-high prices and challenges for traders and chocolate makers. Concerns about weather, crop disease, and low futures liquidity continue to drive cocoa prices to unprecedented levels, impacting the industry's ability to fulfill contracts and maintain profitability. [Extracted from the article]

California's milk production in November decreased by 9.2% compared to the previous year due to a bird flu outbreak affecting dairy herds in the state. Governor Gavin Newsom declared a state of emergency to address the situation, which has impacted around 650 dairy herds. Despite this decline, national milk production only fell by 1% year-over-year, with increased output in states like Texas and Idaho partially offsetting California's losses. StoneX Group Inc. analysts noted that California experienced the largest year-over-year decrease on record, leading to a significant impact on milk futures trading in Chicago. [Extracted from the article]

A Louisiana resident has been hospitalized with bird flu, the first severe human case in the US, with exposure to sick birds in backyard flocks. California declared a state of emergency due to an outbreak among dairy cows, giving agencies more flexibility to respond. The CDC stated that the risk of person-to-person transmission is low, with most cases in the US being mild, and is monitoring the situation closely for any potential vaccine needs. [Extracted from the article]

The Centers for Disease Control and Prevention reported the first severe case of bird flu in a Louisiana resident, caused by the H5N1 virus. The CDC stated that there is no evidence of person-to-person transmission and the risk to humans is low. The patient had contact with sick and dead birds in backyard flocks, and an investigation into the source of the infection is ongoing. Since April, there have been 61 reported human cases of H5 bird flu in the US, with most cases showing mild symptoms. [Extracted from the article]

A Louisiana resident has been hospitalized with bird flu, the first severe human case of avian influenza in the US. The patient had contact with sick and dead birds in backyard flocks, and investigations into the source of the infection are ongoing. The CDC states that there is no evidence of person-to-person transmission of the H5N1 virus, and the risk to humans remains low. The virus strain in the Louisiana patient is related to those found in wild birds in Washington and British Columbia, separate from the variant affecting dairy cows in the US. [Extracted from the article]

Cocoa futures have surged above $12,000 a ton in New York, hitting a new record due to concerns about reduced output in Ivory Coast, the top cocoa grower. Dry weather in West Africa is threatening production, with analysts predicting lower output in the coming months. The lack of rainfall and the Harmattan wind could further impact cocoa production, leading to a potential decrease in global supply. [Extracted from the article]

Cocoa futures have hit a new record in New York due to renewed supply concerns, potentially worsening the high costs affecting chocolatiers and consumers. Weak harvests in West Africa have led to a third straight supply deficit, with adverse weather further threatening farms and limiting the chance to rebuild global stockpiles. The surge in prices has led to concerns about a global deficit this season, with expectations that prices may ease next year as production increases and consumption decreases. [Extracted from the article]

The US agriculture industry has initiated discussions with Donald Trump's transition team to address concerns regarding tariffs and immigration policies. Various groups, including the National Grain and Feed Association and the International Fresh Produce Association, are advocating for issues such as trade disruptions with China and Mexico, as well as the need for foreign labor in agriculture. Despite some conflicting economic interests, industry leaders are engaging with the administration to expand visa programs for temporary workers and ensure market access for US agricultural products. The industry is also exploring strategies to maintain competitiveness in the global market, particularly in light of China's shifting crop purchases and regulatory challenges. [Extracted from the article]

The world's largest coffee trader, Neumann Gruppe GmbH, predicts that coffee demand will face challenges in the 2024-25 season due to price increases not being passed on to consumers quickly. Despite a 70% rally in Arabica coffee prices, consumption is expected to remain below 170 million bags, leading to a global shortage of 2 million bags. While emerging markets have recovered, mature markets in Europe and North America still have lower coffee demand compared to pre-Covid levels. [Extracted from the article]

The article discusses how the ongoing trade war between the US and China is impacting American farmers, particularly in the soy, corn, wheat, sorghum, pork, and cotton industries. China's shift towards sourcing these commodities from countries like Brazil and Argentina has led to a decrease in American exports and lower prices for US farmers. The trade war has also prompted China to diversify its suppliers, potentially impacting the long-term market share of American agricultural products. [Extracted from the article]

Mondelez International Inc. has made a new bid to acquire Hershey Co., driven by challenges like high cocoa prices and changing consumer habits. The potential deal could create a food group with combined sales of nearly $50 billion, posing a significant challenge to Mars Inc. However, the decision ultimately lies with the Hershey Trust, which controls the majority of the company's voting shares. Both companies are facing market disruptions due to inflation, new weight-loss drugs, and rising cocoa costs, making strategic acquisitions and diversification crucial for their future success. [Extracted from the article]

Mondelez International Inc. has made a new bid to acquire Hershey Co., driven by rising cocoa prices and changing consumer habits. The potential deal, if successful, would create a food group with combined sales of nearly $50 billion, challenging Mars Inc. as the top confectionery maker. Hershey's Trust, which controls 80% of the company's shares, will play a crucial role in deciding the outcome. The acquisition could help both companies navigate challenges in the chocolate market, with Mondelez looking to expand its distribution network and Hershey facing pressure from high cocoa prices and shifting consumer preferences towards healthier options. [Extracted from the article]

Florida is expected to produce the fewest oranges since 1930, with a forecast of 12 million boxes for the current season due to a hurricane accelerating the industry's downturn. This is a significant decrease from the prior season's output and reflects the ongoing challenges faced by Florida's citrus industry, including the impact of hurricanes and the citrus disease greening. The devastation caused by Hurricane Milton in October further exacerbated the situation, with more than 300,000 acres of citrus lands affected. Orange juice futures rose in response to the news. [Extracted from the article]

Volcafe Ltd., a major coffee trader, has reduced its forecast for Brazil's arabica coffee production due to a severe drought. The country is expected to produce 34.4 million bags of arabica beans in the upcoming season, down from a previous estimate of 45.4 million bags. This decrease in production is likely to lead to a global coffee deficit of 8.5 million bags in the 2025-26 season, the fifth consecutive year of deficits. The drought has had a significant impact on coffee trees, leading to blossom failure and reduced flowering, which may result in higher coffee prices for consumers. [Extracted from the article]

Volcafe Ltd., a major coffee trader, has reduced its forecast for Brazil's arabica coffee production due to a severe drought in the country. The new estimate predicts Brazil will produce 34.4 million bags of arabica beans, down by 11 million bags from a previous estimate. This decrease in production is expected to lead to a global coffee deficit of 8.5 million bags in the 2025-26 season, the fifth consecutive year of deficits. The drought has caused significant blossom failure in coffee trees, impacting the global supply and demand equilibrium. [Extracted from the article]

The Intercontinental Exchange (ICE) has introduced a new rule that will limit the delivery of genetically modified cane sugar in the US, potentially impacting Brazilian sugar supplies to the country. The rule requires traders to certify that the sugar being delivered is from traditional plant hybridization and selection methods, which may affect Brazil, the world's top sugar producer. While most of Brazil's sugar is not genetically modified, concerns over GMO sugar imports have prompted the new rule, which could complicate logistics and discourage the use of gene-edited varieties. [Extracted from the article]

The US government has issued a federal order mandating nationwide testing of raw milk for the bird flu virus, which has been affecting dairy cattle. This move aims to ensure the safety of farmers, farmworkers, and the milk supply chain, as well as to control and stop the spread of the virus. While the risk of infection to the general public is deemed low, the outbreak has impacted over 700 herds and led to recalls of raw milk products in California. Testing is set to begin in December, with herd owners required to provide information for disease surveillance. [Extracted from the article]

Cocoa futures have surged to $10,000 a ton, the highest in nearly six months, due to concerns over lower output in West Africa. Dry weather in Ivory Coast and Ghana, the world's largest cocoa growers, is impacting production prospects, leading to a tightening balance sheet and low stock levels. Additionally, Arabica coffee prices are also on the rise, with the most-active contract in New York gaining as much as 4% on Friday. [Extracted from the article]

The premium for arabica coffee over robusta beans has widened to the most since April 2023 due to concerns over tight supplies of arabica. Arabica futures surged more than 6% in the last two days amid worries about lower production in Brazil, the world's largest coffee producer. Global coffee supplies are tightening after disappointing crops in Brazil, leading to discussions about potential demand switching. Additionally, New York cocoa futures climbed to the highest in almost six months, with markets watching to see if prices will reach the key $10,000 level. [Extracted from the article]

The article discusses the challenges faced by chocolatiers due to the recent surge in cocoa prices, which have risen over 45% since October. Companies that depleted their cocoa stockpiles are now struggling to rebuild them at costly levels, while those who let their hedges slip are facing risks. The outlook for a cocoa surplus this season is uncertain, with concerns about heavy rains in West Africa affecting supplies. Wall Street is anticipating higher prices, with money managers holding bullish positions. [Extracted from the article]

The article from Bloomberg.com discusses how US lumber prices have been rising due to lower production in Canada and could see further increases following President-elect Donald Trump's proposed tariffs on Canadian goods. The tariffs could impact US lumber supplies, affecting housing affordability and exacerbating the nation's housing crisis. Despite the challenges, rebuilding efforts in hurricane-affected areas are slowly gaining momentum, which is expected to support strong lumber sales in the near future. [Extracted from the article]

The article discusses five key charts to watch in global commodities, highlighting the soaring prices of coffee's premium arabica bean, the supply deficit in the silver market, and the challenges Europe faces with expensive natural gas. It also mentions the potential clash between US President-elect Donald Trump's plans to increase shale oil production and the global crude oil glut, as well as President Joe Biden's efforts to boost clean energy falling short of expectations. The information is presented objectively, providing insights into the current trends and challenges in the global commodity markets. [Extracted from the article]

The article discusses five key charts to watch in global commodity markets, including the soaring price of coffee's premium arabica bean, the supply shortage of silver, and the impact of Europe facing more expensive natural gas. The demand for silver has outstripped supply since 2021, leading to a production shortfall and boosting prices. Coffee futures are at 13-year highs due to concerns over supplies from Brazil, while natural gas prices in Europe are expected to rise as the region refills storage sites. Additionally, President Biden's efforts to boost clean energy output are falling short of expectations, with the US on track to curb greenhouse gas emissions by 30% by 2030. [Extracted from the article]

Intercontinental Exchange Inc. is delaying changes in coffee and cocoa markets to comply with the European Union's deforestation regulation due to uncertainty over the implementation timeline. The EUDR, originally set for the end of 2024, faces a proposed one-year delay and additional changes requested by the European Parliament. ICE is postponing its plan until the end of 2025 to provide market participants with clarity on compliant products, regardless of the EUDR's status. The exchange's plan includes requirements for EUDR-compliant supplies and a transition stock for deliverable futures contracts. [Extracted from the article]

The US lumber industry is on track to surpass Canada's long-standing dominance due to decades of trade restrictions and tariffs. The US has increased import duties on Canadian softwood lumber, leading to a decline in Canadian sawmill capacity and closures. While the US South is benefiting from the situation, there are concerns about the impact on the Canadian sector and the potential for increased prices in the future. The trade dispute highlights how trade policies can reshape industries and create winners and losers. [Extracted from the article]

An outbreak of avian flu in dairy cows is affecting California farmers, with over 170 herds impacted since late August. The state accounts for nearly half of all US cases, leading to concerns about milk shortages and the industry's reputation. The disease has strained the dairy industry, with some cows needing to be euthanized or sent to slaughter due to decreased milk production. Despite the challenges, California's dairy industry has fared better than others, but the impact on individual farms is significant. [Extracted from the article]

Cocoa futures have dropped to a two-week low due to increased bean deliveries at ports in Ivory Coast, the world's largest cocoa producer. Heavy rains earlier disrupted cocoa farming, but improved weather conditions are expected to boost pod harvesting and drying. Mixed grindings data from different regions have raised concerns about cocoa prices impacting demand, with European processing showing a decline. [Extracted from the article]

The article discusses key trends in global commodity markets, focusing on oil, hurricanes, orange juice, iron ore, and electricity. Forecasts for oil consumption have turned bearish due to weakness in China, while the Atlantic hurricane season has been destructive, with five hurricanes hitting the US. Orange juice prices are up due to drought and disease in Brazil and Florida. Iron ore production is increasing despite challenges in China, and the shift towards electricity is predicted to lead to cheaper energy prices. [Extracted from the article]

Hurricane Milton has caused significant damage to Florida's citrus industry, which was already struggling due to the citrus disease called greening. The storm arrived just before the harvest season, resulting in oranges and citrus trees being left useless on the ground. The US Department of Agriculture's forecast for the upcoming season shows a 16% decrease in orange production, the lowest level since 1933. The industry is calling for state and federal assistance to support its recovery. The decline of Florida's citrus industry has been accelerated by storms like Milton, as well as lower demand and competition in the beverage market. [Extracted from the article]

Orange juice futures have risen as Hurricane Milton approaches Florida, with potential wind damage threatening a significant portion of the state's citrus production. The storm could cause trees to lose their fruit and uproot due to heavy rains and wind, exacerbating the impact of a citrus disease that has already affected the trees. Meanwhile, coffee prices have dropped as Brazil, the top grower, is expected to receive much-needed rain, which should improve soil moisture and flowering for the 2025 crop. However, analysts caution that it is still too early to predict the full recovery of coffee trees. [Extracted from the article]

Hurricane Helene has caused widespread devastation in the US Southeast, resulting in a humanitarian, economic, and ecological crisis. The storm has destroyed cotton crops, caused sewage and industrial chemicals to contaminate rivers, and damaged key parts of the power grid. The death toll continues to rise, with at least 166 confirmed dead and many others displaced. President Joe Biden has announced the deployment of 1,000 active-duty soldiers to assist with recovery efforts. The storm's impact on agriculture alone could lead to $7 billion in insurance payouts. Climate change is believed to be a contributing factor to the intensity of hurricanes like Helene. The region is still struggling to restore power and reopen roads, and the environmental damage caused by the storm is significant, with sewage and chemicals tainting rivers. [Extracted from the article]

Coffee futures for both arabica and robusta varieties have fallen in New York and London as traders keep an eye on inventories in Europe. The European Union's decision to postpone a law aimed at curbing deforestation has created uncertainty around certified coffee stockpiles held in European warehouses. However, the delay is not expected to offset the current tightness in global coffee supplies, with potential supply deficits due to dryness in Brazil and Vietnam. Commodity trading advisers are now liquidating positions in the cocoa and coffee markets. [Extracted from the article]

Hurricane Helene has caused significant damage to cotton crops in the southern United States just as harvest season was beginning. Between 400,000 to 800,000 bales of cotton may be lost due to the storm, representing up to 5.5% of total US production for the season. The hurricane hit the cotton at its most vulnerable stage, causing potential losses in yield and quality. This comes as cotton farmers are already facing a difficult year with lower prices and sales volumes. The full impact of the hurricane is still being assessed, and federal assistance is being requested to prevent further economic damage to the agricultural industry in the Southeast. Harvest may also face delays due to road closures and wet weather. However, there is potential for crops to recover if the weather improves. [Extracted from the article]

Hurricane Helene has caused significant damage to cotton crops in the southern United States just as harvest season was beginning. Between 400,000 to 800,000 bales of cotton may be lost due to the storm, representing up to 5.5% of total US production for the season. The hurricane hit the cotton at its most vulnerable stage, causing potential losses in yield and quality. Cotton farmers were already facing a difficult year, with lower prices and sales volumes, and the hurricane has compounded their challenges. Harvest may also be delayed due to road closures and wet weather. Some farmers are concerned that wet weather will cause the cotton to rot. A bipartisan group of legislators has requested federal assistance to prevent economic damage to the agricultural industry in the Southeast. [Extracted from the article]

Hurricane Helene has caused significant damage to agricultural operations in the southern US, particularly in Georgia. Poultry processing plants have been halted, and flocks have been severely affected. Cotton crops have been flattened, and pecan trees have been downed. The storm is expected to be more costly than Hurricane Michael in 2018, which caused $2.5 billion in agricultural damage. The impact of the storm on poultry production may further constrain growth at a time when demand is surging. Cotton producers have also suffered losses, with some reporting yield losses of up to 35% or a total crop loss. The damage will have long-lasting effects on cotton gins, agribusinesses, and rural communities. [Extracted from the article]

Coffee traders, including Sucafina SA, Ecom Agroindustrial Corp., Louis Dreyfus Co., and Cofco International Ltd., have made deals to sell deforestation-free coffee to Europe ahead of the European Union's new deforestation regulation. The regulation, set to take effect in December, requires importers to prove that commodities like coffee do not contribute to deforestation. Despite objections and calls for a delay from countries like Brazil and Germany, traders are confident that supplies from top producers Brazil and Vietnam can meet the requirements. The deals, which are for coffee produced in Brazil and Vietnam, are being sold at a premium of 3 to 5 cents to the price of futures traded in New York. [Extracted from the article]

Top coffee traders, including Sucafina SA, Ecom Agroindustrial Corp., Louis Dreyfus Co., and Cofco International Ltd., have made deals to sell deforestation-free coffee to Europe ahead of the European Union's new deforestation regulation. The regulation, set to take effect in December, requires importers to prove that commodities like coffee do not contribute to deforestation. Despite the lack of details on how to implement the rules and objections from countries like Brazil and Germany, traders are confident that supplies from Brazil and Vietnam can meet the requirements. The deals are for coffee produced in Brazil and Vietnam and are being sold at a premium of 3 to 5 cents to the price of futures traded in New York. [Extracted from the article]

Crop trader Olam Group Ltd. has been fined $3.3 million for delayed reporting of cotton sales to the US Department of Agriculture and the Commodity Futures Trading Commission. Olam delayed reporting five cotton sales to an Asian buyer in 2021, which were reported as much as five weeks late. The delay resulted in the publication of inaccurate and misleading information regarding cotton sales, potentially impacting the integrity of commodities pricing. Olam Group has agreed to pay the fine without admitting or denying the findings. [Extracted from the article]