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North American agribusiness review April 2025

23 April 2025 14:52 RaboResearch
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A market outlook for dairy, cattle, wheat, and other key commodities for the North American market, along with the developments to watch in the coming months.

Rabobank

North American agribusiness review April 2025 This periodical update provides a market outlook for dairy, cattle, wheat, and other key commodities, and gives an overview of what developments to watch in the upcoming months in North America.

    Economy: A tariff-induced recession? Climate: Elusive moisture may ruin the planting party Logistics: What is global trade? - Consumer: Worsening consumer sentiment jeopardizes what was expected to be a recovery year Cattle: Stronger beef and cattle demand across N. America provides the markets with some resiliency in early 2025 Corn: Can growers capitalize on improved old-crop fundamentals? Dairy: Milk production returns to growth, but tariff risk persists Farm inputs: Breadth of tariffs significant, even after rate reduction Fruits: Citrus prices are under pressure, while avocado prices continue to be strong for larger sizes Pork: Trade disruption begins to weigh on pork values, producers remain cautious Poultry: Chicken markets strengthen into spring, even as production increases Soybeans: SBO exports throw the complex a temporary lifeline Tree nuts: Short-term market fundamentals continue to support prices Vegetables: A smooth transition of the season for leafy greens provides insights of reliable supplies this spring Wheat: A “yes, but” market Cotton/Sweetener: Cheaper dollar and decreased production point to higher prices for 2025/26 crop / Increasing supply

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North American agribusiness review April 2025

Previous editions

NA agribusiness review February 2025
NA agribusiness review October 2024
NA Agribusiness Review August 2024
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The information and opinions contained in this document are indicative and for discussion purposes only. No rights may be derived from any transactions described and/or commercial ideas contained in this document. This document is for information purposes only and is not, and should not be construed as, an offer, invitation or recommendation. Read more