Farms.com Home   Ag Industry News

Vilsack and Ritz will attend G20 meetings

Agricultural Ministers Meeting will take place in Istanbul, Turkey

By Diego Flammini, Farms.com

United States Agriculture Secretary Tom Vilsack will join 19 of his colleagues at the G20 Agriculture Ministers Meeting scheduled to take place from May 7th – 8th in Istanbul, Turkey.

"The G20 ministerial provides an important platform for agricultural leaders to discuss efforts to improve food security around the world," said Vilsack. "From the U.S. perspective, reducing post-harvest loss and food waste play a major role in this effort. We also believe that nations must acknowledge the important role that science plays in increasing crop production and the role that open, rules-based trade can play in growing economies and fostering food security in the face of a changing climate."

Secretary of Agriculture Tom Vilsack

After the G20, Vilsack will make his way to Amman, Jordan, to take part in signing a government-to-government food assistance agreement.

The G20 supports international economic cooperating and decision making. It consists of 19 countries and the European Union. The G20 is responsible for about 85% of the global GDP, over 75% of global trade and about two-thirds of the world’s population.

One of the other countries that will be represented at the G20 is Canada.

Minister of Agriculture Gerry Ritz

Canada’s Minister of Agriculture Gerry Ritz will attend the meetings with the hopes of building on the relationships formed by some legislation including the Canada-Korea Free Trade Agreement. Ritz will also hold meetings with other agriculture ministers to improve Canada’s agricultural standing other countries.

"Agricultural trade and innovation are fundamental for economic growth and global food security,” said Minister Ritz. “Our Government believes in the ongoing importance of cooperative efforts through the G20 to promote global growth and prosperity.”

Join the conversation and tell us the kind of news you’d like to hear come out of the G20 Agricultural Ministers Meeting.


Trending Video

2025 USDA December Crop Report a “Dud” + Trump $12 Billion U.S. Farm Aid

Video: 2025 USDA December Crop Report a “Dud” + Trump $12 Billion U.S. Farm Aid


The USDA December crop report was friendly corn, neutral soybeans and bearish wheat. The USDA did surprise and increase the 25/26 U.S. corn export forecast to a new record high at 3.2 billion bushels now up 12% vs. last year vs. prior at +9% vs. the export pace to date up 30% the best in 10 years even higher than 20/21! The USDA left the 25/26 U.S. soybean export pace unchanged at 1.635 billion bushels. Higher global wheat supplies will remain a weight and headwind for wheat into year end and start of 2026.
Mexico is now the #1 buyer of U.S. corn, soybeans (usually China), wheat and pork!
USDA also released its long-term early projections but expect more changes by February of 2026.
Trump announces a $12 billion U.S. farmer aid package to be paid out by February 28, 2026. This helps no one but the ag banks, farm equipment companies, seed and fertilizer companies. It does prevent more farmer bushels from being sold near-term but is not bullish grain prices long-term. The Trump administration should focus on increasing U.S. domestic demand and propping up grain futures so farmers can cover their higher costs, up since COVID of 2020.
The China U.S. soybean purchase tracker now stands at 4.521 mmt or 38% of the 12 mmt promised by China at year end or is it end of February or the growing season? Why the discrepancy vs. the fact sheet. The optics are poor for the Trump administration.
After surging to contract highs U.S. natural gas futures plunged over 30+% in just 5-trading days!
Silver traded to new record highs as the debasement and de dollarization trade continued but technicals remain overbought near-term.
Soybean futures remained in correction mode after the funds went record long futures on Nov. 19 +233,000 contracts but the $10.80 support should hold into year end when the fund profit taking/liquidation comes to an end from the year end, end of month and end of quarter selling.
The U.S. Fed cut interest rates for the 3rd time by 25 basis points to a range of 3.50 – 3.75% and they will only cut one more time in 2026 and once in 20267/ but when Powell is gone next April the replacement is willing to cut more aggressively and we could see U.S. interest rates fall to 2.0% very bullish for ag and stocks as it could reignite inflation into 2027.
After 2 months of being drier than normal in Brazil the rains have finally arrived for the 1st half of December, and a record crop is still in the cards but if this pattern continues and verifies it could start to delay the harvest. Argentina after being too wet has turned dry but they are too small, compared top Brazil in the grand picture.
The Canadian dollar surged to $0.73 after better-than-expected employment data with 180,000 new jobs in the past 3-months and 3rd quarter GDP at +2.6% but this could be short-lived.
The latest CFTC report as of 11-19-2025 reported a record long fund position in soybeans at +233,000 contracts when 2026 March soybean futures peaked on 11-19-25 at $11.724/bu.