Economists Estimate $55-100M Hit to Florida Agriculture Due to Hurricane Sally

 

I’ve posted several stories about the impacts of Sally on agriculture in the Southeast. This latest, from IFAS, indicates that the costs from Sally were between $55 and $100 million. Damage from 2018 Hurricane Michael was worse because the winds were stronger and lasted farther inland, but Sally dropped a lot more rain because it was moving so slowly, and the strong winds of the eye wall lasted a long time near the coast due to Sally’s slow motion, too. You can read more about their analysis and find a link to the report at http://nwdistrict.ifas.ufl.edu/phag/2020/09/25/economists-estimate-55-100m-hit-to-florida-agriculture-due-to-hurricane-sally/.

 

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.