Tidbits, Budget Deficit, Rural Index, Soybeans Basis, Ethanol 10/17/25
- Wright team
- 12 minutes ago
- 4 min read
Tidbits
The U.S. budget deficit for fiscal year 2025 narrowed to $1.775 trillion, a decrease of $41 billion from the previous year, driven by record federal receipts, up 6% from 2024. The improvement was supported by record high tariffs and customs revenues. The fiscal year, ending September 30, 2025, covered nearly nine months under the new administration and marked the first annual deficit decline since 2022.
After buying $20 billion worth of Argentine pesos on 9 October, the U.S. is going to send another $20 billion to Argentina this month.
The Rural Mainstreet Index for a 10-state agricultural/energy region fell to 34.6 in October, its lowest since May 2020 and below growth neutral 50 points for the eighth time in 2025, with farming and ranch land prices dropping to 37 as farmland prices remain under pressure from high rates, input costs, and low grain prices; farm loan delinquencies rose to 1.6%, and the farm equipment sales index climbed only to 18.8, the 26th straight month below growth neutral; bankers’ confidence for the next six months stayed weak at 32.7.
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