China raises minimum purchasing price for wheat for first time since 2014. Attaché lowers forecast for Argentine soybean plantings. Is inflation transitory or structural? UAW has called a strike against Deere & Co.
Initial tapering efforts will likely include cutting $10 billion a month in Treasury buys and $5 billion a month in mortgage-backed securities purchases.
FOMC minutes signal tapering of QE could begin as soon as mid-November. Latest CPI update shows inflationary pressures linger. EIA calling for ‘significantly’ higher spending on home heating this winter.
Chinese bean buying slows in September. Certified acreage data release delayed. Americans quit their jobs at a record clip in August. Atlanta Fed chief says U.S. jobs slowdown should not derail taper timeline.
USDA raises corn and soybean crop estimates, boosting ending stocks. Corn and soybean harvest progress about as expected. IMF trims global growth outlook
Corn and wheat inspections were in the lower half of analysts’ expectations and down from the week ending Sept. 30, with exporters focusing on soybean shipments as Louisiana ports reopen.
Corn, soybeans soften leading up to USDA’s reports. Wet late-season weather lowers Chinese corn crop prospects. Timely soybean planting for Brazil. Russian wheat export prices climb for the 13th week in a row.
Rains easing drought on northern Plains. Cargill shifts some soybean exports to Texas as repairs to Louisiana facilities continue. U.S. energy prices climbing. Prices rising for hogs on China’s spot & futures markets.
Another disappointing jobs report for September. Mexico quietly rejects application for GMO corn imports. Iowa records another record-breaking farmland sale.
Strong September jobs report expected. Onslaught of late-season rains for northern China raises quality concerns. Senate passed a short-term extension of the debt limit. Waiver system for pork processing line speeds
Several rounds of storm systems led to some drought improvement to the Midwest and Plains the week ending Oct. 5, but drought/dryness worsened in areas that missed out amid unseasonable warmth.
Corn export sales handily topped expectations the last week of September, with more export facilities reopening and fresh supplies in the U.S. pipeline. Sales were up sharply from sub-400,000 MT in recent weeks.
Global food prices up nearly a third from year-ago. Farm optimism slides as inputs rise, ag trade prospects dim. Debt limit ceasefire. Russia offers to ease Europe’s gas crisis, with stipulations.
“The August export results would be impressive under any circumstances, but achieving these totals despite all the Covid-related obstacles at home & overseas is truly remarkable,” says USMEF President Dan Halstrom
Attaché: China to bring in 30 MMT of corn in 2020-21 & 20 MMT in 2021-22. Biden: ‘Real possibility' Dems could revise Senate rules to counter filibuster. PCR sales soared in Wuhan before first official Covid-19 cases.
Cordonnier maintains U.S. crop estimates, notes ‘surprisingly good’ bean yields. Russian wheat prices still rising. Another Chinese developer has fallen into crisis. Biden warns U.S. could default, blames McConnell.
The National Weather Service revised its one-month temperature and precipitation outlooks at the start of October, including some significant changes on the precipitation front.
While shipment tallies improved notably as more export facilities reopened at the Gulf, the amount of beans inspected for export was still well under year-ago. USDA also made significant revisions to last week's data.
Soybeans drop to a six-month low. Dry weather holding back winter wheat planting in Russia. Canadian canola exports down sharply from year-ago. Biden administration to lay out China trade policy.
Welcome moisture for HRW wheat areas. Soybean crush expected to hit four-year low for August. Russian wheat tariff will hit a new high next week. Euro-zone inflation hits highest level in 13 years as energy prices soar.
Soybeans the surprise in the September Grain Stocks Report. Senate approves stop-gap government funding bill; measure now heads to House. Iowa cropland values surge 19%.
On the other hand, USDA’s quarterly wheat stocks estimate was 72 million bu. lighter than analysts anticipated. Find more highlights from USDA's latest Quarterly Grain Stocks Report and Small Grains Summary.
Warm, dry weather dominated the western half of the U.S. the week ending Sept. 28, while some welcome rain fell in some areas of the Midwest, the Mid-Atlantic and into the Northeast.
Light buying as market readies for USDA reports that have historically sparked volatility. China’s official PMI dips into contraction territory. Lawmakers to vote on measure averting a government shutdown today.
CHS’s Myrtle Grove terminal reopens. Cyclone damages Indian crops. Senate preparing ‘clean’ stopgap spending measure to fund government agencies until Dec. 3. Argentina lifts cap on beef exports.
Cordonnier cuts U.S. corn yield estimate. CNGOIC official expects strong Chinese grain imports in 2021-22. World Weather says western HRW wheat areas should see some dryness relief this week.
Analysts expect record Brazilian bean crop of nearly 144 MMT. Drying to worsen on the U.S. Plains, Canadian Prairies. More than 12,000 migrants from Del Rio surge have been released into U.S. Bullish H&P Report Friday.
Rains have Argentine corn planting off to a quick start, but more needed. China the lead buyer of Australian wheat, despite tensions. Likely outcomes for key congressional issues.
On average, analysts surveyed by Reuters expect USDA will report the Sept. 1 hog herd around 77.101 million head, down 1.7% from year-ago. The report will be released at 2:00 p.m. CT Friday.
Drought worsens across winter wheat country. IGC boosts global corn crop forecast for 2021-22. Framework deal announced to pay for human infrastructure measure, but details lacking,
Warm, dry weather favored crop maturation and harvesting across much of the country the week ending Sept. 21, with topsoil moisture sliding for newly planted winter wheat.
But sales of soybeans, soymeal and cotton were strong the week ending Sept. 16, signaling optimism operations will get back to normal in time for the peak shipment period.
Warm, dry fall and winter could lead to low water levels on the Missouri River. When will Senate vote on combined CR/debt suspension bill? China lowers sow herd target in five-year plan.
Reuters' report seems to line up with comments from Senator Grassley regarding the RFS on AgriTalk today. And Ag Secretary Vilsack's comments on the show seemed to pave the way for lower numbers.
Hurricane Ida made a thin input supply situation worse. Fed focus is on taper timing amid mixed economic signals. CR with debt suspension bill clears House but expected to be defeated in Senate.
The presence of the virus in the Americas paired with a surge in Haitian migrants at our southern border heightens concern the highly contagious disease could make its way to the U.S.