Cotton export sales impress

China accounted for more than half the 453,000 RB in 2021-22 crop sales.

First Thing Today | Sept. 10, 2021

Bigger corn, soybean crop estimates expected. ADM expects to resume export loadings at two Louisiana terminals by month’s end. Russia again hikes tax on wheat exports. Lawmakers announce bill to restore beef MCOOL.

Conab once again lowers its Brazilian corn crop forecast

Brazilian government statistics agency now estimates Brazil’s total corn crop at 85.75 MMT, a 901,000-MT decline from its August production estimate and a 16.4% retreat from 2019-20.

First Thing Today | Sept. 9, 2021

Hurricane Ida disrupting flow of grains, oilseeds to Asian buyers. Trucker strike in Brazil having limited impact on grain exports so far. Price pressures, slowing rate of growth in U.S. economy keys in Beige Book

Meat
U.S. exports of pork retreated in July, while beef shipments ramped up

China’s July pork shipments from the U.S. plummeted 62.2% from year-ago.

First Thing Today | Sept. 3, 2021

August jobs report on tap. StoneX raises U.S. corn and soybean yield forecasts after welcome rains. Russia has once more hiked its weekly tax on wheat exports. Manchin to Dems: Hit 'pause' on Biden's $3.5 trillion plan.

Heavy rain eases drought in the western Corn Belt

This week’s National Drought Monitor reflected widespread improvement across areas of the Midwest and eastern parts of the Central and Northern Plains in response to beneficial rainfall.