CHS says it could be up to a month before power restored at its Louisiana grain terminal. Consultant cuts Brazilian corn crop. Covid-19 hits China's service sector. Final U.S. military plane left Kabul.
Its July Estimates Production of Principal Field Crops report shows durum wheat crop prospects down 39.2% from the 2020 season at nearly 4.00 MMT, with spring wheat crop prospects down 37.7% at 16.10 MMT.
Reuters is now reporting two of its sources indicate EPA has proposed retroactively lowering the 2020 Renewable Fuel Standard blending obligations in a nod to reduced fuel demand due to the Covid-19 pandemic.