First Thing Today | Aug. 31, 2021

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.

Evening Report | Aug. 30, 2021

Rains help corn and soybean condition ratings hold steady. Grain terminals assessing damage from Hurricane Ida. Statistics Canada confirms sharply reduced crop prospects.

Statistics Canada confirms sharply reduced crop prospects

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.

trade cargo
Corn and wheat inspections disappoint

Soybean inspections were stronger than the market anticipated, but expectations were limited and the amount of beans inspected for export were well under year-ago levels.

First Thing Today | Aug. 30, 2021

More rain for northern areas of the Midwest, Ida causes limited crop damage. IKAR reports Russian wheat prices still climbing. The real price tag of “social” infrastructure measure.

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First Thing Today | Aug. 27, 2021

More rain for the Midwest, Delta producers brace for Hurricane Ida. Big jump in Russian wheat export duty. Fed’s annual Jackson Hole Symposium underway. China’s pork imports will rise in 2022.

Reuters reports EPA proposing retroactive lowering of 2020 RFS mandates

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.