Warm, dry outlook concerning for winter wheat producers. Dryness expands in southern and eastern areas of the Midwest as growing season wanes. Grain union boosts Russian wheat crop estimate on improving yields.
Unexpected rise in NOPA’s August crush. China scrambling to cover near-term soybean needs. Russian winter wheat acres expected to dip vs. last year’s record.
Cargill reopens one Louisiana grain terminal. StatsCan slices its crop estimates, again. FAPRI expects net farm income to retreat from 2021’s strong level in 2022.
Markets firm after USDA's September reports. Some surprises on the carryover front. AFBF and tax experts weigh in on Vilsack’s op-ed on stepped-up basis.
Conab once again lowers its Brazilian corn crop forecast. Abiove raises Brazilian bean crop peg, but trims its export forecast. Blockades cleared from Brazil’s highways.
IHS market raises U.S. corn crop outlook, lowers bean crop forecast. Hiring slowed dramatically in August. U.S. exports of pork retreated in July, while beef shipments ramped up.