Your Pro Farmer newsletter (Dec. 11, 2021) is now available

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USDA’s December crop reports turned into a yawner, as is often the case since there are no updates to the corn and soybean crop estimates this month. If there was a surprise, it was a bigger-than-expected increase to global wheat production. EPA this week released its RFS proposals, including retroactively reducing blending levels for 2020 and 2021, though the 2022 mandate for corn-based ethanol would return to the statutory level. Weather in South America is drawing more attention as dryness builds in southern Brazil and parts of Argentina, with forecasts mostly dry through month-end. Meanwhile, China has increased purchases of U.S. soybeans and aggressively bought feedgrains from France, Ukraine and Australia. Plus, inflation remains a focal point as central banks around the world, including the U.S. Fed, try to combat surging prices. We cover all these stories and much more in this week’s newsletter, which you can download here.

 

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