Agriculture News
![“Asian exporters are paying premium shipping rates, sometimes 10 times what the rate is for going from the [United] States back to Asia, and this shipping rate disparity incentivizes sending back those empty containers,” Borror said.](https://assets.farmjournal.com/dims4/default/92c7bcd/2147483647/strip/true/crop/840x561+0+19/resize/250x167!/format/webp/quality/90/?url=https%3A%2F%2Ffj-corp-pub.s3.us-east-2.amazonaws.com%2Fs3fs-public%2F2021-02%2FExport-ship-840.jpg)
Old-crop corn sales topped expectations, while new-crop sales were right in line with what the market expected. Exports of the grain held above 2 MMT.
Argentina’s Agroindustrial Council (CAA) issued a statement today saying Argentine meat producers will continue to hold talks with the government with the goal of lifting a one-month suspension on exports of beef.
On the High Plains, temperatures were cool and rain fell, but that did little to change drought conditions in the region.
While dairy operations are working to expand, finding millions of more cows is challenging, feed costs are high and both land and water are scarce.
Yesterday, Brazil’s Infrastructure Minister Tarcisio de Freitas said efforts to save water and direct it to power generation will inevitably disrupt navigation on the Tiete-Parana waterway.
Boxed beef, pork cutout value continue to rise amid strong meat demand
Argentine cattle producers are slated to end their halt to meat sales at midnight tonight, but the ban could be renewed and extended to grain sales.
The market is breathing a collective sigh of relief that the outage was short-lived.
As rumored, the ethanol producer POET announced Tuesday it had acquired Flint Hills Resources’ entire ethanol business.
Chip Flory and Jim Wiesemeyer discuss the infrastructure bill and other policy matters pertinent to agriculture.
Highlights from today’s USDA Crop Progress and Condition Report.
Purdue University and CME Group report the Ag Economy Barometer dropped 20 points during May to a reading of 158 points, the lowest since September 2020.
JBS is the world’s largest meatpacker and it controls around 25% of all U.S. beef capacity and roughly 20% of its hog slaughter capacity.
Initial Pro Farmer corn CCI rating is 4.7 points above the five-year average
An already low spring wheat CCI rating falls even further below the five-year average
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Grain and soy futures are sharply higher to start the week after a weekend frost. Live and feeder cattle futures are under pressure with lean hogs mixed.
Wheat inspections dropped notably from last week’s strong showing. Soybean inspections were lackluster, as expected.
Temperatures dipped below freezing over Memorial Day weekend in the Upper Midwest and Northern Plains, raising questions about slowed development and the possibility some replanting will be needed.