Agriculture News
If the review justifies any changes, NASS will publish updated planted and harvested acreage estimates in the Sept. 10 Crop Production Report.
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It expects Canada’s 2021-22 all wheat crop to drop 15.01 MMT (42.7%) from last season to 20.18 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.
Areas of the Midwest and High Plains received welcome rainfall the week ending Aug. 24, leading to localized drought improvement. But areas that missed out saw drought conditions worsen over the past week.
Sales of old- and new-crop corn were in line with expectations. Soybean sales were strong, as expected, with much of the business known thanks to USDA’s daily reporting system.
Soybean basis slipped but the cash price rebounded.
ERS made upward revisions to its 2021 food inflation forecasts for all food, restaurant and grocery store prices.
USDA announced today that it is updating the Coronavirus Food Assistance Program 2 (CFAP 2) for contract producers of eligible livestock and poultry and producers of specialty crops and other sales-based commodities.
But cotton ratings shot higher once more as Texas continues to receive rain.