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/5c9a336/2147483647/strip/true/crop/800x600+20+0/resize/500x375!/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)
Private analytics firm IHS Markit trimmed its 2021 U.S. corn planted acreage estimate by 310,000, dropping it to 96.54 million acres, which is still above most private forecasts.
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Conab now estimates Brazil’s total corn crop at 69.96 MMT. That compares to USDA at 98.5 MMT.
The Dakotas saw a mix of drought improvement and drought degradation, but today’s update didn’t fully account for this week’s rains.
Cotton and wheat carryover also came in lighter than expected.
Memorial Day coincided with the reporting period, which may have limited business to some degree.
Confirming ag sector fears, the EPA announced today it plans to roll back the Trump Administration’s Navigable Waters Protection Rule and revise the definition of U.S. waterways that can be regulated.
USDA will update its old- and new-crop balance sheets, along with global production and provide the second estimate of the U.S. winter wheat crop.
Spring wheat crop conditions are deteriorating amid drought in the Northern Plains and PNW.