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Reuters reports EPA proposing retroactive lowering of 2020 RFS mandates

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.

Agriculture and Agri-Food Canada (finally) acknowledges heat, drought have slashed its wheat and canola crops

It expects Canada’s 2021-22 all wheat crop to drop 15.01 MMT (42.7%) from last season to 20.18 MMT.

Mix of drought degradation and improvement over the past week for the Midwest

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.

Market Watch | August 26, 2021

Grain and soybean prices continue to swing wildly.

Wheat sales hit a new low for 2021-22, but exports registered a marketing-year high

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.

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Midweek Cash Markets | August 25, 2021

Soybean basis slipped but the cash price rebounded.

ERS hikes 2021 food price outlooks

ERS made upward revisions to its 2021 food inflation forecasts for all food, restaurant and grocery store prices.