News
The Biden administration considers tapping SPR supplies, U.S. beef exports surge in August and Senator McConnell offers alternative to raising the debt limit...
Putin offers to help ease European energy prices… with stipulations
Corn export sales handily topped expectations the last week of September, with more export facilities reopening and fresh supplies in the U.S. pipeline. Sales were up sharply from sub-400,000 MT in recent weeks.
Global food prices up nearly a third from year-ago. Farm optimism slides as inputs rise, ag trade prospects dim. Debt limit ceasefire. Russia offers to ease Europe’s gas crisis, with stipulations.
Corn and soybean basis ticks up after extended declines.
After the Bell | October 6, 2021 Corn falls third straight day, soybeans near six-month low as harvest rolls along; wheat firmer.
“The August export results would be impressive under any circumstances, but achieving these totals despite all the Covid-related obstacles at home & overseas is truly remarkable,” says USMEF President Dan Halstrom
President Biden hints at sidestepping filibuster rules, Bayer AG wins in court decision and the USTR will accept comments on U.S./China trade policy...
Biden slashes social/climate change spending bill by more than $1 trillion
Ahead of the Open | October 6, 2021 Grain, soybean futures seen slightly firmer as crude oil nears seven-year high.
Attaché: China to bring in 30 MMT of corn in 2020-21 & 20 MMT in 2021-22. Biden: ‘Real possibility’ Dems could revise Senate rules to counter filibuster. PCR sales soared in Wuhan before first official Covid-19 cases.
After the Bell | October 5, 2021 Corn futures fall second day as U.S. harvest expands, soybeans climb as soyoil rallies.
“At least the sunsets were pretty. That’s the best I can say about the summer of 2021,” says guest blogger Mark Wagoner of Touchet, Washington.
Significant precipitation is expected over the northern plains, Biden chides GOP leaders on the debt ceiling and Growth Energy presses Supreme Court on RFS...
Debt limit debate a key political game of who blinks first | Cotton, energy prices surging
Cordonnier maintains U.S. crop estimates, notes ‘surprisingly good’ bean yields. Russian wheat prices still rising. Another Chinese developer has fallen into crisis. Biden warns U.S. could default, blames McConnell.
Find highlights from today’s Crop Progress and Condition Report.
After the Bell | October 4, 2021 Soybeans drop to six-month low as harvest accelerates, corn, SRW wheat firmer.
Soybean rating improved slightly as harvest accelerated across the Midwest.