News
Drought relief came to the plains, while dryness expanded in the eastern corn belt again
Gains were seen across the grain and soy complex overnight.
Treasury Secretary Scott Bessent announced yesterday that the U.S. will provide financial assistance to Argentina in an effort to stabilize its struggling economy, a move that has sparked anger among American soybean farmers who see Argentina as a major rival.
Corn sales during the week ended Sept, 18 totaled 1.923 MMT, according to USDA, which topped analysts’ pre-report range.
Amount of reported China buys of Argentine soybeans keeps rising
Weak profit margins may limit benefits of lower rates for financially stressed farmers.
Soybeans saw an impressive push higher going into the break this morning despite ongoing bearish fundamentals.
Yesterday, farmers from across the country sent a letter urging USDA to release funding for the Sustainable Agriculture Research and Education (SARE) program. Normally announced in March, this year’s call for proposals wasn’t issued until September 11, leaving host institutions little time to process applications before the fiscal year ends.
Soybeans slumping amid sickly meal market
Soybeans continue to undergo selling as China buys Argentine soy
China has turned to Argentina for soybean supplies, booking at least 10 large shipments—and possibly more—after Argentina temporarily removed export taxes on grains yesterday.
Stormy weather continues in the Midwest, Plains
Corn fell 1.7 points on the CCI, while soy fell just 1.2 from last week
Davis, Hillari and Spencer discuss the impressive pace of wheat exports and China’s continued absence from the U.S. soy market.
Wheat inspections outpaced pre-report expectations ranging from 300,000 to 500,000 MT.
On Friday, the Trump administration announced cancellation of USDA’s annual Household Food Security Report, which has tracked hunger in the U.S. for decades. The move comes just months after President Trump signed legislation reducing food assistance programs.