Soybean futures extended their corrective gains from the two previous days overnight, which helped support corn. Wheat futures held in a tight range in narrowly mixed trade.
Legislators work to keep the government open, FAO's food price index continues to climb and China compels energy purveyors to prioritize shipments to fertilizer producers...
U.S. net farm income is forecast to reach $116.8 billion in 2021, up $22.0 billion (23.2%) from 2020 with the 2020 result up $15.7 billion (19.9%) from 2019.
OECD predicts persistent inflation in 2022, RVO's still nowhere to be found and global sugar supplies are expected to tighten for the third consecutive year...
Concerns about a new, heavily mutated variant of Covid-19 produced high anxiety among traders overnight, as global stock markets and oil prices plunged, while bonds surged (yields dropped) amid heavy risk-off trade.
U.S. will release 50 million barrels of oil in a coordinated effort along with releases from strategic reserves by China, India, South Korea, Japan and Great Britain.
Build Back Better, big import tariffs still exist, $27 billion for conservation efforts, announcement on RFS mandates still held up by EPA – these and many more topics discussed by Chip Flory and Jim Wiesemeyer...