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USDA lowers 2024 food price outlook amid an anticipated decline in grocery store prices
USDA lowers 2024 food price outlook amid an anticipated decline in grocery store prices

The projected decline in grocery store prices would be the first since they dropped 1.3% in 2016.

Bank
Rural Bankers Expect Recession in 2024

The RMI below growth neutral for fourth consecutive month.

USDA Sees Food Price Inflation at 1.2% in 2024 for All Foods, Down From 2.9% in November
USDA Sees Food Price Inflation at 1.2% in 2024 for All Foods, Down From 2.9% in November

Restaurant prices expected to increase 4.9%, up from 4.3% in November

China Holds Rare Earth Upper-hand | December 21, 2023
China Holds Rare Earth Upper-hand | December 21, 2023

Greece to send frigate to Red Sea, Foreign investment in China declines and feedyards pass on steady cash cattle bids...

Ahead of the Open | December 21, 2023
Ahead of the Open | December 21, 2023

Wheat futures showed relative strength overnight despite weakness in the soy complex, while corn traded in a tight range.

Corn, soybean and wheat export sales within expectations
Corn, soybean and wheat export sales within expectations

Pork export sales for 2023 and 2024 were strong and weekly shipments were a high for the year.

First Thing Today | December 21, 2023
First Thing Today | December 21, 2023

Corn, soybeans and wheat traded in narrow ranges during the overnight session.

Market Watch | December 21, 2023
Market Watch | December 21, 2023

Fuel prices continue to drop.

Midweek Cash Markets | December 20, 2023
Midweek Cash Markets | December 20, 2023

Basis firmed for soybeans and is now positive.

After the Bell | December 20, 2023
After the Bell | December 20, 2023

The ag markets saw selling pressure across the board today aside from cattle, which rose on anticipation of firmer cash trade.

Brazil Surpasses U.S. Corn to China | December 20, 2023
Brazil Surpasses U.S. Corn to China | December 20, 2023

Greece warns shippers to avoid Yemeni waters, Xi still focused on Taiwan and Brazil to halt biodiesel imports...

What Xi Told Biden About Taiwan at San Francisco Confab
What Xi Told Biden About Taiwan at San Francisco Confab

Trump barred from Colorado’s 2024 ballot | Ag, rail groups push to reopen U.S./Mexico bridges | EPA allows chlorpyrifos use

Ahead of the Open | December 20, 2023
Ahead of the Open | December 20, 2023

The grain markets saw limited volatility overnight, with corn seeing slight buying into the break, soybeans seeing mild selling pressure and wheat facing profit taking from Tuesday’s rally.

First Thing Today | December 20, 2023
First Thing Today | December 20, 2023

Corn, soybean and wheat futures traded narrowly on either side of unchanged during quiet overnight price action.

After the Bell | December 19, 2023
After the Bell | December 19, 2023

Corn and soybeans underwent heavy selling pressure throughout the session, despite corrective buying in the wheat and cotton markets. Livestock fell under pressure as well, as cattle saw selling and hogs continue to fall

U.S. Battens Red Sea Hatches | December 19, 2023
U.S. Battens Red Sea Hatches | December 19, 2023

U.S. embarks on Operation Prosperity Guardian, Moscow is un-interested in restarting Black Sea Grain Deal and FSA opens enrollment in ARC and PLC…

Shipping Crisis in Red Sea Threatens World Trade
Shipping Crisis in Red Sea Threatens World Trade

European-Asia shipping rates soar | Houthi rebels in Yemen continue to attack ships | Rerouting of cargo and tanker ships

Ahead of the Open | December 19, 2023
Ahead of the Open | December 19, 2023

Corn, soybeans and wheat each favored the downside overnight, with soybeans leading the way lower.

First Thing Today | December 19, 2023
First Thing Today | December 19, 2023

Soybeans erased Monday’s gains during overnight trade, while corn and the winter wheat markets faced mild followthrough selling.

After the Bell | December 18, 2023
After the Bell | December 18, 2023

Soybeans showed impressive strength throughout the session despite weakness in corn, wheat and cotton. Live cattle futures made multi-week highs though faded into the close. Hogs traded around unchanged.

Soybean, corn export inspections at top end of pre-report expectations
Soybean, corn export inspections at top end of pre-report expectations

Wheat inspections were near the middle of the expected range.

Monday Morning Wake Up Call | December 18, 2023
Monday Morning Wake Up Call | December 18, 2023

Wheat futures are under pressure with corn and soybeans choppy. Cattle futures are extending last week’s gains with lean hogs choppy to start the week…

More Companies Announce Halt to Shipments Passing Through Red Sea
More Companies Announce Halt to Shipments Passing Through Red Sea

Jones Act repeal pushed | Nippon Steel to acquire U.S. Steel | Drought slows Brazilian fertilizer demand | PARP

Ahead of the Open | December 18, 2023
Ahead of the Open | December 18, 2023

Corn traded narrowly to the downside overnight, soybeans traded lower early but went into the break nearer session highs, while wheat saw sustained selling pressure.

Chart Trends | December 18, 2023
Chart Trends | December 18, 2023

Short-term trend turns bearish for U.S. dollar index.

First Thing Today | December 18, 2023
First Thing Today | December 18, 2023

Corn modestly favored the downside overnight, while soybeans and wheat failed to sustain early price strength and have weakened this morning.

Senate Negotiators Fail to Reach Agreement on Border/Ukraine Aid Talks
Senate Negotiators Fail to Reach Agreement on Border/Ukraine Aid Talks

Odds sinking for farm bill completion in early 2024 | Shipping woes in Red Sea/Suez Canal

After the Bell | December 15, 2023
After the Bell | December 15, 2023

After the Bell | December 15, 2023

Biden Administration Sets Use of GREET Model for SAF Credits, Full Details in March
Biden Administration Sets Use of GREET Model for SAF Credits, Full Details in March

Senate stays in session on some progress re: Ukraine aid/border talks

Ethanol Plant
Updated GREET model to be used for SAF credits

The Biden administration will use the GREET model for determining SAF credits, but will update the methodology by March 1.

Ahead of the Open | December 15, 2023
Ahead of the Open | December 15, 2023

Corn, soybeans and wheat pivoted around unchanged most of the night, though wheat favored the downside into the break.

First Thing Today | December 15, 2023
First Thing Today | December 15, 2023

Corn, soybeans and wheat traded on both sides of unchanged in a quiet overnight session.

After the Bell | December 14, 2023
After the Bell | December 14, 2023

After the Bell | December 14, 2023

Ahead of the Open | December 14, 2023
Ahead of the Open | December 14, 2023

Corn and wheat gapped higher overnight and showed continued strength, while soybeans traded on both sides of unchanged, though went into the break nearer session highs.

Weekly wheat sales reach marketing-year high
Weekly wheat sales reach marketing-year high

Large purchases from China during week ended Dec. 7 boosted wheat sales to 1.5 MMT during the week, a marketing-year high. China's purchases totaled 1.12 MMT during the week.

First Thing Today | December 14, 2023
First Thing Today | December 14, 2023

Corn and wheat futures posted mild corrective gains throughout the overnight, while soybeans traded on both sides of unchanged.

Midweek Cash Markets | December 13, 2023
Midweek Cash Markets | December 13, 2023

Basis firmed for both corn and soybeans

Market Watch | December 13, 2023
Market Watch | December 13, 2023

Cash ethanol and diesel prices continue to drop.

After the Bell | December 13, 2023
After the Bell | December 13, 2023

After the Bell | December 13, 2023

Fed continues pause, ‘dot plot’ projections swing dovish
Fed continues pause, ‘dot plot’ projections swing dovish

New economic projections show a notable shift in tone and outlook to dovish.

House Select Panel on China Issues Recommendations; Trade War is Possible Ahead
House Select Panel on China Issues Recommendations; Trade War is Possible Ahead

FOMC | Big changes in Argentina | Sugar tariffs | COP28 agreement… with loopholes | SAF

Ahead of the Open | December 13, 2023
Ahead of the Open | December 13, 2023

Corn, soybeans and wheat each favored the downside overnight, though corn and soybeans saw corrective buying into the break.

First Thing Today | December 13, 2023
First Thing Today | December 13, 2023

Corn, soybeans and wheat all traded solidly to the downside during overnight trade.

Iowa Farmland Values Post 4% Gain in 2023
Iowa Farmland Values Post 4% Gain in 2023

Annual Iowa State University survey finds farmland values rose in first half 2023, plateaued by end of year.

After the Bell | December 12, 2023
After the Bell | December 12, 2023

After the Bell | December 12, 2023

U.S. Farm Groups Fret Possible House Move Against China Will Impact Ag Trade Ahead
U.S. Farm Groups Fret Possible House Move Against China Will Impact Ag Trade Ahead

HPAI in Ohio 'mega-flock,' 8 million birds depopulated | More disaster aid in 2024 | SAF guidance | Inflation better than expected

Ahead of the Open | December 12, 2023
Ahead of the Open | December 12, 2023

Corn and wheat are expected to open higher amid corrective buying, with soybeans likely to face light profit-taking.

First Thing Today | December 12, 2023
First Thing Today | December 12, 2023

Soybean futures built on Monday’s gains during the overnight session, while corn and wheat firmed amid corrective buying.