Soybean inspections were also quite light, though that has been the trend in recent months. Wheat inspections were solid, thanks in large part to more of the grain shipping out of the Pacific Northwest.
Tropical storm headed for Texas, Typhoon to disrupt shipments out of key Chinese ports. Russian wheat export prices continue to climb. Four-page document includes details of $3.5 trillion reconciliation package
American Farm Bureau Federation Managing Director for Public Policy Ryan Yates told Chip Flory on AgriTalk, "I don’t know how I can be more clear. This creates a new tax on hardworking farmers and ranchers."
The department’s higher soybean crop estimate was in line with expectations, but its cotton production estimate came in quite a bit higher than the market anticipated.
Bigger corn, soybean crop estimates expected. ADM expects to resume export loadings at two Louisiana terminals by month’s end. Russia again hikes tax on wheat exports. Lawmakers announce bill to restore beef MCOOL.
Brazilian government statistics agency now estimates Brazil’s total corn crop at 85.75 MMT, a 901,000-MT decline from its August production estimate and a 16.4% retreat from 2019-20.
Nearly 80% of U.S. crude production in the Gulf of Mexico remains offline, U.S. economic growth downshifts and August factory-gate prices in China rose dramatically...
Hurricane Ida disrupting flow of grains, oilseeds to Asian buyers. Trucker strike in Brazil having limited impact on grain exports so far. Price pressures, slowing rate of growth in U.S. economy keys in Beige Book
The social infrastructure bill still faces hurdles, the House Agriculture Committee’s initial reconciliation package will include funding for ethanol infrastructure and the livestock markets take on a bearish tone...
Corn and wheat futures are under light pressure with soybeans mixed with a lower bias. Fat cattle futures are higher to open the week with feeders and lean hogs under pressure.