Recent rain for the Dakotas had little impact on drought. Meanwhile, the Buenos Aires Exchanged edged its Argentine soybean crop forecast higher. IGC expects use to outpace bigger crops in 2021-22.
Crops Analysis | August 13, 2021
Wheat futures reach 8 1/2-year high on tighter global supply outlook, soybeans gain on export demand.
Hurricane Ida made a thin input supply situation worse. Fed focus is on taper timing amid mixed economic signals. CR with debt suspension bill clears House but expected to be defeated in Senate.
Markets favoring the upside as trade readies for USDA reports. Timely rain for much of the Corn Belt, but Upper Midwest remains dry. China to boost boost storage capacity and ease restrictions for small hog producers.
More rain for the southern, eastern areas of the Midwest heading into the weekend. Wildfire disrupting shipping at Canada’s largest port. Global food prices slide for the first time in a year.
Crops Analysis | September 3, 2021
Corn futures tumble over 5% on week as trade eyes next USDA crop report, soybeans firmer on China buying.
Drought worsens across winter wheat country. IGC boosts global corn crop forecast for 2021-22. Framework deal announced to pay for human infrastructure measure, but details lacking,
Some Dems warming to including debt limit language in coming budget reconciliation