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As rumored, the ethanol producer POET announced Tuesday it had acquired Flint Hills Resources’ entire ethanol business.

Warm, dry forecast continues to lift grain and soy futures. Meanwhile, operations are resuming at JBS facilities.

Chip Flory and Jim Wiesemeyer discuss the infrastructure bill and other policy matters pertinent to agriculture.

Highlights from today’s USDA Crop Progress and Condition Report.

Purdue University and CME Group report the Ag Economy Barometer dropped 20 points during May to a reading of 158 points, the lowest since September 2020.

JBS is the world’s largest meatpacker and it controls around 25% of all U.S. beef capacity and roughly 20% of its hog slaughter capacity.

Initial Pro Farmer corn CCI rating is 4.7 points above the five-year average

An already low spring wheat CCI rating falls even further below the five-year average

Corn, soybeans rally amid Midwest weather concerns.

More U.S. inflation | Aggressive China | Frost/Freeze in Upper Midwest