Chip Flory and Jim Wiesemeyer recap last week's Day of Ethanol on AgriTalk and discuss where other fossil fuels may stand. Plus when will the latest Infrastructure bill(s) be voted on in the House?
Wheat futures are sharply higher with corn higher on spillover support. Soybeans are working on a recovery from overnight pressure. Live cattle futures are firmer and lean hogs are slightly higher to start the week.
USDA Secretary Tom Vilsack joins Chip Flory and Jim Wiesemeyer to discuss the updated Build Back Better framework and what it means for U.S. agriculture, including money invested for biofuels and conservation.
The U.S. Drought Monitor shows much of HRW areas are covered by dryness/drought, while virtually no abnormally dry conditions and no drought are noted across the SRW states
This week we welcome special guest David Wasserman, Senior Editor, U.S. House of Representatives for The Cook Political Report. David shares his perspective on potential outcomes of national elections.
USDA’s Cold Storage Report showed beef stocks increased a little more than is typical during September, while the build in pork stocks was a little shy of normal.
The U.S. Drought Monitor as of Oct. 19 showed some drought improvement in areas of the Southern Plains, but there were areas in West Texas that saw a one-category degradation in drought conditions during the week.
Above-normal temps are expected across the entire Southern and Central Plains for November through January, with below-normal precip over much of Oklahoma and all of Texas.
We remember former U.S. Secretary of State General Colin Powell who passed away this morning, plus Chip Flory and Jim Wiesemeyer discuss what's new with the infrastructure bill(s) and a lot more.
Soybean futures are under light pressure with corn and wheat mixed. Livestock futures are lower to start the week with hog futures holding just above last week’s lows.
Initial tapering efforts will likely include cutting $10 billion a month in Treasury buys and $5 billion a month in mortgage-backed securities purchases.
Corn and wheat inspections were in the lower half of analysts’ expectations and down from the week ending Sept. 30, with exporters focusing on soybean shipments as Louisiana ports reopen.
Grain and soybean futures favored the upside in the overnight but are slightly lower after the open. Cattle futures are under light pressure and lean hog futures are off to a moderately lower start.
Several rounds of storm systems led to some drought improvement to the Midwest and Plains the week ending Oct. 5, but drought/dryness worsened in areas that missed out amid unseasonable warmth.
Corn export sales handily topped expectations the last week of September, with more export facilities reopening and fresh supplies in the U.S. pipeline. Sales were up sharply from sub-400,000 MT in recent weeks.
“The August export results would be impressive under any circumstances, but achieving these totals despite all the Covid-related obstacles at home & overseas is truly remarkable,” says USMEF President Dan Halstrom