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Signal to Noise | September 7, 2021
Signal to Noise | September 7, 2021

Chip Flory and D.C. Policy analyst Jim Wiesemeyer discuss domestic and foreign policy, and current trends in Washington...

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USDA report preview: Bigger corn, soybean crop estimates expected

Changes to the corn and soybean crop estimates will impact new-crop balance sheets, with bigger carryover projections also expected.

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Corn, soybean CCI ratings edge lower

The CCI rating has been little changed for corn and soybeans the past three weeks.

Chart Trend: Daily charts now favor bears
Chart Trend: Daily charts now favor bears

Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.

Illinois Farmland Values Jump 20%
Illinois Farmland Values Jump 20%

Survey finds impressive gains in Illinois farmland values for all classes of farmland

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Corn, soybean export inspections slowed by Ida

Corn and soybean inspections dropped sharply, as expected, due to impacts from Hurricane Ida.

Monday Morning Wake Up Call | September 7, 2021
Monday Morning Wake Up Call | September 7, 2021

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.

First Thing Today | September 7, 2021
First Thing Today | September 7, 2021

Slightly firmer tone in grain and soy futures coming out of the extended holiday weekend.

Friday Wrap-up | September 3, 2021
Friday Wrap-up | September 3, 2021

Davis Michaelsen and Editor Brian Grete discuss this week's market action...

Meat
U.S. exports of pork retreated in July, while beef shipments ramped up

China’s July pork shipments from the U.S. plummeted 62.2% from year-ago.

Heavy rain eases drought in the western Corn Belt
Heavy rain eases drought in the western Corn Belt

This week’s National Drought Monitor reflected widespread improvement across areas of the Midwest and eastern parts of the Central and Northern Plains in response to beneficial rainfall.

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Impressive new-crop bean sales, driven by sales to China and ‘unknown’

The reporting period preceded Hurricane Ida. New-crop sales of soymeal were also impressive at nearly 400,000 MT.

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EPA requests remand of 31 SREs from 2018

The Renewable Fuels Association supports EPA’s reevaluation of the exemptions, but it objects to EPA’s remand request.

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USDA to review acreage earlier for some crops, including corn, soybeans and cotton

If the review justifies any changes, NASS will publish updated planted and harvested acreage estimates in the Sept. 10 Crop Production Report.

Direct Hit to Key Export Elevators, 22 Barges on the Loose: Logistical Nightmare Unfolds from Hurricane Ida
Direct Hit to Key Export Elevators, 22 Barges on the Loose: Logistical Nightmare Unfolds from Hurricane Ida

Hurricane Ida caused "significant damage" to a Louisiana grain export elevator owned by Cargill Inc. Ken Erickson, Senior VP agribusiness with IHS market, says the Hurricane's potential impact on exports is huge.

Climate-smart agriculture is a sustainability solution
Climate-smart agriculture is a sustainability solution

"The loud and angry debates over crop-protection products in Europe can give the false impression that farmers like me are prone to over-use chemicals on what we grow," Maria Gabriela Cruz says in this guest blog post.

Argentina extends limits on beef exports another two months
Argentina extends limits on beef exports another two months

Argentina’s government has extended its restrictions on beef exports until the end of October, a politically charged move that’s likely to anger the country’s meat producers.

Corn CCI rating edges higher, soybean rating slips
Corn CCI rating edges higher, soybean rating slips

CCI ratings for both crops are below the respective five-year averages for the end of August.

Signal to Noise | August 30, 2021
Signal to Noise | August 30, 2021

Chip Flory and Pro Farmer Policy Analyst Jim Wiesemeyer discuss policy issues and happenings in D.C.

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Statistics Canada confirms sharply reduced crop prospects

Its July Estimates Production of Principal Field Crops report shows durum wheat crop prospects down 39.2% from the 2020 season at nearly 4.00 MMT, with spring wheat crop prospects down 37.7% at 16.10 MMT.

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Corn and wheat inspections disappoint

Soybean inspections were stronger than the market anticipated, but expectations were limited and the amount of beans inspected for export were well under year-ago levels.

Monday Morning Wake Up Call | August 30, 2021
Monday Morning Wake Up Call | August 30, 2021

Corn and soybean futures face light pressure as wheat futures rise. Livestock futures are narrowly mixed to start the week...

Chart Trend: Daily and weekly charts pointed sideways for corn and soybeans
Chart Trend: Daily and weekly charts pointed sideways for corn and soybeans

Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.

Your Pro Farmer newsletter (Aug. 28, 2021) is now available!
Your Pro Farmer newsletter (Aug. 28, 2021) is now available!

There's no need to wait for the mail. Download this week's newsletter here.

First Thing Today Audio | August 27, 2021
First Thing Today Audio | August 27, 2021

Showers continue to roll through the Midwest, the Fed is meeting in Jackson Hole today and Republicans on a House Committee want more time on WOTUS...

Agriculture and Agri-Food Canada (finally) acknowledges heat, drought have slashed its wheat and canola crops
Agriculture and Agri-Food Canada (finally) acknowledges heat, drought have slashed its wheat and canola crops

It expects Canada’s 2021-22 all wheat crop to drop 15.01 MMT (42.7%) from last season to 20.18 MMT.

Mix of drought degradation and improvement over the past week for the Midwest
Mix of drought degradation and improvement over the past week for the Midwest

Areas of the Midwest and High Plains received welcome rainfall the week ending Aug. 24, leading to localized drought improvement. But areas that missed out saw drought conditions worsen over the past week.

Wheat sales hit a new low for 2021-22, but exports registered a marketing-year high
Wheat sales hit a new low for 2021-22, but exports registered a marketing-year high

Sales of old- and new-crop corn were in line with expectations. Soybean sales were strong, as expected, with much of the business known thanks to USDA’s daily reporting system.

ERS hikes 2021 food price outlooks
ERS hikes 2021 food price outlooks

ERS made upward revisions to its 2021 food inflation forecasts for all food, restaurant and grocery store prices.

USDA makes long-awaited adjustments to CFAP 2 for livestock and poultry contract growers
USDA makes long-awaited adjustments to CFAP 2 for livestock and poultry contract growers

USDA announced today that it is updating the Coronavirus Food Assistance Program 2 (CFAP 2) for contract producers of eligible livestock and poultry and producers of specialty crops and other sales-based commodities.

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Corn and soybean ratings continue to slide

But cotton ratings shot higher once more as Texas continues to receive rain.

beef at the grocery store
Negligible month-to-month change in frozen stocks of beef and pork

There were 401.26 million lbs. of beef in the nation’s freezers at the end of July, just a 256,000-MT decline from the end of June versus the five-year average increase of 23.6 million lbs. for the month.

Corn, soybean CCI ratings continue to decline
Corn, soybean CCI ratings continue to decline

The corn and soybean CCI ratings are the lowest of the growing season.

Signal to Noise | August 23, 2021
Signal to Noise | August 23, 2021

Chip Flory and Washington policy analyst Jim Wiesemeyer discuss current D.C. policy issues and events...

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Strong wheat export inspections

USDA also revised last week’s tally a substantial, 120,000 MT higher. Shipments of corn and soybeans were in line with expectations.

Monday Morning Wake Up Call | August 23, 2021
Monday Morning Wake Up Call | August 23, 2021

Corn, soybean and wheat futures are firmer to start the week. Livestock futures are also higher.

2021 Crop Tour Edition of the Pro Farmer newsletter
2021 Crop Tour Edition of the Pro Farmer newsletter

This issue is all about our Crop Tour findings and our Pro Farmer crop estimates.

Survey Finds Continuing Strong Rural Economy
Survey Finds Continuing Strong Rural Economy

Rural Mainstreet Index finds ninth consecutive month of above growth neutral reading on rural economies.

From The Rows | Aug. 19, 2021 — Mark Bernard (East)
From The Rows | Aug. 19, 2021 — Mark Bernard (East)

Mark's observations and comments from the final day of Crop Tour.

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Drought spreads and intensifies across much of the Midwest and High Plains

The northwest Corn Belt has been particularly hard-hit.

Weekly soybean export sales top 2.2 MMT
Weekly soybean export sales top 2.2 MMT

Aggressive buying by China (much of which was known) powered the strong showing.

From The Rows | Aug. 18, 2021 — Mark Bernard (East)
From The Rows | Aug. 18, 2021 — Mark Bernard (East)

Mark's observations and comments from Day 3 of Crop Tour.

From The Rows | Aug. 18, 2021 — Brian Grete (East)
From The Rows | Aug. 18, 2021 — Brian Grete (East)

My observations and comments from Day 3 of Crop Tour.

From The Rows | Aug. 17, 2021 — Mark Bernard (East)
From The Rows | Aug. 17, 2021 — Mark Bernard (East)

Mark's comments and observations from Day 2 of Crop Tour.

From The Rows | Aug. 17, 2021 — Brian Grete (East)
From The Rows | Aug. 17, 2021 — Brian Grete (East)

My observations and comments from Day 2 of Crop Tour.

From The Rows | Aug. 16, 2021 — Brian Grete (East)
From The Rows | Aug. 16, 2021 — Brian Grete (East)

My observations and comments from the first day of Crop Tour.

Drop in corn and soybean ratings catch market off guard
Drop in corn and soybean ratings catch market off guard

Spring wheat ratings held steady, with just 11% of the crop rated "good" or "excellent."

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Midday Route Reports | Day 1

Tour leaders share preliminary comments and results from their routes through South Dakota, Nebraska, Indiana and Ohio.

Disappointing July crush
Disappointing July crush

The July crush came in nearly 4 million bu. lighter than analysts anticipated, with soyoil stocks unexpectedly climbing for the month.