FOMC minutes signal tapering of QE could begin as soon as mid-November. Latest CPI update shows inflationary pressures linger. EIA calling for ‘significantly’ higher spending on home heating this winter.
USDA raises corn and soybean crop estimates, boosting ending stocks. Corn and soybean harvest progress about as expected. IMF trims global growth outlook
SovEcon lowers corn crop forecast for Ukraine, trims Russian wheat production forecast. Tai, Liu hold video discussions on trade situation. Is an energy crisis ahead?
Another disappointing jobs report for September. Mexico quietly rejects application for GMO corn imports. Iowa records another record-breaking farmland sale.
Beef exports topped the $1 billion mark for the first time in August, despite shipping challenge. Private payroll growth tops expectations for September. USDA unveils a new insurance policy for farmers who sell locally.
Another private analytics firm raises its U.S. corn and bean crop estimates. Russia reins in its forecast for grain exports. U.S. trade deficit widened more than anticipated last month, ag trade deficit eases.
Corn and soybean harvest advancing rapidly. Wetter October outlook for the Midwest and Plains. Biden trade policy with China: Live up to Phase 1 commitments, stop unfair trade practices.
Signals RFS announcement nearing. Soyoil stocks build despite disappointing crush. Inflation remains high. USDA reports one of its vaccines shown to prevent/protect against Asian ASF strain
Soybeans the surprise in the September Grain Stocks Report. Senate approves stop-gap government funding bill; measure now heads to House. Iowa cropland values surge 19%.
Brazil suspends collection of PIS, Cofins taxes on corn imports. USDA announces $3 billion comprehensive investment package. Fed’s Powell faces more hostility than normal on the Capitol Hill.
Sept. 1 stocks expected to hit multiyear lows for corn, soybeans and wheat. Canada’s domestic wheat and canola estimates are under USDA’s. Big shift by Pelosi. Gas shortages in the U.K.
Highlights from today's Crop Progress & Condition report. Another big soy crushing facility could be coming to North Dakota. Damage at major soymeal export hub.
Bolsonaro blames ethanol for high gas princes, hints he may lower blend. ERS maintains forecasts for relatively high food price inflation—at supermarkets and restaurants. U.S. hog herd smaller than expected
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,
Reuters: Biden administration reportedly considering cuts to ethanol component of RFS. FOMC members signal bond-buy tapering ‘may soon be warranted.' No major deviation in frozen beef, pork stocks vs. normal.
SovEcon’s Russian wheat crop estimate edges higher thanks to strong showing in Siberia. Argentine deal on dredging the Parana River. U.K. reaches deal with CF Industries to bring its fertilizer plants back online.
Corn ratings improve as harvest advances. Soybean harvest off to a pretty standard start. Regan says new WOTUS will maintain pre-2015 exemptions for agriculture.
IHS Markit expects slightly larger U.S. corn and soybean crops than USDA. USDA analysis skewed by including many small farms and not including non-operating landlords.
Warm, dry outlook concerning for winter wheat producers. Dryness expands in southern and eastern areas of the Midwest as growing season wanes. Grain union boosts Russian wheat crop estimate on improving yields.
Unexpected rise in NOPA’s August crush. China scrambling to cover near-term soybean needs. Russian winter wheat acres expected to dip vs. last year’s record.
Cargill reopens one Louisiana grain terminal. StatsCan slices its crop estimates, again. FAPRI expects net farm income to retreat from 2021’s strong level in 2022.
Markets firm after USDA's September reports. Some surprises on the carryover front. AFBF and tax experts weigh in on Vilsack’s op-ed on stepped-up basis.
Conab once again lowers its Brazilian corn crop forecast. Abiove raises Brazilian bean crop peg, but trims its export forecast. Blockades cleared from Brazil’s highways.
IHS market raises U.S. corn crop outlook, lowers bean crop forecast. Hiring slowed dramatically in August. U.S. exports of pork retreated in July, while beef shipments ramped up.
Heavy rains ease drought in the western Corn Belt. RMA unveils new insurance option for farmers who split-apply nitrogen. Chevron to invest in Bunge soy crush facilities.
USDA to review acreage earlier for some crops, including corn and soybeans. Monthly processing reports for corn and soybeans. EPA requests remand of 31 SREs from 2018. Record farmland sale for Iowa.
SovEcon cuts its Russian wheat crop estimate. Attaché: Covid-19 to have lingering impact on Brazil’s livestock sector. Hours of service waiver extended for livestock haulers.
Reuters is now reporting two of its sources indicate EPA has proposed retroactively lowering the 2020 Renewable Fuel Standard blending obligations in a nod to reduced fuel demand due to the Covid-19 pandemic.
Mix of drought improvement and degradation for Midwest. Reuters reports EPA proposes retroactive lowering of 2020 RFS mandates. Agri-Foods Canada (finally) acknowledges drought has slashed its wheat and canola crops.
ERS hikes 2021 food price outlooks. USDA establishes Dairy Donation Program. Covid-19 outbreaks in sparsely vaccinated Asian countries is disrupting factories.
Highlights from USDA's latest Crop Progress and Condition update. AgRural reports early 2021-22 corn planting is underway in Brazil. Negligible month-to-month change in frozen stocks of beef and pork.
Pro Farmer national corn and soybean crop estimates. Reuters is reporting EPA plans to propose lowering RFS blending targets from 2020 levels. Neutral to friendly Cattle on Feed Report.
Preliminary Route Reports. Warm, dry September outlook for northwest Corn Belt, wet for eastern Belt. Drought spreads and intensifies across much of the Midwest and High Plains.
