First Thing Today
Chinese bean buying slows in September. Certified acreage data release delayed. Americans quit their jobs at a record clip in August. Atlanta Fed chief says U.S. jobs slowdown should not derail taper timeline.
Corn, soybeans soften leading up to USDA’s reports. Wet late-season weather lowers Chinese corn crop prospects. Timely soybean planting for Brazil. Russian wheat export prices climb for the 13th week in a row.
Rains easing drought on northern Plains. Cargill shifts some soybean exports to Texas as repairs to Louisiana facilities continue. U.S. energy prices climbing. Prices rising for hogs on China’s spot & futures markets.
Strong September jobs report expected. Onslaught of late-season rains for northern China raises quality concerns. Senate passed a short-term extension of the debt limit. Waiver system for pork processing line speeds
Global food prices up nearly a third from year-ago. Farm optimism slides as inputs rise, ag trade prospects dim. Debt limit ceasefire. Russia offers to ease Europe’s gas crisis, with stipulations.
Attaché: China to bring in 30 MMT of corn in 2020-21 & 20 MMT in 2021-22. Biden: ‘Real possibility’ Dems could revise Senate rules to counter filibuster. PCR sales soared in Wuhan before first official Covid-19 cases.
Cordonnier maintains U.S. crop estimates, notes ‘surprisingly good’ bean yields. Russian wheat prices still rising. Another Chinese developer has fallen into crisis. Biden warns U.S. could default, blames McConnell.
Soybeans drop to a six-month low. Dry weather holding back winter wheat planting in Russia. Canadian canola exports down sharply from year-ago. Biden administration to lay out China trade policy.
Welcome moisture for HRW wheat areas. Soybean crush expected to hit four-year low for August. Russian wheat tariff will hit a new high next week. Euro-zone inflation hits highest level in 13 years as energy prices soar.
Light buying as market readies for USDA reports that have historically sparked volatility. China’s official PMI dips into contraction territory. Lawmakers to vote on measure averting a government shutdown today.