Latest News From MARKETS

Deere, UAW Reach Tentative Agreement on New Contract
Deere, UAW Reach Tentative Agreement on New Contract

Union: New offer has modest modifications to offer voted down Nov. 2; Vote Wed.

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.

markets-up
Midweek Cash Markets | September 1, 2021

Corn and soybean basis and cash prices plunged over the past week.

Pro Farmer Crop Tour: Is the U.S Going to Produce Enough Corn and Soybeans to Keep Pace with Demand?
Pro Farmer Crop Tour: Is the U.S Going to Produce Enough Corn and Soybeans to Keep Pace with Demand?

As Pro Farmer Crop Tour wrapped up this week, scouts saw inconsistency in the West and consistency in the East. With Pro Farmer's projected crop size, Brian Grete and Chip Flory discuss the demand piece of the puzzle.

Jerry Gulke: A Tale of Two Crops
Jerry Gulke: A Tale of Two Crops

“We are fast running out of gas,” says Jerry Gulke. “If we miss these rains, North Dakota and South Dakota probably deteriorates—North Dakota more so. I will be interested to see what Pro Farmer sees.”

2021 Pro Farmer Crop Tour: Answers to Common Questions
2021 Pro Farmer Crop Tour: Answers to Common Questions

In an effort to head-off some of the questions about Crop Tour sampling, here’s our answers to a few “Crop Tour FAQs!”

First Thing Today Audio | July 28, 2021
First Thing Today Audio | July 28, 2021

Sweltering temperatures may spur some sever weather today, Senators near the finish line on physical infrastructure bill and the CDC reinstates mask guidance...

Reuters: White House delays rulemaking on RFS
Reuters: White House delays rulemaking on RFS

The Biden administration has delayed its annual rulemaking process regarding its biofuel blending mandates under the Renewable Fuel Standard (RFS) for 2021 (2022 for biodiesel), Reuters says in an exclusive report.

First Thing Today Audio | July 20, 2021
First Thing Today Audio | July 20, 2021

Brazil's safrinha corn harvest progress lags year ago, squabbles continue over the infrastructure bill and the Biden administration blames China for a cyber attack...

First Thing Today Audio | July 16, 2021
First Thing Today Audio | July 16, 2021

Harsh weather is forecast for the end of July, Germany confirms ASF on 2 farms and Xi Jinping emphasizes China's national food security problem...

First Thing Today Audio | July 15, 2021
First Thing Today Audio | July 15, 2021

The E.U. raises its soft wheat forecast, dryness in Brazil results in dredging on the Parana River and ASF continues to cause concern...

Weekly export sales light across the board over holiday reporting period
Weekly export sales light across the board over holiday reporting period

That said, sales of most commodities were in line with expectations and the only net sales reduction was for soyoil.

First Thing Today Audio | July 14, 2021
First Thing Today Audio | July 14, 2021

World Weather Inc. forecasts an active near-term weather pattern for the Midwest, inflation accelerated in June and a new bipartisan push to open Cuba to U.S. agriculture arises...

First Thing Today Audio | July 13, 2021
First Thing Today Audio | July 13, 2021

Cordonnier sports a neutral to lower bias on U.S. corn and soybean crops, Americans expect inflation to increase and China’s meat imports retreat…

First Thing Today Audio | July 9, 2021
First Thing Today Audio | July 9, 2021

China's PPI rises, Secretary Vilsack will travel to Omaha today and President Biden is expected to sign a sweeping Executive Order...

Monday Morning Wake Up Call | July 6, 2021
Monday Morning Wake Up Call | July 6, 2021

Grain and soy futures opened under hefty pressure on weekend rains. Fat cattle futures are under pressure as lean hogs firm.

First Thing Today Audio | July 2, 2021
First Thing Today Audio | July 2, 2021

Markets and government offices will be closed Monday in observance of Independence Day, the Fed suggests a 2022 rate hike and the House passes a transportation and water infrastructure measure...

First Thing Today Audio | June 29, 2021
First Thing Today Audio | June 29, 2021

Cordonnier makes no change to U.S. corn and soybean estimates, China rejects Canadian request for dispute settlement and details on dairy payments take a back seat to infrastructure plan...

Biden Does a Walk Back in Infrastructure Compromise Shuffle
Biden Does a Walk Back in Infrastructure Compromise Shuffle

More direct aid to dairy producers coming ‘soon’

SCOTUS Rules in Favor of Refiners
SCOTUS Rules in Favor of Refiners

Ruling puts SRE situation in disarray

Infrastructure End Zone Faces Big Hurdle as Biden, Dems Link to Social Spending Package
Infrastructure End Zone Faces Big Hurdle as Biden, Dems Link to Social Spending Package

Up to $1 billion in direct payments to dairy producers coming: Sources

No Consensus on Livestock Pricing Issues Following Senate Hearing
No Consensus on Livestock Pricing Issues Following Senate Hearing

Supreme Court gives victory to private property rights, will decide on Prop 12 case Monday

Democrats Pushing Citizenship for Some Illegals in Infrastructure Measure
Democrats Pushing Citizenship for Some Illegals in Infrastructure Measure

Biden and Vilsack to visit Wisconsin next week… still more aid for dairy?

First Thing Today Audio | June 22, 2021
First Thing Today Audio | June 22, 2021

Spring wheat condition ratings plummet, China will auction more state-owned corn and lawmakers edge closer to an infrastructure deal...

Sorting Fact from Fiction in Meat Industry Focus by Biden Team and Congress
Sorting Fact from Fiction in Meat Industry Focus by Biden Team and Congress

GOP lawmakers want more info re: Biden water rule redo while Dems want more for biofuels

Cattle Pricing, Farm Safety Net Topics of Hearings on Wednesday
Cattle Pricing, Farm Safety Net Topics of Hearings on Wednesday

Senate may attempt to clear Global Climate Solutions Act

Commodity Plunge Tied to Several Factors, Including China, Weather and the Fed
Commodity Plunge Tied to Several Factors, Including China, Weather and the Fed

If you thought EPA would announce RFS details Thursday, you were wrong

First Thing Today Audio | June 17, 2021
First Thing Today Audio | June 17, 2021

Biden and Putin agree on Iran's nuclear aspirations, limits expand for lean hog contracts as the cash market surges and Grassley looks forward to Ag Committee hearings on cattle industry woes...

Fed Moves Up Expected Timeline for Raising Interest Rates
Fed Moves Up Expected Timeline for Raising Interest Rates

Did Vilsack signal RFS change via interview with AgriTalk?

First Thing Today Audio | June 16, 2021
First Thing Today Audio | June 16, 2021

Fed officials may indicate they are eyeing an interest rate increase sooner than expected, President Biden is to meet with Vladimir Putin today and China reports its pig herd surged in May...

Vilsack Signals Big Changes Coming to Meat Processing, Livestock Pricing, Perhaps Seed Sector
Vilsack Signals Big Changes Coming to Meat Processing, Livestock Pricing, Perhaps Seed Sector

Investors wait for FOMC statement and chairman presser | Biden meets with Putin

Next Covid Aid Plan Includes $700 Million for Biofuels, $1 Bil. for Dairy, Other Funding
Next Covid Aid Plan Includes $700 Million for Biofuels, $1 Bil. for Dairy, Other Funding

Sen. Boozman blasts Biden’s tax proposals impact on ag sector

JBS CEO Gets Congressional Letter Re: Paying Ransom
JBS CEO Gets Congressional Letter Re: Paying Ransom

Will Fed alter its interest-rate hike timeline in Wednesday FOMC statement?

JBS CEO Gets Congressional Letter Re: Paying Ransom
JBS CEO Gets Congressional Letter Re: Paying Ransom

Will Fed alter its interest-rate hike timeline in Wednesday FOMC statement?

Focus: FOMC Meeting, Biden Meets with Putin, Infrastructure Talks Countdown
Focus: FOMC Meeting, Biden Meets with Putin, Infrastructure Talks Countdown

Vilsack appears Tuesday before Senate panel and will get lots of questions

USDA Finally Announces QLA, WHIP+ Details
USDA Finally Announces QLA, WHIP+ Details

Fully funds QLA; second half WHIP+ for 2019 of 40% brings total payment to 90%

First Thing Today Audio | June 11, 2021
First Thing Today Audio | June 11, 2021

Biden explores ways to relieve refiners of RFS blending requirements, the U.S. Budget deficit has risen sharply and a bipartisan group of senators find consensus on an infrastructure proposal...

USDA Requiring Farmers to Resubmit CRP Offers Due to Program Changes
USDA Requiring Farmers to Resubmit CRP Offers Due to Program Changes

RFS changes pushed to aid refiners | Senate’s latest infrastructure proposal

First Thing Today Audio | June 10, 2021
First Thing Today Audio | June 10, 2021

USDA will release its June S&D balance sheets today, Biden tells military personnel coronavirus and climate change are among the greatest threats and El Salvador approves bitcoin as legal currency...

USDA Issues WASDE Report Today with Focus on Brazil Corn, U.S. Tight Stocks
USDA Issues WASDE Report Today with Focus on Brazil Corn, U.S. Tight Stocks

NPPC’s agenda | EPA water rule | Inflation report today | China and climate change

Biden Ends Infrastructure Talks with Capito, Turns Focus to Bipartisan Group
Biden Ends Infrastructure Talks with Capito, Turns Focus to Bipartisan Group

Vilsack comments on line-speed controversy | Senate clears ‘China competition’ bill

First Thing Today Audio | June 8, 2021
First Thing Today Audio | June 8, 2021

Recent rains were too little, too late for a portion of the Brazilian safrinha corn crop, Blinken looks to open trade talks with Taiwan and USDA begins work on rules for cell-based meat…

Biden, Capito to Confer Again on Infrastructure as Alternative Plans Gain Focus
Biden, Capito to Confer Again on Infrastructure as Alternative Plans Gain Focus

Traders betting on $100 oil | U.S. launches trade talks with Taiwan, angering China

Yellen: Biden Should Push Ahead with Infrastructure Plans Even if it Boosts Inflation Into 2022
Yellen: Biden Should Push Ahead with Infrastructure Plans Even if it Boosts Inflation Into 2022

G7 nations support minimum global corporate tax rate of at least 15%, hurdles ahead

Biden Nixes GOP Infrastructure Counteroffer, More Talks Ahead
Biden Nixes GOP Infrastructure Counteroffer, More Talks Ahead

WASDE on Thursday | Manchin will oppose Democrats' major voting rights bill

JBS Does Good Job of Dealing with Cyberattack; Most Facilities Back in Service
JBS Does Good Job of Dealing with Cyberattack; Most Facilities Back in Service

Jobs report key focus today | DOJ antitrust focus on U.S. ag sector | NCBA on key issues

New Jobless Claim Fall Below 400,000 for First Time Since Pandemic
New Jobless Claim Fall Below 400,000 for First Time Since Pandemic

Weather market fuels further commodity gains | Ag sector sleeping re: cyberattacks?

iaethanol2
POET acquires Flint Hills Resources’ ethanol business

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