Weekly corn inspections during the week ended April 25 were down 435,000 MT from the previous week, which was revised 38,000 MT higher. Corn, wheat and soybean inspections were all within pre-report estimates.
The weather forecast remains concerning, Putin says he will work to curb food prices in Russia and the Federal Maritime Commission will conduct audits on major shippers...
A high pressure ridge could lead to more drying in western Corn Belt, Northern Plains. USDA isn’t the only one missing the mark on Canada’s wheat crop. Odds are low for a proposed bill to end corn-ethanol mandate.
Reuters is reporting the White House delayed rulemaking on RFS. More freezing temperatures likely for Brazil in the days and weeks ahead. CRP signup deadline is Friday.
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.
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...
Export inspections of corn, soybeans and wheat were all in line with expectations, with the corn tally holding above 1 MMT and wheat inspections nearing 500,000 MT. Soybean futures were light, as expected.
Corn and wheat futures are higher with weakness in the soy oil market limiting buyer interest in soybeans. Cattle futures are under pressure with lean hogs mixed.
Spring wheat still soaring amid weather woes, with the warm dry forecast for the western Corn Belt concerning. China’s grain imports are still soaring. Its Sichuan province reported ASF in illegally transported piglets
USDA raises its 2021 beef export forecast, trims total supply for 2022. July rural mainstreet index shows strong rural economies. Pork processors lost their line speeds appeal.
Weather will be the focal point next week as heat is expected to build, especially in the northwestern Corn Belt, where extreme temps are likely. Wheat has taken on a rare summer leadership role.
Extreme heat coming for spring wheat country. Brazil’s corn contract washouts could be the highest since 2016. Xi raises food security to national security concern. Germany confirms its first cases of ASF in farm pigs.
Worrisome long-term weather maps for spring wheat country and into the western Corn Belt. NOPA’s June crush slows more than anticipated. Schumer plans to tee up infrastructure vote next week.
Some profit-taking moved into the corn and soybean markets, while spring wheat continues to rally, pulling winter wheat futures higher in the process. Cattle and hog futures saw a choppy day of trade.