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While some areas of South America received some recent rains, any crop improvement was likely limited as moisture will be lost to evaporation. . .
USDA’s attaché in Brazil lowered its estimate for the country’s soybean exports & production compared to the Jan. World Agricultural Supply and Demand Estimates (WASDE) . . .
March soybeans soared 34 1/2 cents to $14.25 3/4, the contract’s highest closing price since $14.33 on June 10. . .
U.S. ethanol stocks increased 681,000 barrels to 23.59 million barrels for the week ended Jan. 14. . .
Rains boost Argentine soil moisture but not crop conditions
Scoular shipped its first container of soybeans out of its new export facility at the Port of Wilmington in North Carolina, according to company officials.
To phase out the use of glyphosate by 2024, Mexico’s top scientific council recommended a 50% reduction in imports of the herbicide this year.
Farmers should not count on an Ag Risk Coverage (ARC) or Price Loss Coverage (PLC) payment for the 2022-crop marketing year, according to University of Illinois farmdoc agricultural economists.
Brazil’s soybean harvest continues to be ahead of last year, according to various agricultural consultants.
Wheat futures climbed sharply on short covering and bargain-buying following three straight down days.