Cotton futures rose on Wednesday supported by concerns that dry weather in West Texas, the largest U.S cotton-producing region, may weigh on U.S supplies of the crop.
USDA’s Foreign Agricultural Service forecasts Brazilian producers will expand soybean planted area to reach 40 million hectares in the 2021/22 season, up from the estimated 38.5 million ha planted in the 2020/21 season
The U.S. Agriculture Department likely rated the U.S. winter wheat crop as 53% good to excellent, according to an average of estimates given by nine analysts in a Reuters survey ahead of a government report on Monday.
A wave of ASF outbreaks this year has wiped out at least 20% of the breeding herd in northern China, industry sources said, exceeding expected losses and raising fears about the potential impact in the south.
Cotton futures slumped more than 3% on Thursday as a U.S. government report showed a sharp slide in weekly export sales, putting prices of the natural fiber on course for their third straight weekly decline.
Archer Daniels Midland said on Thursday it would restart ethanol production at two of its U.S. corn dry mills this year, as the grains trader expects demand for the biofuel to rebound from a pandemic-led slump.
The White House has directed EPA to study whether using renewable fuels to power electric vehicle charging should generate tradeable credits under the nation’s biofuels program.
Argentina said on Monday it had suspended 15 meat exporters for dodging industry regulations, derailing at least 40 tonnes of shipments from one of the world’s best-known beef producers.
A 45% rally in soybean prices in 11 months isn’t enough to convince some farmers to give up any corn acreage this spring. Farmers are increasingly opting for the yellow grain in the weeks before planting.
