Rough Rice Commodity Markets, Prices & Futures

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Latest News From Rough Rice
Russia, the world’s largest wheat exporter, will change its formula for calculating grain and sunflower oil export taxes to support shipments amid a strong ruble currency, Reuters reported.
EPA will release its proposed rule on the 2023 volume standards for biofuel under the Renewable Fuel Standard (RFS) in September. . .
China’s soymeal inventories have tripled over the past three months as large volumes of soybeans arrived in the country and feed demand is weak.
The U.S. government filed a brief to the Supreme Court supporting the National Pork Producers Council (NPPC) and Farm Bureau challenge to California’s animal housing law. . .
5-30-90 day outlook for soybeans.
In the midst of a crop tour of Brazil’s main corn areas, Agroconsult raised its safrinha corn crop estimate . . .
Soft wheat production in Romania is expected to fall to 9.31 MMT next season from last year’s record of 11.15 MMT due to. . .
Canadian farmers planted 25.4 million acres to wheat tis year, up from 25.0 million acres forecast in April and 2 million acres (8.7%) more than last year, according to Statistics Canada (Stats Can).
In the U.S., La Niña events tend to favor warmer and drier weather over the southern U.S., which can sometimes push up into Corn Belt.
Broad economic prospects for rural America may be looking up for the first time in years, even in the face of inflation and the risk of recession, the Wall Street Journal reports.
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