Pro Farmer Analysis
The decline was partially due to lower total national supply (down 1% to 38.7 MMT).
Federal Reserve policymakers said they are ready to lower interest rates at the U.S. central bank’s meeting in two weeks.
A recap of this week’s price action and outlook broken down into the next 5, 30 and 90 day segments.
The House is preparing to vote next week on legislation aimed at restricting foreign ownership of U.S. agricultural land, particularly targeting purchases by entities connected to China.
The SAF Coalition has formed, representing nearly 40 major airlines, airports, manufacturers and biofuel producers, lobbying Congress to provide a larger and longer-lasting tax incentive for sustainable aviation fuel (SAF).
Low water conditions have led to several barges running aground along a key stretch of the lower Mississippi River, the U.S. Coast Guard told Reuters.
A push by India to make more corn-based ethanol has turned Asia’s top corn exporter into a net importer for the first time in decades, squeezing local poultry producers and scrambling global supply chains.
This acquisition, announced in December 2023, gives KAES full ownership of the state-of-the-art facility, which has the capacity to produce 3.5 MMT of nitrogen fertilizers and diesel exhaust fluid annually.
USDA Secretary Tom Vilsack announced funding for 160 projects across 26 states to expand clean energy systems and boost domestic biofuels.
Members of the National Oilseed Processors Association (NOPA) crushed 182.9 million bu. of soybeans in July.
Details on the latest production forecasts from the International Grains Council.
However, if the Brazilian real were to rally, it could negatively impact Brazilian soybean producers by reducing their competitive advantage and increasing the costs of imported agricultural inputs like crop nutrients and pesticides, which are priced in dollars.
USDA raised its 2024 beef production forecast 81 million lbs. from last month due to higher steer/heifer and cow slaughter, which more than offsets lighter dressed weights.
A recap of the week’s price action and outlook broken down into the next 5, 30 and 90 day segments.
Senate Ag Committee Chair Debbie Stabenow (D-Mich.) announced that progress on the farm bill has stalled due to Republican resistance to compromise on SNAP and climate funding.
The $800 million grain export facility project planned by Greenfield Louisiana LLC in Wallace, Louisiana, has been canceled after extensive delays in obtaining federal permits.
A bipartisan and bicameral group of lawmakers is urging the Department of Commerce to “carefully review the facts” in its investigation into whether preliminary duties should be imposed on imports of the herbicide 2,4-D from China and India.
The U.S. exported 524.1 million lbs. of pork during June, the smallest total for the month since 2020.
The decrease in the trade deficit suggests a shift in the balance of trade, influenced by various economic factors.
According to the organizations, the performance partly reflects the adoption of the reference value called the “export dollar,” in force since December 2023.
China installed more solar power capacity last year than the U.S. has built in its history, but this expansion has raised concerns as solar farms encroach on cropland.
Recap of the week’s price action for cotton with outlook broken down into the next 5, 30 and day day segments.
EPA issued an emergency waiver to help alleviate fuel shortages in four states where the supply of gasoline has been impacted by the shutdown of the Exxon Mobil Refinery in Joliet, Illinois.
Corn-for-ethanol use fell shy of the average pre-report estimate of 450.0 million bushels.
China’s soymeal stocks reached a record 1.38 MMT as of July 26, according to the China National Grain & Oils Information Center.
For the first time in nearly two years, the average cost of moving goods by truck is set to rise 0.2% annually this month, signaling a potential end to the trucking recession, according to Bloomberg.
The unprecedented price spread between U.S. and Mexican hog prices is primarily driven by reduced hog inventory in Mexico, inflationary pressures and shifts in consumer preferences.
The primary issue revolves around the possibility that Chinese EV manufacturers, such as BYD Co., could exploit the relatively lower tariffs and regulatory environment in Canada to gain access to the U.S. market.
Michigan Governor Gretchen Whitmer (D) recently vetoed a $3 million grant program that aimed to incentivize the sale of E15 fuel.
We recap this week’s price action and look ahead at the next 5, 30 and 90 day segments for the corn market.