Pro Farmer Analysis
El Niño persists, although a steady weakening trend is evident in the oceanic indicators, according to the Australian Bureau of Meteorology.
EPA announced it will allow Midwest states to request year-round availability of E15 fuel starting in 2025.
Mexico will continue to buy corn from the U.S. for livestock feed and industrial use, despite the ongoing formal dispute over its ban on imports of genetically modified (GM) corn for human consumption.
Brazil’s biodiesel mandate will increase to 14% (B14) on March 1, and 15% (B15) in 2025. That’s already having an impact on Brazil’s domestic soyoil market.
The company, owned by Shell Plc and Cosan SA, sees economic sense in producing SAF in Brazil given it requires such large volumes of the feedstock.
At USDA’s 100th Agricultural Outlook Forum, Secretary Tom Vilsack again proposed innovative approaches, such as utilizing CCC funds creatively, to address farm bill funding challenges.
A recap of this week’s price action with outlook broken down into the next 5, 30 and 90 day segments.
The International Grains Council (IGC) raised its forecast for 2023-24 global corn production to a fresh record high.
U.S. export prices unexpectedly rose 0.8% month-over-month in January, defying market expectations of a 0.1% decrease.
The possibility of enacting a carbon border tax in the U.S. is under discussion as trade partners, including the EU, are moving forward with similar measures.
Mexico is self-sufficient in white corn production but it imports large amounts of yellow corn – almost entirely from the United States.
The annual inflation rate in the U.S. fell to 3.1% in January following a 3.4% increase in December but came higher than forecasts of 2.9%.
Crop insurance costs are estimated to rise by 29% to nearly $125 billion for the decade ending in 2033.
The Rosario Grain Exchange said 100,000 hectares of soybeans in Argentina’s core production area were lost due to “irreversible stress symptoms” after extreme heat that lasted two weeks.
The Congressional Budget Office (CBO) last week released a new baseline for USDA mandatory funded programs,
The consumer price index (CPI) rose 0.2% in December instead of 0.3% as reported last month, the revisions of the CPI data published by the Labor Department showed.
March cotton surged 268 points to 91.78 cents and notched a 467-point gain on the week.
USDA’s initial forecast calls for net farm income to plunge $39.8 million (25.5%) to $116.1 billion in 2024.
The U.S. exported $15.50 billion of agricultural goods in December against imports of $15.66 billion.
USDA will begin issuing final Emergency Relief Program (ERP) payments totaling approximately $306 million to eligible commodity and specialty crop producers who incurred losses due to natural disasters in 2020 and 2021.
A bipartisan border deal and foreign aid package is likely to fail in the Senate this week due to strong opposition from former President Trump and leading House Republicans.
Former President Donald Trump hinted at imposing tariffs on Chinese goods exceeding 60% if re-elected, signaling a more aggressive stance towards China, which is the primary supplier of goods to the United States.
The Biden administration is taking aim at grocery chains, suggesting they lower prices as their costs decline.
A recap of this week’s price action plus market outlook broken down into 5, 30 and 90 day segments.
Corn-for-ethanol use totaled 481.7 million bu. during December, 3.3 million bu. above the average pre-report estimate.
The FAIR Labels Act introduces specific definitions for “imitation meat” and “imitation poultry” for plant-based meat alternatives.
The rollback of restrictions on Venezuela’s oil industry is now at risk of expiring due to the recent Venezuelan court ruling and the arrest of several opposition members.
A study from Sandro Steinbach and Yasin Yildirim of North Dakota St. Univ. and Xiting Zhuang of the University of Connecticut exams the current challenges in global shipping and their direct impact on U.S. agriculture.
At least three cargoes of Brazilian soybeans were traded on Friday to a U.S. East Coast crusher.
The European Union is considering the establishment of a carbon market in the agriculture sector as part of its ambitious climate goals for the next decade.