Pro Farmer Analysis
USDA’s final 2023-24 production data, along with global production updates, due out Jan. 12 will provide direction for market participants.
March SRW futures rallied 8 1/2 cents to $6.31 1/2 but closed off session highs. March HRW futures rallied 8 3/4 cents to $6.43 3/4.
U.S. natural gas futures experienced a significant surge of over 4%...reaching above $2.5/MMBtu, driven by seasonal demand and increased exports.
Wednesday’s soybean market analysis: Soybean futures showed relative strength to the flailing wheat and corn markets, following through on Tuesday’s gains.
EPA announced its decision to allow the use of the pesticide chlorpyrifos on crops, including soybeans, following a ruling by the U.S. Court of Appeals for the Eighth Circuit last month.
Hot, dry weather in Mato Grosso, Brazil’s top soybean producing state, is expected to reduce soybean production by around 20% in 2023-24, according to farmer group Aprosoja.
The latest computer forecast models for ENSO events suggest El Niño peaked a few weeks ago and will begin a steady decline in January.
Brazil shipped 2 MMT of soybeans during the first half of December...
Corn-based ethanol and other renewable fuels likely will qualify for the SAF credit in relation to SAF produced and used in calendar years 2023 and 2024.
The study highlights that to accurately assess the carbon footprint of beef production, land use impacts must be considered.
Brazilian soybean farmers are facing a dearth of seeds for their replanting efforts as suppliers have run out of the main varieties, Marino Colpo, chief executive of seed company Boa Safra Sementes, told Reuters.
Argentina’s new government of libertarian President Javier Milei will seek to raise export taxes to 15% on corn and wheat.
This bill calls for USDA to investigate concentration within the fertilizer industry and assess any potential “anticompetitive impacts.”
The path U.S. consumers expect inflation to take over the next year softened in November to the lowest level in more than two years.
Soy complex futures posted strong gains to start the week, with January soybeans up 32 cents to $13.36, January meal futures $8.50 higher to $413.20 and January soyoil up 91 points to 51.11 cents.
Black Sea consulting firm SovEcon raised its 2023 Ukrainian corn crop estimate by 900,000 MT.
The U.S. exported 572.2 million lbs. of pork in October, up 11.0% from September and 5.7% more than last year.
India is planning to discourage the diversion of sugar for ethanol production as part of efforts to ensure sufficient supplies of the sweetener in the local market, government and trade sources said.
The U.S. exported $16.64 billion of ag goods in October against imports of $16.90 billion for a trade deficit of $262 million.
China is currently facing a significant and potentially dangerous issue related to its hidden debt problem, the Wall Street Journal reports.
Canada’s wheat crop is estimated at 32.0 MMT by Statistics Canada, up from the 29.8 MMT forecast in September.
This recommendation comes amid a long-standing policy debate that is expected to become a contentious issue during the next farm bill discussions.
Airlines want to replace jet fuel with ethanol to fight global warming, and that would require hefty amounts of corn and water.
Keys driving the soybean market broken down into the next 5, 30 and 90 day segments.
In preparation for the upcoming farm bill, House Ag Chairman Glenn “GT” Thompson (R-Pa.) told Politico his intent to make crop insurance more affordable.
USDA projects a decrease in U.S. farm sector profits in 2023 compared to the record-high levels of 2022. Inflation-adjusted net cash farm income is forecast to decline by $49.2 billion (23.8%) to $157.9 billion in 2023.
JPMorgan predicts the U.S. dollar is likely to strengthen due to the potential for a divisive U.S. election contest between President Joe Biden and former President Donald Trump.
These investments aim to strengthen American food and agriculture supply chains, expand markets for agricultural producers, and reduce food costs.
Brazilian soybean production forecasts are extremely wide given the erratic first two-plus months of the growing season.
Despite its recovery, the domestic pork market in China remains volatile, posing potential uncertainties for pork exporters worldwide.