Pro Farmer Analysis
The National Corn Growers Assoc. expressed criticism of a draft report from EPA’s Science Advisory Board, which questions whether increasing ethanol usage can significantly reduce greenhouse gas emissions...
The latest ENSO forecast from the U.S. National Oceanic and Atmospheric Administration (NOAA) and the U.S. Climate Prediction Center today implied El Niño may be peaking already.
Nearby live cattle and feeder futures ended the week at fresh all-time highs. We look ahead to the next 5, 30 and 90 days.
Every year, typically in late September or early October, Beijing unveils its import quotas for the following year, covering essential agricultural products such as wheat, rice, corn, cotton and sugar.
Environmental and fossil fuel organizations have launched a series of lawsuits against EPA’s latest standards for renewable fuel.
Oil production cuts that Saudi Arabia and Russia extended to the end of 2023 will create a “significant supply shortfall” and threaten a renewed surge in price volatility, the International Energy Agency (IEA) warned.
Environmental organizations have taken legal action by filing a lawsuit in the 9th Circuit Court of Appeals in San Francisco, aiming to compel EPA to increase its oversight of large livestock feeding operations.
The 2023-24 sorghum season presents promising export opportunities, likely resulting in improved sorghum premiums over corn.
November soybeans started the week off strong, rallying 6 cents to $13.69. December soybean meal closed $3.50 higher at $404.90. December soyoil ended the day unchanged at 60.50 cents.
We recap this week’s price action and share our outlook broken down into 5, 30 and 90 day segments.
Farm debt continued to rise, particularly non-real estate loans, with outstanding agricultural loan balances at commercial banks increasing by about 5%, according to an ag finance update from the Kansas City Fed.
China has asked some fertilizer producers to suspend urea exports after domestic prices jumped, Bloomberg reported.
The U.S. pork industry is navigating regulatory changes in California, with uncertainties surrounding compliance costs, supply and pricing.
President Biden’s administration likely will delay until December a decision on whether to make it easier for sustainable aviation fuel (SAF) made from corn-based ethanol to qualify for subsidies under the climate law.
U.S. farm groups and farm state lawmakers want higher reference prices in the upcoming farm bill. However, an environmental activist group, the Environmental Working Group (EWG), has raised concerns.
Companies like Nestle and Gucci are reducing purchases, and forest protection projects are showing unmet emissions-saving promises.
USDA forecasts net farm income will decline $41.7 billion (22.8%) from last year’s record to $141.3 billion in 2023, though that’s up from its February outlook of $136.9 billion.
Indonesian state energy company Pertamina plans to mix more of its gasoline products with ethanol in 2024 in a bid to offer alternative fuels to the public, its chief executive said.
The El Niño weather phenomenon will exacerbate the effects of India’s rice export ban and Russia’s withdrawal from the Black Sea grain deal, according to the Financial Times.
Statistics Canada estimated Canadian all-wheat production at 29.5 MMT, down 14.2% from last year.
Ukraine strongly opposes the imposition of any restrictions on the import of its grain by neighboring countries after a European Union ban ends on Sept. 15, Foreign Minister Dmytro Kuleba said.
The shock front-runner in Argentina’s presidential election, libertarian Javier Milei, would strip out state intervention from the giant farming industry to unleash an export boom.
November soybeans rose 23 1/4 cents to $13.53 1/4, closing above the 200-, 20- and 40-day moving averages and gaining 45 3/4 cents on the week.
Spot container shipping rates on trans-Pacific routes are experiencing a notable upward trend, at least for the time being.
The International Grains Council (IGC) raised its forecast for 2023-24 global corn production, with an improved outlook for Ukraine’s crop only partially offset by a downward revision for China.
Brazilian food and fuel processor Caramuru Alimentos, one of the country’s largest grain crushers, has started selling soybean-based ethanol at one of its plants in center-western Brazil.
The letter also mentions a lawsuit filed by the Attorney Generals of Iowa and Nebraska to compel EPA to finalize its action within the designated time frame, which is currently well past due.
Argentina’s government devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points to 118%
Romania aims to double the monthly transit capacity of Ukrainian grain to its port of Constanta to 4 MMT in the coming months.
World oil demand will reach a record 102.2 million barrels per day (bpd) in 2023, up 2.2 million bpd from last year, the International Energy Agency forecast, driven by strong consumption in China and other regions.