Pro Farmer Analysis
Signs of an economic slowdown are flashing in the global diesel market, according to Bloomberg News.
5, 30 and 90 day outlooks for the wheat markets.
The Buenos Aires Grain Exchange kept its Argentine soybean and corn crop estimates at 25 MMT and 36 MMT, respectively.
All Fed policymakers supported the 25-basis-point hike to interest rates last month, but several considered a pause before agreeing to tighten monetary policy, according to minutes from the meeting.
EPA proposed sweeping emissions cuts for new cars and trucks through 2032.
U.S. production of renewable diesel hit 5 million gallons a day for the first time in January, the Wall Street Journal reports.
Argentina authorized exporters to delay soy shipments for up to 60 days.
The U.S. exported 250.8 million lbs. of beef in February.
Argentina announced a new preferential exchange rate dubbed the “agro dollar,” which aims to boost agricultural exports and strengthen international reserve accumulation.
The decline is attributed to ample wheat supplies and weak demand from exporters.
Brazil exported 13.271 MMT of soybeans last month.
EPA on Friday said it was approving California’s plans to require a rising number of zero-emission heavy-duty trucks as the state pushes to cut pollution.
Odds are rising there will be no new farm bill this year unless some of the volatile remarks and issues that surfaced at a Thursday hearing can be resolved.
But early soybean yields are coming in lower than anticipated. . .
Regarding WOTUS, Regan told a House Ag Appropriations Subcommittee Tuesday that EPA’s rule might have to be modified based on the upcoming Supreme Court decision.
Global commodities trader Cargill Inc. it will stop exporting Russian grain at the beginning of 2023-24 on July 1, the country’s ag ministry said.
U.S. Trade Representative Katherine Tai told a GOP lawmaker, “I don’t need your pity,” after he said she was “too nice” to negotiate trade deals for the United States.
Production potential remains severely reduced by prolonged drought.
The Federal Reserve raised interest rates 25 basis points but seemed to give mixed signals on further monetary policy action.
A nascent boom in the market for soybean oil is facing unexpected headwinds from the Environmental Protection Agency, the Wall Street Journal reports.
After surveying soybean fields across Brazil, Agroconsult raised its Brazilian soybean crop forecast.
The Environmental Protection Agency plans to grant California a waiver to impose its own tailpipe pollution regulations. . .
Russian President Vladimir Putin hosted his “dear friend” Xi Jinping at the Kremlin on Monday. It was the first trip abroad for Xi since he obtained a third term as China’s leader.
Price action and 5, 30, 90 day outlooks for wheat.
During Wednesday’s session, farmers and ag industry officials raised many of the same concerns they have during other meetings on the new farm bill. They included:
More than 400 farm groups on Tuesday asked Congress for more money for the next farm bill than is in the current baseline.
Brazil’s record soybean crop this season will allow the country to boost exports to China while also increasing domestic soybean processing.
Today’s price action, fundamental and technical analysis for soybeans.
Fundamental and technical analysis of today’s corn market action.