Pro Farmer Analysis
New York Federal Reserve President John Williams said on Monday the U.S. central bank still has more work to do to lower high levels of inflation, and he also noted he expects to see a notable jump in unemployment . . .
Food-price inflation hit multidecade highs this year in the U.S. and elsewhere, outpacing overall consumer prices.
With less than two weeks from a railroad strike deadline, President Biden plans to call on Congress to take action to avert a shutdown of the country’s freight railroads. . .
Brazil is poised to export 40 million tonnes to 50 million tonnes of corn next year, after a new trade protocol with China and a potential bumper crop.
Results of the latest United Nations climate summit were unveiled Sunday morning, as grueling debates over a historic fund and fossil fuel emissions forced negotiations to drag on almost two days longer than expected.
Food prices will probably decline next year, even as global crop stockpiles stay very tight, especially for oilseeds, said David MacLennan, CEO of Cargill.
The International Grains Council (IGC) trimmed its forecast for 2022-23 global wheat production by 1 million metric tons (MMT).
U.S. import prices fell 0.2% from a month earlier in October, following a 1.1% decline the previous month.
A panel commissioned by Congress urged the White House to review China’s trade practices and suspend normal trade ties if Beijing violated a 1999 agreement.
OMB began scheduling meetings on EPA’s proposed rule on the volume requirements for 2023 and beyond under the Renewable Fuel Standard (RFS).
Vilsack said he was most impressed by how American farmers, ranchers and producers have been supportive.
Members of the International Brotherhood of Boilermakers (IBB) have rejected the tentative agreement reached between unions and freight railroads.
Fundamental and technical analysis of today’s soy complex action.
Federal Reserve Vice Chair Lael Brainard said Monday she was encouraged by last week’s U.S. inflation data and noted the Fed would likely soon reduce the size of its rate hikes.
China will increase pork imports in the coming months, industry participants said, after losses for farmers last year caused a reduction in hog numbers that appears larger than official data suggests.
Brazil is now expected to produce a record 153.5 MMT of soybeans this year.
There are major concerns for the agricultural sector in Brazil.
SovEcon estimates Russia exported 4.3 MMT of wheat in October.
Recap of this week’s price action with 5-day, 30-day and 90-day outlook.
Two unions have rejected a proposed deal with railroads, while six have approved it.
The U.S. exported $13.6 billion of ag goods in September against imports of $15.9 billion, which resulted in a deficit of nearly $2.3 billion.
Updated estimates for corn and soybean crops.
Shipping giant Maersk on Wednesday warned of gloomy times ahead for global trade, even as it reported record profits stemming from high rates charged by its ocean business.
China’s customs authority updated its list of approved Brazilian corn exporters on Wednesday.
Argentina’s government is set to announce measures soon to allow wheat exporters to delay agreed shipments after a major drought hammered the crop, raising concerns about domestic supply.
Insurers are no longer offering new cargo insurance coverage for shipments out of Ukraine through the Black Sea corridor after Russia suspended its participation, industry sources told Reuters.
While gasoline prices have dropped since they posted record highs in June, diesel hasn’t decreased nearly as much and currently stands at $5.31 per gallon, according to AAA.
Domestic U.S. shipping demand is receding and freight rates are falling, the Wall Street Journal (WSJ) reports. . .
Chinese crushers reportedly have 1 MMT to 1.5 MMT of soybean needs for November that are uncovered . . .
Pro Farmer’s soybean outlook broken down into the next 5, 30 and 90 day segments.