Pro Farmer Analysis
Bloomberg reports diesel demand is surging in the U.S. while supplies remain at the lowest seasonal level ever
The coming EPA regulatory reset of the Renewable Fuel Standard (RFS) should push the corn ethanol target above 15 billion gallons.
The Rosario Grain Exchange announces cut to wheat forecast.
Record-high inflation translated to some big hikes in the Internal Revenue Service’s dozens of new inflation adjustments affecting individual income tax brackets, deductions and credits for 2023.
The Fed can’t pause its campaign of monetary policy tightening once its benchmark interest rate reaches 4.5% to 4.75% if “underlying” inflation is still accelerating, Minneapolis Fed President Neel Kashkari said.
USDA announced it has paid nearly $800 million in assistance to distressed borrowers with qualifying USDA farm loans.
Russia will support an extension of the grain export deal despite concerns about its implementation because that would present the best opportunity for increased Russian ag and fertilizer shipments. . .
India has sufficient stocks of rice and wheat and the government will sell wheat in the open market if needed to control prices, a senior government official said.
Russia on Monday told a top United Nations representative that the extension of a landmark Black Sea grain deal was dependent on the West easing restrictions on its grain and fertilizer shipments.
China has asked its state-owned gas importers to stop reselling liquefied natural gas (LNG) to buyers in Europe and Asia as it seeks to ensure its own supply for the winter season, Bloomberg News reported.
Topics Trivium China is noting ahead of China’s week-long Communist Party Congress that starts Sunday:
Although lawmakers may try to cut SNAP benefits as part of the farm bill due in 2023, “we’re not going backwards,” said Senate Ag Committee chair Debbie Stabenow (D-Mich.).
Consumer prices in the U.S. rose 0.4% on a monthly basis in September, the highest reading in three months, and twice the market expectation of a 0.2% gain.
Farmers fear some potential issues arising for USDA’s Emergency Relief Program (ERP) for the 2022 HRW wheat crop.
China is taking steps to accelerate imports of Brazilian corn, diversifying supply at a time when the war in Ukraine has disrupted trade and tensions with the U.S. are high.
Two stretches of the southern Mississippi River were reopened to commercial traffic over the weekend.
A logjam of ships, tugboats and barges due to low water levels on the Mississippi River is threatening to grind trade of grains, fertilizer and other goods to a halt, Bloomberg reports.
Senate Ag Committee Chair Debbie Stabenow & ranking member John Boozman are urging USDA to accelerate the expansion of margin protection tools.
Ukraine is holding tough talks to ensure grain continues flowing from its Black Sea ports even after a deal on such exports expires next month, an adviser to the Ukrainian government said.
Wheat damage expected to be limited due to cold temps
Canadian farmers plan to plant more wheat, less canola
More than a dozen Mexican foodmakers and retailers have signed onto an anti-inflation plan to keep prices of basic foodstuffs affordable, Mexican Finance Minister Rogelio Ramirez de la O said.
... The Federal Reserve and other central banks risk pushing the global economy into recession followed by prolonged stagnation if they keep raising interest rates, a United Nations agency said.
The U.S. Federal Trade Commission (FTC) on Thursday sued two top pesticide manufacturers for allegedly entering into exclusive contracts with distributors that kept prices paid by farmers artificially high.
Updated soybean outlook & keys to watch over the next 90 days.
Numerous barges have run aground on the lower Mississippi River and grain barge shipping rates are soaring to historic highs this week, Reuters reports, hampering already sluggish grain exports from the Gulf.
Between eight and 10 Brazilian soybean processors have temporarily halted operations as crushing margins turned negative. . .
Sharp fluctuations in some of the world’s major currencies are injecting new uncertainty into the global economic outlook.