Pro Farmer Analysis
French soft wheat exports outside the European Union are expected to reach a three-year high of 10.3 MMT in 2022-23. . .
Brazil may start exporting corn to China before the end of this year, Cesario Ramalho, the head of institutional affairs at corn farmer group Abramilho, said on Tuesday.
December corn futures surged 27 1/4 cents to $6.23 1/2, up 16 cents for the week and the contract’s highest closing price since June 29.
Oil refining companies and their labor union representatives pressed the Environmental Protection Agency at a virtual meeting last week to lower costs of the nation’s biofuel blending program. . .
The U.S. exported $17.1 billion of ag goods against imports of $17.8 billion for a deficit of $656 million in May.
U.S. ethanol production during the week ended July 1 averaged 1.044 million barrels per day (bpd), down 7,000 bpd . . .
The U.S. Chamber of Commerce is calling on President Joe Biden to help resolve a dispute between the country’s Class 1 railroads and 12 rail unions to avert a possible rail strike beginning July 18.
For the week ended July 1, the pork price in China was 26.25 yuan ($3.91) per kilogram.
The U.S. has warned the Kremlin is trying to profit by selling stolen wheat from Ukraine to drought-stricken countries in Africa.
Soybean yields in northern Argentina are a little better than expected.
The only major new element is payments to 195 biofuel production facilities. . .
Price action summary and outlook for wheat
Cotton planting advanced to 84%, eight points ahead of the five-year average.
USDA’s first crop condition ratings pegged 73% of the crop as “good” to “excellent. . .
Regan again assures coming WOTUS regs will be ‘complementary’ to Supreme Court ruling...
The U.S. exported 304.0 million lbs. of beef during April, which was a record for the month and the second highest tally ever behind May 2021.
The U.S. exported $17.61 billion of ag goods against imports of $17.63 billion . . .
Strategas chief economist Don Rissmiller coined the Rule of 10 in 2011 — a theory that the U.S. economy is troubled when interest rates combined with energy prices reaches double digits.
Ag economists told the House Agriculture Subcommittee on General Farm Commodities and Risk Management Thursday that high input costs will likely persist even after commodity prices decline. . .
House Democrats are touting legislation that would create a special investigator for agricultural competition and permanently allow year-round sales of E15 fuel as inflation-fighting tools.
Some Republican senators are looking at options for blocking the Biden administration from requiring small oil refiners to comply with U.S. biofuel-blending rules.
July soybeans surged 29 cents to $17.69, the highest close for a nearby contract since September 2012.
FAO: Global food import costs will hit record, higher input costs could worsen situation...
A Ukrainian ag ministry official said on Monday the country’s grain harvest was likely to drop to around 48.5 MMT this year from 86 MMT last year following Russia’s invasion.
Heat advisories are in effect for the central U.S. today and tomorrow
The American Soybean Assoc. provided comments to USDA’s request for information on competition in the seed market, “underscoring the need to ensure growers have access to affordable inputs and a healthy market.”
Federal Reserve Bank of Cleveland President Loretta Mester said the risk of a recession in the U.S. economy is increasing, and that it will take several years to return to the central bank’s 2% inflation goal.
Private analytics firm IHS Markit Agribusiness on Wednesday raised its estimate of U.S. corn plantings . . .
As the West endures another year of unrelenting drought, the Colorado River’s reservoirs have declined so low that major water cuts will be necessary next year . . .
Slowing delivery of Russian natural gas in Europe is starting to reach into industrial supply chains.