Pro Farmer Analysis
Australia exported 2.8 MMT of wheat in February, which is thought to be a monthly record for the country, according to the Australian Bureau of Statistics (ABS).
USDA trimmed Brazil’s soybean production to 125.0 MMT, down 2.0 MMT from its March report and 14.5 MMT below last year.
U.S. corn, wheat carryouts higher than expected
The Buenos Aires Grain Exchange warned Argentina’s soybean production could fall below the current estimate of 42 MMT due to frosts over the past week.
Commodities could soar by as much as 40% if investors increase their investments in raw materials as an inflation hedge, according to JPMorgan Chase & Co.
EPA denies 36 small refinery biofuels waivers
Argentine farmers might plant as many as 2 million hectares (4.9 million acres) of sunflowers for the 2022-23 growing season, Bloomberg reported.
Limited supplies and higher prices for commercial fertilizers have increased demand for manure.
Beef exports stay strong, pork exports slump
Wild swings in commodities from wheat to crude oil are here to stay, with global supply chains getting reassessed in the wake of Russia’s invasion of Ukraine, according to Gregory Broussard. . .
February’s U.S. trade deficit declined less than $100 million from January’s revised $89.2 billion record, according to the U.S. Census Bureau.
Iowa Attorney General Tom Miller and Kansas Attorney General Derek Schmidt asked EPA to allow the sale of E15 this summer . . .
Corn, spring wheat planting in line with year-ago...
February corn-for-ethanol use well above last year
U.S. Trade Representative Katherine Tai said the U.S. must shift the focus of its trade policy to rebuilding its domestic manufacturing industries and lessening ties to unfriendly economies.
USDA announced that ranchers who have an approved 2021 Livestock Forage Disaster Program (LFP) application would soon begin receiving emergency relief payments for increases in additional feed costs in 2021. . .
March 1 stocks offers no major surprises for a change
The Iowa Chapter of the Realtors Land Institutes survey pegs the state-wide value of high-quality cropland at $14,080 an acre, up 14.1% from September. . .
More French drivers are purchasing ethanol conversion kits to allow their cars to run on higher ethanol blends . . .
Hogs & Pigs Report: Herd contraction greater than expected, no signs of expansion restarting
For the 2022-23 crop marketing year, RaboResearch estimates the average on-farm cash price will be $5.77 for corn and $10.50 for wheat.
Corn futures followed wheat futures sharply lower Tuesday, with the nearby May contract tumbling 22 1/4 cents to $7.26 1/4 and new-crop December falling 11 3/4 cents to $6.52 3/4.
Fewer corn acres, more soybean seedings expected
U.S. waterborne diesel exports from the U.S. Gulf Coast increased to 1.04 million barrels per day. . .
The National Grain and Feed Association members report significant rail service disruptions from the Union Pacific (UP), Burlington Northern Santa Fe (BNSF) and Norfolk Southern (NS) railways.
The Ukrainian government is removing corn and sunflower oil export license requirements.
Cattle on Feed Report: Record March 1 feedlot inventory