Pro Farmer Analysis
The University of Michigan’s Consumer Sentiment Index dropped to 61.7, from 67.2 in January and down from a 76.8 reading in February 2021.
Soybean prices have a chance of hitting the all-time high of $17.94 3/4 a bushel set in 2012 said Alex Sanfeliu, head of Cargill’s World Trading Group. . .
Due to drought in the country, Paraguay’s soybean production could drop to 5 MMT this year . . .
U.S. farm groups representing thousands of farmers and farmer-owned cooperatives that will be harmed by EPA’s decision to revoke all tolerances of chlorpyrifos are taking legal action against the agency.
The U.S. could impose new tariffs on Chinese goods if current trade talks with the country break down and the U.S. conducts a new trade investigation, according to the U.S. Chamber of Commerce.
The agreement between the states in the Mid America Association of State Transportation Officials increases emergency interstate truck weights to 88,000 lbs.
USDA cut its forecasts for Brazil, Argentina and Paraguay soybean crops, though the crop pegs remain above those of many private crop forecasters.
USDA cuts South American soybean production, trims carryout
An $80.7 billion deficit in December drove the U.S. 2021 calendar year trade red ink to a record $859.1 billion, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis reported.
As Brazilian farmers are planting their safrinha corn crop, they face atrazine shipping delays and unexpected canceled deliveries. . .
Wheat futures rose after Stats Canada reported a big drop in the country’s inventories at the end of 2021, fueling concern over tight supplies of milling-quality wheat.
U.S. officials reiterated their stance that China has resisted urgings to live up to terms of the Phase 1 trade deal in remarks to Politico.
Soybean futures surged on continued support from the two factors that have fueled recent strong gains – South American weather/crop concerns and strong fund buying.
European leaders build relations with Russia, U.S.
China and Russia outlined a vision of international relations anchored in their potential to reinforce each other in disputes with the U.S. and its allies. . .
All regions of Russia can ship wheat and barley to China. China previously restricted shipments from some regions of Russia due to phytosanitary concerns.
In the next 15 days, rainfall amounts will either make or break Argentina’s soybean crop, according to a weather report from the Rosario Grain Exchange.
SRW wheat futures fell for the first week in the past 3 and charts strongly suggest prices may have established a near-term peak, but the market has demonstrated a capacity to generate renewed buying interest. . .
Ukraine/Russia crisis: Diplomatic meetings scheduled for next week
The Buenos Aires Grain Exchange cut its Argentine soybean crop estimate by 2 MMT. . .
The initial hearing in the process to write a new farm bill took place Wednesday, with the House Agriculture Conservation and Forestry Subcommittee examining current conservation programs.
Growing certainty in Washington that Russia will order some kind of military strike
Overall, global pork imports and exports are predicted to decrease from 2021 levels, according to the latest outlook from Rabobank.
“You know, it is really clear that the Chinese haven’t met their commitment in Phase 1,” Bianchi said.
Belarus is working with other countries to sell its potash internationally.
Ukraine/Russia diplomatic solution reduced