Several major emerging economies are increasingly trading commodities without using the U.S. dollar, aiming to reduce their reliance on the American currency, the Wall Street Journal reports.
Wednesday's soybean market analysis: Soybean futures showed relative strength to the flailing wheat and corn markets, following through on Tuesday’s gains.
EPA announced its decision to allow the use of the pesticide chlorpyrifos on crops, including soybeans, following a ruling by the U.S. Court of Appeals for the Eighth Circuit last month.
Hot, dry weather in Mato Grosso, Brazil’s top soybean producing state, is expected to reduce soybean production by around 20% in 2023-24, according to farmer group Aprosoja.
Corn-based ethanol and other renewable fuels likely will qualify for the SAF credit in relation to SAF produced and used in calendar years 2023 and 2024.
Brazilian soybean farmers are facing a dearth of seeds for their replanting efforts as suppliers have run out of the main varieties, Marino Colpo, chief executive of seed company Boa Safra Sementes, told Reuters.
Soy complex futures posted strong gains to start the week, with January soybeans up 32 cents to $13.36, January meal futures $8.50 higher to $413.20 and January soyoil up 91 points to 51.11 cents.
Almost 60 U.S. agricultural and commodity groups are urging the U.S. Department of Commerce (DOC) to either eliminate or further reduce import duties on phosphate fertilizer imports from Morocco.
India is planning to discourage the diversion of sugar for ethanol production as part of efforts to ensure sufficient supplies of the sweetener in the local market, government and trade sources said.
In preparation for the upcoming farm bill, House Ag Chairman Glenn “GT” Thompson (R-Pa.) told Politico his intent to make crop insurance more affordable.
USDA projects a decrease in U.S. farm sector profits in 2023 compared to the record-high levels of 2022. Inflation-adjusted net cash farm income is forecast to decline by $49.2 billion (23.8%) to $157.9 billion in 2023.
JPMorgan predicts the U.S. dollar is likely to strengthen due to the potential for a divisive U.S. election contest between President Joe Biden and former President Donald Trump.
We are getting questions from farmers and accountants wondering if Pandemic Assistance Revenue Program (PARP) payments are still going to be made in 2023.
China's National Energy Administration (NEA) has outlined plans for a series of demonstration or pilot projects aimed at boosting domestic biodiesel production.
POET, a biofuel maker, expressed concerns that the Biden administration's decision on tax credits for sustainable aviation fuel (SAF) could lead them to withdraw from the SAF market.
On the positive side for corn, the U.S. corn harvest is winding down rapidly, which means farmer selling at the local elevators and commercial hedge pressure will subside.
The boom in renewable diesel was expected to wipe out biodiesel producers, but they were more profitable than thought and biodiesel production has remained robust.
October marked the driest month in Panama since record-keeping began in 1950. This water shortage is leading to reduced traffic through the Panama canal.
Witnesses at the hearing acknowledged the benefits of new technologies, including increased crop yields and reduced waste, but stressed the importance of providing clear benefits to growers.
As South America’s growing season progresses market participants will closely watch for potential changes in Brazil and Argentine production estimates.
SAF presents a promising biofuel opportunity for farmers and enjoys support from agricultural commodity groups, the Fuels America coalition, major airlines and USDA Secretary Tom Vilsack.
Chinese Premier Li Qiang pledged to expand market access and boost imports as part of efforts to stimulate economic growth and maintain openness in China. Key points from his speech and related developments include: