Latest News From Pro Farmer Analysis

Ukraine strongly opposes the imposition of any restrictions on the import of its grain by neighboring countries after a European Union ban ends on Sept. 15, Foreign Minister Dmytro Kuleba said.

The shock front-runner in Argentina’s presidential election, libertarian Javier Milei, would strip out state intervention from the giant farming industry to unleash an export boom.

November soybeans rose 23 1/4 cents to $13.53 1/4, closing above the 200-, 20- and 40-day moving averages and gaining 45 3/4 cents on the week.

Spot container shipping rates on trans-Pacific routes are experiencing a notable upward trend, at least for the time being.

The International Grains Council (IGC) raised its forecast for 2023-24 global corn production, with an improved outlook for Ukraine’s crop only partially offset by a downward revision for China.

Brazilian food and fuel processor Caramuru Alimentos, one of the country’s largest grain crushers, has started selling soybean-based ethanol at one of its plants in center-western Brazil.

The letter also mentions a lawsuit filed by the Attorney Generals of Iowa and Nebraska to compel EPA to finalize its action within the designated time frame, which is currently well past due.

Argentina’s government devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points to 118%

Romania aims to double the monthly transit capacity of Ukrainian grain to its port of Constanta to 4 MMT in the coming months.

World oil demand will reach a record 102.2 million barrels per day (bpd) in 2023, up 2.2 million bpd from last year, the International Energy Agency forecast, driven by strong consumption in China and other regions.

Market outlook and key price drivers over the next 5, 30 and 90 day segments.

Corn and rice crops in China take a hit, a vessel carrying Polish wheat may spark EU tension and Biden calls China, "bad folks"...

SovEcon increased its Ukraine grain production forecasts for corn, wheat and barley.

Brazilian crop estimating agency Conab raised its official corn and soybean crop estimates.

The U.S. exported 583.9 million lbs. of pork in June. While that was down 34.2 million lbs. (5.5%) from May, it was up 50.7 million lbs. (9.5%) from last year and a record for June.

Since 2000 the USDA U.S. soybean production forecast has been above the trade average estimate eight times and below 15 times.

UAC said, “The key problem with the new harvest was its poor quality...

SovEcon says reduced competition from Ukraine and increased demand from northern African countries will aid Russian wheat exports.

Iowa Attorney General Brenna Bird and Nebraska Attorney General Mike Hilgers filed suit in federal court against EPA to protect the rights of their governors under the federal Clean Air Act.

The U.S. rejected Mexico’s proposal to jointly research the health effects of genetically modified (GM) corn, according to Reuters and Mexico media.

Soybeans were able to secure follow-through gains to end the week, along with an advanced technical posture, with a close held above the 40- and 200-day moving averages.

In a move to combat the use of food as a weapon, the U.S. is stepping forward to lead an international initiative supported by over 75 countries.

The observed increase in Payment Yields during the timeframe appears quite significant for specific crops.

There’s an ongoing debate within the Biden administration about the role of ethanol in qualifying for sustainable aviation fuel (SAF) tax credits.

Corn-for-ethanol use totaled 441.5 million bu. in June, according to USDA, 2.7 million bu. less than expected.

Cattle futures surged today, reversing the recent consolidation trend as prices traded at the highest level since July 24.

Crop conditions continue lower, China fights yuan depreciation and cash hogs rebound slightly...

December SRW wheat dropped 36 1/4 cents to $6.91 3/4 and nearer the session low. December HRW wheat closed down 39 3/4 cents at $8.29 1/2. Prices closed nearer their session lows and hit two-week lows today.

China has maintained its position as the world’s largest meat importer since 2019, despite a recent decrease in imported meat volumes, according to a USDA Economic Research Service report.

December corn futures fell 12 1/4 cents, before settling at $5.21, ultimately falling 15 1/4 cents on the week.

Peter Zeihan, an American author on geopolitics, writes Ukrainian agriculture is facing a severe threat after Russia exited the Black Sea grain deal and has attacked Ukrainian grain infrastructure.

Thompson looks for September Farm Bill markup, House Ag committee works to regulate cryptocurrencies and African nations urge Putin to end Ukrainian conflict...

November soybeans fell 22 cents to $13.98, ending the session below the 10-day moving average and near the session low.

Politico reports that House Ag Committee member Greg Casar is introducing two new bills, targeting large agricultural corporations that have significant influence on the farm bill reauthorization.

Wheat Tour finds yield potential above 5-year average, Putin offers to provide grain to Africa and Russian submarine shells Odessa Port...

The Panama Canal Authority announced a reduction in the average daily number of ships allowed to navigate the canal, lowering the figure from 35-36 to 32 starting July 30.

The Senate on Tuesday easily cleared an amendment to the National Defense Authorization Act barring investors from China, Russia, Iran, and North Korea from purchasing U.S. farmland.

Officials at the publicly owned port cited a significant increase in grain shipments across the board, but highlighted soybeans.

The hog and pork complex is sustaining its summer rally, with nearby August futures adding another $1.55 to $101.65 Tuesday.

Yuan jumps to 1-month high, economists trim recession expectations and USDA will detail frozen meat stocks this afternoon...

December SRW wheat surged 59 3/4 to $7.77 1/2 and closed at a five-month high close. December HRW wheat gained 58 1/2 cents to $9.25 1/4 and hit an eight-month high.

Sens. Chuck Grassley (R-Iowa) and Tammy Baldwin (D-Wis.) introduced a new bipartisan bill, the Farmland Security Act of 2023, seeking to further boost transparency in foreign ownership of U.S. farmland.

Corn outlook and market keys for the next 5, 30 and 90 day segments.

U.S. extends invitation to Chinese ag Minister, Senators introduce bill on foreign farmland ownership and USDA is expected to show feedlot inventories down year-on-year...

To encourage fair treatment of specialty crop and small farmers, Sen. Cory Booker (D-N.J.) and Rep. Andrea Salinas (D-Ore.) are proposing a new bill: the Insuring Fairness for Family Farmers Act (IFFFA).

The International Grains Council (IGC) raised its forecast for 2023-24 global corn production to 1.22 billion metric tons, reflecting an improved outlook for the United States.

Russia continues port assault, Canadian Union calls 'stand-down' on strike and traders await seasonal low in wholesale beef...

USDA launched an initiative called the Farmer Seed Liaison, aimed at reducing confusion for growers, plant breeders, and others involved in the complex seed system.

Traders are probably correct to anticipate a seasonal downturn, but we’re not convinced the likely summer peak will come as early as they expect.

Brazil is poised to export a record 18.3 MMT of soybeans, soymeal, corn and wheat in July. . .