Latest News From Pro Farmer Analysis

Office of Management and Budget (OMB) meetings on EPA’s biofuels plan for 2023 and beyond are ongoing, addressing the Renewable Fuel Standard (RFS) obligations.

Corn market outlook for the next 5, 30 and 90 days.

USDA expected to raise ending stocks, Russian ammonia pipeline blast complicates Black Sea grain deal and France's wheat crop continues to deteriorate...

The U.S. exported $14.38 billion in ag goods during April against imports of $16.28 billion.

This proposal has been supported by more than 100 lawmakers and the dairy industry, who argue that children are more likely to drink milk if it has a better taste.

July SRW futures fell 11 cents to $6.16 3/4, ending the day near the session low.

EPA will abandon a proposal to include the electric vehicle industry in the U.S. biofuel blending program, three sources familiar with the matter told Reuters.

Short covering and technical buying from the speculators were featured today after the corn market got a bullish surprise with Monday afternoon’s weekly USDA crop progress reports.

SovEcon raised its 2023-24 Russian wheat export forecast by 2.7 MMT.

Cotton futures extended Friday’s weakness despite crude strength after top crude exporter Saudi Arabia pledged to cut production by an additional 1 million barrels per day from July.

The House overwhelmingly approved a debt ceiling bill that also curbs federal spending, causing House Speaker Kevin McCarthy (R-Calif.) to hint at further tightening work requirements for safety net programs.

Soybean market outlook and price drivers over the next 90 days.

Senate passes debt limit legislation, U.S. signs agreement with Taiwan and summer air travel is expected to heat up...

A recent report from CoBank’s Knowledge Exchange indicates the interest-related cost of carry for the 2023-24 marketing year is predicted to rise to record highs.

House passes debt ceiling bill, Ukraine grain and oilseed production projected lower and China's small factory activity rises...

Brazil is exporting a combined 120,000 MT of soybeans to buyers in the U.S., shipping data seen by Reuters showed.

August live cattle rose 50 cents to $167.675. August feeder cattle gained $1.40 at $239.175. Both markets closed nearer their session highs, hit contract highs and closed at technically bullish monthly high closes.

It also urged buyers to purchase sprouted wheat that can still be used for feed or industrial purposes.

Shipments from Brazil’s largest private port terminal Tiplam at Santos is expected to grow 6.8% to a record 12.5 MMT this year.

Canada gains access to Taiwanese market, France to begin HPAI vaccination program and debt ceiling negotiations yielding progress...

The pork sector, especially in Canada, is facing a challenging road to profitability in 2023 due to several adverse conditions.

India expects to harvest a record 112.7 MMT of wheat this year, the country’s ag ministry said.

Republicans expect debt ceiling compromise soon, Argy rains improve expectations for wheat crop and the Fed devises Twitter Sentiment Index...

Price action, fundamental and technical analysis for Wednesday, May 24th.

Hoeven emphasized the importance of food security to quality of life and aims to maintain effective farm policy.

Debt ceiling talks stall, Russia signs MOA to increase cooperation with China and watchers fear rates could reach 6 percent...

The soy complex was the clear underdog today, after having made the largest gain since September in the previous session.

The European Union’s crop monitoring service raised its forecasts of this year’s EU soft wheat and rapeseed yields, citing a good crop outlook overall except in the drought-impacted Iberian peninsula.

Three employees at USDA’s largest ag research center filed whistleblower complaints alleging years of mismanagement.

Ukraine would consider allowing Russian ammonia to transit its territory for export...

G7 members devise fresh sanctions on Russia, McCarthy is optimistic a vote on the debt limit is coming soon and Prop 12 may appear in the new farm bill...

Zippy Duvall, president of the American Farm Bureau Federation, testified before the Senate Agriculture Committee’s Subcommittee on Commodities, Risk Management, and Trade, underscoring the importance of the farm bill.

The Buenos Aires Grain Exchange cut its Argentine soybean crop estimate by 1.5 MMT.

BP has set a target of increasing its biofuel output to 100,000 barrels per day (bpd) by 2030.

Black Sea export deal extended, EU inflation increases and wholesale beef falls back below $300...

A boom in renewable diesel production has led to a drastic decrease in California’s low-carbon fuel credit prices, affecting the economic viability of other renewable-energy projects. . .

Honeywell International Inc. and Summit Agricultural Group are partnering to build the world’s largest plant making ethanol-based aviation fuel.

The Biden administration recently published a proposal to expand the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS). . .

Davis Michaelsen and Editor Brian Grete discuss this week's market action...

Recap of the latest price action with key issues impacting prices over the next 5, 30 and 90 days.

Argentina’s government on Wednesday increased domestic prices of biodiesel for blending with conventional diesel.

Black Sea Export Deal talks begin today, McCarthy notes no progress on debt ceiling and the DOE looks to refill SPR later this year...

Lab-grown meat could be 25 times worse for the climate than beef. . .

According to state media the crackdown comes as Beijing moves to tighten foreign access to sensitive information amid growing tensions with the United States.

China's soybean imports below year-ago in April, western companies are looking for a new manufacturing hub and South American yields beat expectations...

Biofuel stocks have struggled recently due to a downturn in the industry, with some stocks declining more than 20% in the past year.

Rising interest rates and higher farm expenses will pressure farm finances ahead, according to the latest quarterly economic outlook published by ag credit lender Farmer Mac.

Pro Farmer breaks down soybean market outlook into 5-30-90 day segments.

China imports South African corn, U.N. food price rises slightly and tight sugar supplies may support higher food costs...

The U.S. exported $15.86 billion in ag goods during March.