Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Consumers are willing to pay more for retail meat and most food service meat, according to the monthly Kansas State University Meat Demand Monitor.
Big jobs miss for December, but unemployment falls to 3.9%
The fourth increase over the past month by the exchange was due to higher-than-expected yields as farmers wrap up harvest.
Drier and hotter weather is predicted for southern Brazil, Paraguay and Argentina, according to World Weather Inc.
U.S. trade deficit widens for November despite increased ag surplus
Brazil-based consultancy AgRural slashed its Brazilian soybean crop estimate by 11.3 MMT to 133.4 MMT due to heat and drought in southern Brazil.
High pressures on global supply chain networks and a surge in inflation may have peaked, according to the New York Federal Reserve Global Supply Chain Pressure Index (GSCPI).
Due to dryness in Argentina, the Buenos Aires Grain Exchange says it might start marking down their record high 2021-22 corn harvest estimates. . .
Fed minutes: Need to hike rates faster, reduce balance sheet quickly
Soft wheat exports from the European Union for the 2021-22 season reached 14.01 MMT by Jan. 2. . .
Deploying climate-smart agriculture (CSA) policies globally will provide benefits from reducing greenhouse gas (GHG) emissions and providing carbon capture. But . . .
Ethanol industry officials praised and criticized EPA’s Renewable Volume Obligations (RVOs) proposed rules during the virtual hearing hosted by the agency.
Winter wheat damage likely to be limited with next cold blast
Crop Consultant Dr. Michael Cordonnier cut his Brazilian soybean and corn crop estimates.
In a year of unknowns around COVID-19, growing conditions and exports, producers found an increased need for precise risk management tools. By Debbie Carlson for CME Group
U.S. Attorney General Merrick Garland urged Congress to boost the Department of Justice’s funding for antitrust enforcement.
Jan. 1 brought a new set of regulations to U.S. food and agriculture: mandatory genetic engineered (GE) labeling.
Due to recent crop stress from heat and dryness commodity brokerage firm StoneX cut its estimate for Brazil’s soybean and corn crops.
Firm slashes Brazilian soybean estimate under last year’s record level
California’s Prevention of Cruelty to Farm Animals Act, also known as Proposition 12, took effect on Saturday that is expected to have major impacts on the pork industry and product prices.
Ukraine grain exports up 23.5% for first half of the year
With labor shortages and high fertilizer prices predicted to restrict palm oil production, the Council of Palm Oil Producing Countries (CPOPC) expects prices to remain high.
USDA Secretary Tom Vilsack frequently mentions the growth potential for SAF. But a Los Angeles Times article today notes several hurdles for the fledgling industry.
With just one day left in the 2021 trading year, grain prices are showing a little softness but are still at high levels.
Despite bitter cold, limited winterkill predicted
China may be on a major buying binge (hoarding) of ‘strategic products’...
Farmers are beginning to harvest soybeans in the largest soybean producing state in Brazil.
Brazilian farmers soybean start harvest in Mato Grosso
At best, the CME wheat futures gave a shot over the bow, showing just how quickly market sentiment can change.
Indonesia’s crude palm oil output is expected to rise 2.6% next year. . .