Latest News From Markets

Pro Farmer Evening Report: Jan. 13, 2022
Pro Farmer Evening Report: Jan. 13, 2022

Another firm slashes Brazil’s soy crop

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All Eyes on South America: Did USDA Trim Production Enough

Dryness in South America prompted USDA to cut production estimates for key countries, such as Brazil, Argentina.

Russian Sabre Rattling Continues | January 13, 2022
Russian Sabre Rattling Continues | January 13, 2022

Omicron strikes another Chinese port city, the White House sanctions North Korea and China sets optimistic domestic soybean production target...

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Impacts of Surging Fertilizer Prices to Farms

Economists at Texas A&M University recently completed two studies on impacts of surging fertilizer prices for farms.

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Biden Considering Reducing 2022 Ethanol Blending Requirement from Initial Proposal

After proposing in December the 2022 ethanol blending requirement will be 15 billion gallons, the Biden administration is thinking about reducing it before it becomes final . . .

Pro Farmer Evening Report:   Jan. 12, 2022
Pro Farmer Evening Report: Jan. 12, 2022

Biden considering reducing 2022 ethanol blending requirement from initial proposal

Pro Farmer Reaction to USDA's Reports
Pro Farmer Reaction to USDA's Reports

In reaction to the reports, corn is still trading 2-3 cents lower, soybeans are 1-3 cents higher, winter wheat futures are 9-12 cents lower, spring wheat is 4-7 cents lower and cotton is 75-200 points higher.

EPA Proposed Rule on Canola Oil Pathways for Renewable Diesel, Jet Fuel Sent for Review
EPA Proposed Rule on Canola Oil Pathways for Renewable Diesel, Jet Fuel Sent for Review

EPA has forwarded to the Office of Management and Budget (OMB) for review a proposed rule regarding canola oil pathways for renewable diesel, jet fuel, naptha and liquid propane gas under the RFS.

USDA to Release A Barrage of Data | January 12, 2022
USDA to Release A Barrage of Data | January 12, 2022

NATO will meet with Russia today, China’s ag ministry lowered its forecast for 2021-22 corn consumption and lean hog futures may be under-valued...

India Opens Market to U.S. Pork Imports
India Opens Market to U.S. Pork Imports

USDA and the U.S. Trade Representative announced India has opened its market to U.S. pork imports.

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Argentine Temps Will be the Hottest in About Eight Years

With temps around 117 degrees, Argentina will likely see its hottest temps on Friday and Saturday since Jan. 23-24, 2014, according to World Weather Inc.

Millers’ association warned state twice of looming shortfalls.
Corn Analysis - Jan. 11

Corn futures traded mixed as traders evened up positions before tomorrow’s USDA reports. March futures edged up 1 1/4 cents to $6.01.

Pro Farmer Evening Report: Jan. 11, 2022
Pro Farmer Evening Report: Jan. 11, 2022

Argentina temps will be the hottest in about eight years

Lawmaker Offers Beef Labeling Legislation
Lawmaker Offers Beef Labeling Legislation

With the Biden administration eyeing a rewrite of the “Product of the USA” label, Sen. Roger Marshall (R-Kan.) introduced the Bona Fide Beef Branding Act of 2022 . . .

Putin Downplays Invasion Plans | January 11, 2022
Putin Downplays Invasion Plans | January 11, 2022

China will maintain tariffs on DDG's, Vilsack highlights WOTUS plans and Fed Chair Powell says the Fed will keep inflation under wraps...

Consultant Continues to Cut South American Crop Estimates
Consultant Continues to Cut South American Crop Estimates

Unfavorable weather continues to reduce production potential in South America, with Argentina and southern Brazil facing hot and dry conditions, while areas of central and northeastern Brazil are too wet.

Slew of Report Data Coming Jan. 12
Slew of Report Data Coming Jan. 12

USDA’s January crop reports tend to swiftly move markets since there’s so much data.

Supreme Court Rejects Appeal to Reinstate Year-Round E15 sales
Supreme Court Rejects Appeal to Reinstate Year-Round E15 sales

The Supreme Court rejected appeal by Growth Energy to reinstate an EPA rule that would have permitted year-round sales of fuel containing as much as 15% ethanol.

Pro Farmer Evening Report: Jan. 10, 2022
Pro Farmer Evening Report: Jan. 10, 2022

Supreme Court rejects appeal to reinstate year-round E15 sales

Consumers Willing to Pay More for Retail Beef and Pork as Market Share Increases
Consumers Willing to Pay More for Retail Beef and Pork as Market Share Increases

Consumers are willing to pay more for retail meat and most food service meat, according to the monthly Kansas State University Meat Demand Monitor.

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Lower Part of the Mississippi Dredging Makes Progress

Cargo vessels can load more corn and soybeans and reduce shipping costs due to dredging progress on the lower Mississippi River, according to the Soybean Transportation Coalition.

Jerry Gulke: New Year, New Paradigm for Grain Markets?
Jerry Gulke: New Year, New Paradigm for Grain Markets?

2022 started off with a bang in the corn and soybean markets. 

Pro Farmer Evening Report: Jan. 7, 2022
Pro Farmer Evening Report: Jan. 7, 2022

Big jobs miss for December, but unemployment falls to 3.9%

Mortgage Rates on the Rise | January 7, 2022
Mortgage Rates on the Rise | January 7, 2022

The federal government is closed again due to snow, wages among small businesses are on the rise and the President of Kazakhstan issues kill order...

Record Argentina Wheat Crop Getting Bigger
Record Argentina Wheat Crop Getting Bigger

The fourth increase over the past month by the exchange was due to higher-than-expected yields as farmers wrap up harvest.

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More Heat and Dryness Forecast for Southern Brazil, Paraguay and Argentina

Drier and hotter weather is predicted for southern Brazil, Paraguay and Argentina, according to World Weather Inc.

Pro Farmer Evening Report: Jan. 6, 2022
Pro Farmer Evening Report: Jan. 6, 2022

U.S. trade deficit widens for November despite increased ag surplus

AgRural Slashes Brazilian Soybean Crop Estimate
AgRural Slashes Brazilian Soybean Crop Estimate

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.

Russian Troops Sent to Kazakhstan | January 6, 2022
Russian Troops Sent to Kazakhstan | January 6, 2022

Ag-Rural cuts Brazilian soybean crop estimate, USDA unveils nitrogen related insurance plan and E.U. energy companies are feeling the burn...

New York Fed Index: Global Supply Pressures May Be Nearing Peak
New York Fed Index: Global Supply Pressures May Be Nearing Peak

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).

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Analysts Might Start Cutting Argentine Corn Estimates Due to Dryness

Due to dryness in Argentina, the Buenos Aires Grain Exchange says it might start marking down their record high 2021-22 corn harvest estimates. . .

Pro Farmer Evening Report: Jan. 5, 2022
Pro Farmer Evening Report: Jan. 5, 2022

Fed minutes: Need to hike rates faster, reduce balance sheet quickly

China Rumored in the Market for Corn and Beans | January 5, 2022
China Rumored in the Market for Corn and Beans | January 5, 2022

U.S. and E.U. officials coordinate to investigate JBS and its parent company, American workers quit their jobs at a record pace in November and China looks to ensure stable economic growth…

EU 2021-22 Soft Wheat Exports up to 14.01 MMT
EU 2021-22 Soft Wheat Exports up to 14.01 MMT

Soft wheat exports from the European Union for the 2021-22 season reached 14.01 MMT by Jan. 2. . .

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Paper Outlines Challenges Ahead for Climate-Smart Agriculture Policies

Deploying climate-smart agriculture (CSA) policies globally will provide benefits from reducing greenhouse gas (GHG) emissions and providing carbon capture. But . . .

Ethanol Industry Gave Mixed Comments During EPA RFS Hearing
Ethanol Industry Gave Mixed Comments During EPA RFS Hearing

Ethanol industry officials praised and criticized EPA’s Renewable Volume Obligations (RVOs) proposed rules during the virtual hearing hosted by the agency.

Pro Farmer Evening Report: Jan. 4, 2022
Pro Farmer Evening Report: Jan. 4, 2022

Winter wheat damage likely to be limited with next cold blast

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Consultant Further Cuts South American Crop Estimates

Crop Consultant Dr. Michael Cordonnier cut his Brazilian soybean and corn crop estimates.

Biden Examines Packing Industry | January 4, 2022
Biden Examines Packing Industry | January 4, 2022

South American weather remains volatile, wheat crop conditions deteriorated in December and the White House will tighten labeling standards...

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Mandatory Bioengineered Labeling Begins

Jan. 1 brought a new set of regulations to U.S. food and agriculture: mandatory genetic engineered (GE) labeling.

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Firm Slashes Brazilian Soybean Estimate

Due to recent crop stress from heat and dryness commodity brokerage firm StoneX cut its estimate for Brazil’s soybean and corn crops.

Gov’t to Take More Aggressive Anti-Trust Efforts for Meat Packers
Gov’t to Take More Aggressive Anti-Trust Efforts for Meat Packers

U.S. Attorney General Merrick Garland urged Congress to boost the Department of Justice’s funding for antitrust enforcement.

Ag Producers Share Lessons Learned from a Volatile 2021
Ag Producers Share Lessons Learned from a Volatile 2021

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

Pro Farmer Evening Report: Jan. 3, 2022
Pro Farmer Evening Report: Jan. 3, 2022

Firm slashes Brazilian soybean estimate under last year’s record level

California’s Prop 12 Took Effect Jan. 1
California’s Prop 12 Took Effect Jan. 1

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.

Pro Farmer Evening Report: Dec. 31, 2021
Pro Farmer Evening Report: Dec. 31, 2021

Ukraine grain exports up 23.5% for first half of the year

China Chides Sam's Club | December 31, 2021
China Chides Sam's Club | December 31, 2021

Government offices are closed today but the markets will trade a full day, China cuts EV subsidies and hog traders exit 2021 amid optimism...

China Chides Sam's Club | December 31, 2021
China Chides Sam's Club | December 31, 2021

Government offices are closed today but the markets will trade a full day, China cuts EV subsidies and hog traders exit 2021 amid optimism...

High Fertilizer Prices to Limit Output and Keep Palm Oil Prices High

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.

Sustainable Aviation Fuel has Several High Hurdles
Sustainable Aviation Fuel has Several High Hurdles

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.