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Another firm slashes Brazil’s soy crop

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

AFBF President Zippy Duvall told members this week he will continue to press for policy that progresses agriculture, citing AFBF’s work on changes to the White House’s “America the Beautiful” plan as an example.

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

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 . . .

Evaluating market fundamentals has led most analysts to project stronger price trends over the next few years. But just how high could prices go? Studying market patterns over the last 30 years provides valuable clues.

Biden considering reducing 2022 ethanol blending requirement from initial proposal

The EPA says prior to Jan. 11, 2022, the agency “did not consistently assess the potential effects of conventional pesticides on listed species when registering new active ingredients.”

USDA made slight adjustments to the final 2021 corn-production estimate, but not due to a change in yield. USDA reported a slightly higher national soybean yield. The agency also revised demand in WASDE on Wednesday.

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.