Markets - General
Growth in renewable diesel could revolutionize the U.S. soybean industry.
U.S. soybean futures hit their lowest since December on Monday, with concerns over exports in focus after U.S. Trade Representative Katherine Tai pledged to press Beijing over its failure to keep trade promises.
Greater transportation efficiencies will only make U.S. exporters more competitive, will support basis and put more revenue in producers’ pockets.
While the supply shocks came to the 2020 final production numbers from USDA this week, Dan Basse, AgResource Company, thinks the national corn yield still has room to change for the 2021 production year.
Growing conditions during the summer showed the Eastern Corn Belt had better crop production potential compared to the West. Naomi Blohm and Bob Utterback talk harvest yield reports and the potential market impact.
China’s wheat imports hit the highest level in two decades, currently accounting for 19% of global consumption. The U.S. supplied 3 million metric tons of wheat imports during the last marketing year, or a 28% share.
Make basis analysis the foundation of pricing decisions.
With lawmakers focused on environmental social governance and carbon-neutral fuels, odds are the momentum to replace petroleum-based diesel with renewable diesel will not be exhausted soon.
The South American country is poised for a top spot on the crop leaderboard.
More than a month after ASF was detected in the Western Hemisphere, pork producers are still on edge about the possibility it will enter the U.S., as economists say it would shutter exports almost overnight.