PRO FARMER
However, if the Brazilian real were to rally, it could negatively impact Brazilian soybean producers by reducing their competitive advantage and increasing the costs of imported agricultural inputs like crop nutrients and pesticides, which are priced in dollars.
USDA raised its 2024 beef production forecast 81 million lbs. from last month due to higher steer/heifer and cow slaughter, which more than offsets lighter dressed weights.
Senate Ag Committee Chair Debbie Stabenow (D-Mich.) announced that progress on the farm bill has stalled due to Republican resistance to compromise on SNAP and climate funding.
The $800 million grain export facility project planned by Greenfield Louisiana LLC in Wallace, Louisiana, has been canceled after extensive delays in obtaining federal permits.
According to the organizations, the performance partly reflects the adoption of the reference value called the “export dollar,” in force since December 2023.
China installed more solar power capacity last year than the U.S. has built in its history, but this expansion has raised concerns as solar farms encroach on cropland.
Recap of the week’s price action for cotton with outlook broken down into the next 5, 30 and day day segments.
Corn-for-ethanol use fell shy of the average pre-report estimate of 450.0 million bushels.
China’s soymeal stocks reached a record 1.38 MMT as of July 26, according to the China National Grain & Oils Information Center.
For the first time in nearly two years, the average cost of moving goods by truck is set to rise 0.2% annually this month, signaling a potential end to the trucking recession, according to Bloomberg.
Michigan Governor Gretchen Whitmer (D) recently vetoed a $3 million grant program that aimed to incentivize the sale of E15 fuel.
We recap this week’s price action and look ahead at the next 5, 30 and 90 day segments for the corn market.
Rep. Mike Carey (R-Ohio) introduced the Biodiesel Tax Credit Extension Act of 2024, which seeks to extend the biodiesel tax credit (40A credit) through 2025.
In updated comments on a new farm bill, Senate Ag Chair Debbie Stabenow (D-Mich.) says the House proposal claims to enhance the farm bill but disproportionately benefits a few sectors.
These groups argue that without reforms to Endangered Species Act processes, farmers will face significant and costly restrictions that may be unnecessary to protect endangered species.
Agriculture and Agri-Food Canada (AAFC) updated its 2023-24 and 2024-25 balance sheets based on information available as of July 15.
A look at China’s soybean imports from Brazil and the U.S. during the first half of the year.
As a result, global grain stocks in the new-crop marketing year are expected to decline to a 10-year low.
We can infer some alignment between Vance and Trump’s policies on biofuels based on the following points:
USDA raised its beef production forecast for 2024, with higher expected steer and heifer slaughter more than offsetting reduced cow kills.
Chair Thompson criticized the Biden administration for imposing regulations he claims punish farmers and ranchers.
There are concerns about potential fraud in used cooking oil (UCO) trade as demand for feedstocks to produce biofuels in the U.S. increases.
Although a strike is not imminent, shippers are taking the threat seriously, with some diverting cargo to West Coast ports to avoid disruptions.
A recap of the week’s price action, with outlook for the next 5, 30 and 90 day segments.
The new CBO projections “prove what we have been saying all along: the House Republican farm bill is unpaid-for, relying on magic math and wishful thinking,” Senate Ag Chair Debbie Stabenow (D-Mich.) said.
Michigan’s ag department will provide the grant money for to up to 20 farms from its emergency response funds.
The world’s renewable fuel makers will face a waste oil supply crunch, Bloomberg reports.
The Iowa Department of Agriculture reported another dairy herd infected with H5N1, making a total of six herds infected in the state.
Members of the National Oilseed Processors Association (NOPA) crushed 183.6 million bu. of soybeans during May, 5.2 million bu. more than the average pre-report estimate and a record for the month.
The landscape for U.S. renewable diesel production has changed dramatically, similar to the growth of ethanol and biodiesel in the past two decades, according to a report from USDA’s Foreign Agricultural Service.