PRO FARMER
March soybean futures fell 7 1/2 cents to 13.69 3/4, down 40 1/2 cents on the week and the contract’s lowest settlement since $13.55 1/2 on Jan. 3.
LanzaJet announced Microsoft is investing $50 million in its sustainable aviation fuel biorefinery in Georgia to produce jet fuel next year.
La Niña conditions are likely to continue during the Northern Hemisphere spring.
March SRW wheat futures fell 11 cents to $7.46 3/4, the lowest close in a week. March HRW futures fell 18 1/4 cents to $7.59 1/4, the lowest closing price since $7.54 on Oct. 21.
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 . . .
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 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 and the U.S. Trade Representative announced India has opened its market to U.S. pork imports.
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.