PRO FARMER
USDA continues to increase its forecasts for food price inflation for various grocery store items, led by beef and pork prices. . .
Corn futures closed at the highest levels in over six months on support from rallying soybeans and wheat, and concerns persistent dryness in parts of South America will trim crop potential.
USDA overpaid corn farmers in 2019 by around $3 billion for impacts from former President Donald Trump’s trade policies, in part because the agency over-estimated the value of lost export business. . .
EPA’s proposed biofuels blending levels announced Dec. 7 under the Renewable Fuel Standard (RFS) for 2020, 2021 and 2022 have now been published in the Federal Register.
The surging spot shipping rates of the past year are set to translate into steep price increases in 2022, the Wall Street Journal writes. . .
Russian and Ukrainian farmers are expected to harvest 110.4 MMT of wheat in 2022, 2.6 MMT more than previously forecast by Black Sea region ag consulting firm SovEcon.
Some rains fell on southern Brazil over the weekend, but they weren’t enough to stop net drying in the region.
Russia plans to set its grain export quota at 11 MMT, including 8 MMT of wheat, from Feb. 15-June 30, 2022 . . .
The NCGA and state organizations sent a letter asking Mosaic executives to “voluntarily withdraw your countervailing duties and allow critical supply back into the U.S. . . . “
Unica expects more sugarcane to be allocated to ethanol production – 55.13% this year versus 53.93% last year.