PRO FARMER
Based on a Reuters report, IHS Markit expects 2022 U.S. corn acres to slide to 91.578 million acres next year.
AgRural cuts Brazilian soybean, corn crop estimates due to drought.
USDA’s Agricultural Marketing Service (AMS) is planning on publishing three proposed rules in early 2022 that would address issues under the Packers and Stockyards Act (P&SA).
Starting in mid-January, the Federal Reserve will double the pace of its monthly bond tapering program with it scheduled to end in March.
EPA is still formally planning to release its proposed rulemaking on setting Renewable Volume Obligations (RVOs) under the Renewable Fuel Standard (RFS) for 2023 and beyond yet this year.
Updates on China’s factory activity, higher tariffs on pork imports & beef products from Brazil.
Lower-than-normal rainfall due to the La Niña climate pattern during Argentina’s summer would pose a “big challenge” for soybean and corn production, according to the Buenos Aires Grain Exchange.
Crop Consultant Dr. Michael Cordonnier cut his corn yield forecast . . .
The Brazilian government believes it is possible to increase grain plantings 5% per year for several years without deforestation, Agriculture Minister Carlos Favaro told Reuters.
Corn futures rose for the fifth straight day and settled at the highest levels in over seven months on strengthening export demand.