PRO FARMER
Ethanol production averaged 1.062 million barrels per day (bpd) during the week ended Jan. 5, up 13,000 bpd from the previous week.
The U.S. exported 607.5 million lbs. of pork during November, up 35.3 million lbs. (6.2%) from October and 30.0 million lbs. (5.2%) more than last year.
The U.S. exported $16.09 billion of agricultural goods in November against imports of $15.99 billion, resulting in a surplus of $98.97 million.
U.S. consumers’ outlook for inflation over the short run fell to the lowest level in nearly three years in December, the New York Federal Reserve said.
The annual American Economic Association gathering of the nation’s top economists brought mixed sentiments.
Brazil exported 3.829 MMT of soybeans during December, according to official government data.
The White House expressed concern over the potential impact of higher shipping costs on the U.S. economy due to the diversion of ships from the Red Sea.
Missouri Gov. Mike Parson (R) issued an executive order banning businesses or individuals from nations designated as adversaries from purchasing farmland near military installations.
Denmark’s Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route that gives access to the Suez Canal following a weekend attack on one of Maersk’s vessels.
Corn-for-ethanol use totaled 455 million bu. during November, according to USDA, topping expectations of 451 million bushels.