PRO FARMER
The Container Port Performance Index 2023 reveals a stark contrast between Chinese and American port efficiencies.
India approved a 101 billion rupee (US $1.2 billion) program to double edible oil production in the country within seven years, aiming to reduce dependence on costlier imports.
Brazil is projected to import its highest amount of diesel in two years, driven by a strong economy and increased fuel demand.
CARB is maintaining its proposal from August to limit credit generation for certain crop-based biofuels, while expanding the scope of feedstocks affected.
The U.S. Trade Representative’s (USTR) office and USDA on Monday detailed strides made in expanding market access and boosting agricultural exports for U.S. producers.
Russia hiked the export duty for corn almost tenfold, marking the first sign of export curbs amid lower corn crop forecasts.
Winter wheat planting rates in Russia have fallen to an 11-year low, clouding the outlook for the 2025 harvest, Black Sea consultancy SovEcon said.
USDA revised its forecast for food prices in 2024, expecting a smaller increase than previously predicted.
Brazil is making significant strides in the development and production of sustainable aviation fuel (SAF), positioning itself as a potential leader in this emerging market.
Despite lawmaker chatter this week about various high-level meetings regarding a new farm bill, the same issues remain.
We recap this week’s price action and provide outlook for the next 5, 30 and 90 day segments.
Senate Ag Chair Debbie Stabenow (D-Mich.) is pushing to finalize a full five-year farm bill rather than pursue an ad hoc emergency assistance package for farmers, despite pressure from commodity groups and some lawmakers.
The International Grains Council (IGC) trimmed its forecast for 2024-25 global wheat and corn production.
The tariff rate on U.S. soybeans is as high as 56.5%, including goods and services tax (GST) and value added tax (VAT). This high tariff structure acts as a significant trade barrier for U.S. soybean exports to India.
The contract between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) is set to expire on Sept. 30.
The Brazilian Chamber of Deputies approved the “Fuels of the Future” bill last week, which could increase soybean crushing for biodiesel production.
Members of the National Oilseed Processors Association (NOPA) crushed 158.0 million bu. of soybeans during August.
Remnants of Hurricane Francine produced significant rains across the northern Delta and Tennessee River basin, but World Weather Inc. says water levels on the lower Mississippi river will rise for only a few days before falling again.
Environmental groups challenge the EPA’s 2023 decision to deny a petition for stricter regulations, arguing that the agency is neglecting its duty to control CAFO pollution.
The report recommends moving away from the current system of subsidies based on land size to one focused on farmer income.
The House approved the Protecting American Agriculture from Foreign Adversaries Act, aimed at increasing oversight of farmland purchases by foreign investors, particularly those from China, Russia, Iran and North Korea.
Reuters reported USDA Secretary Tom Vilsack is “confident” the clean fuels tax credit will be finalized by end of the Biden administration in January.
The decline was partially due to lower total national supply (down 1% to 38.7 MMT).
Federal Reserve policymakers said they are ready to lower interest rates at the U.S. central bank’s meeting in two weeks.
The SAF Coalition has formed, representing nearly 40 major airlines, airports, manufacturers and biofuel producers, lobbying Congress to provide a larger and longer-lasting tax incentive for sustainable aviation fuel (SAF).
Low water conditions have led to several barges running aground along a key stretch of the lower Mississippi River, the U.S. Coast Guard told Reuters.
A push by India to make more corn-based ethanol has turned Asia’s top corn exporter into a net importer for the first time in decades, squeezing local poultry producers and scrambling global supply chains.
USDA Secretary Tom Vilsack announced funding for 160 projects across 26 states to expand clean energy systems and boost domestic biofuels.
Members of the National Oilseed Processors Association (NOPA) crushed 182.9 million bu. of soybeans in July.
Details on the latest production forecasts from the International Grains Council.