PRO FARMER
Argentina’s daily soy trading volume hit its highest level in five and a half years, the country’s Rosario Grain Exchange said, after the government announced a higher foreign exchange rate during September.
The Biden administration is expected to announce a rule this year that would detail annual biofuel blending mandates for the refining industry for a three-year period instead of just for one. . .
Corn-for-ethanol use totaled 445.7 million bu. during July, according to USDA, which was a little lighter than the 448.3 million bu. traders expected.
With California’s power grid under strain due to extreme heat and high demand, the utility grid operator is asking residents to avoid charging their electric vehicles (EVs).
Officials expect Ukraine’s key agricultural exports – grains, oilseeds and oils – to rise to about 4 MMT this month . . .
Acres that U.S. farmers were unable to plant have more than tripled from the same period last year as extreme weather wreaks havoc on fields.
Severe droughts across the Northern Hemisphere — stretching from the farms of California to waterways in Europe and China — are further snarling supply chains and driving up the prices of food and energy. . .
Corn posted modest gains late this week but not enough to offset the sharp declines posted early this week, with the market holding a sideways-neutral posture heading into next week.
The area sown to winter grains in Ukraine could fall by 30% to 60% in 2023 without state assistance and an increase in grain exports, UABC agriculture union director Roman Slastyon said.
A severe drought is magnifying Europe’s economic risks by disrupting crop yields, energy production and trade flows at a time when the continent is already facing soaring food and fuel prices. . .