PRO FARMER
Brazil may start exporting corn to China before the end of this year, Cesario Ramalho, the head of institutional affairs at corn farmer group Abramilho, said on Tuesday.
December corn futures surged 27 1/4 cents to $6.23 1/2, up 16 cents for the week and the contract’s highest closing price since June 29.
Oil refining companies and their labor union representatives pressed the Environmental Protection Agency at a virtual meeting last week to lower costs of the nation’s biofuel blending program. . .
The U.S. exported $17.1 billion of ag goods against imports of $17.8 billion for a deficit of $656 million in May.
U.S. ethanol production during the week ended July 1 averaged 1.044 million barrels per day (bpd), down 7,000 bpd . . .
The U.S. Chamber of Commerce is calling on President Joe Biden to help resolve a dispute between the country’s Class 1 railroads and 12 rail unions to avert a possible rail strike beginning July 18.
For the week ended July 1, the pork price in China was 26.25 yuan ($3.91) per kilogram.
The U.S. has warned the Kremlin is trying to profit by selling stolen wheat from Ukraine to drought-stricken countries in Africa.
Soybean yields in northern Argentina are a little better than expected.
The only major new element is payments to 195 biofuel production facilities. . .