Corn and wheat turned higher on Tuesday while the soy complex sold off despite strength in palm oil futures. Rumors that the EPA will soon announce its biofuels mandates, including a report from Reuters citing unnamed sources, helped support corn and ethanol demand expectations while painting a...
Corruption Focus The Biden Administration will emphasize its Strategy on Countering Corruption at this week’s Summit for Democracy. Shell companies will be required to report their true owners and the goal is to strengthen democracies by weakening corruption. Not all think this is a good...
Mar 22 Corn closed at $5.86/bushel, up $0.025 from yesterday's close. Mar 22 Wheat closed at $8.085/bushel, up $0.0225 from yesterday's close. Jan 22 Soybeans closed at $12.5025/bushel, down $0.1125 from yesterday's close. Jan 22 Soymeal closed at $349.7/short ton, down $2.9 f...
Everyone knows China loves pork, but its new affinity is dairy. Throughout Chinese history, dairy was mostly associated with nomadic tribes, like the dreaded Mongolians. Cattle were work animals used to plow the fields. It had a less sophisticated reputation. This historical view of dairy consu...
Corruption Focus The Biden Administration will emphasize its Strategy on Countering Corruption at this week’s Summit for Democracy. Shell companies will be required to report their true owners and the goal is to strengthen democracies by weakening corruption. Not all think this is a good...
Mar 22 Corn closed at $5.86/bushel, up $0.025 from yesterday's close. Mar 22 Wheat closed at $8.085/bushel, up $0.0225 from yesterday's close. Jan 22 Soybeans closed at $12.5025/bushel, down $0.1125 from yesterday's close. Jan 22 Soymeal closed at $349.7/short ton, down $2.9 f...
Everyone knows China loves pork, but its new affinity is dairy. Throughout Chinese history, dairy was mostly associated with nomadic tribes, like the dreaded Mongolians. Cattle were work animals used to plow the fields. It had a less sophisticated reputation. This historical view of dairy consu...
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Pakistan has agreed that the transportation of 50,000 MT wheat from India to Afghanistan, via Pakistan, can be done using Afghan trucks. India had wanted to use Indian trucks and refused to agree to Pakistan trucks. Hopefully Afghan...
EPA released its 2022 proposed required volume obligations (RVO) under the RFS along with the retroactive 2021 volumes and an adjustment to the 2020 volumes. EPA is also proposing to add a 250-million-gallon “supplemental obligation” to the volumes proposed for 2022 and...
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Pakistan has agreed that the transportation of 50,000 MT wheat from India to Afghanistan, via Pakistan, can be done using Afghan trucks. India had wanted to use Indian trucks and refused to agree to Pakistan trucks. Hopefully Afghan...
Mar 22 Corn closed at $5.835/bushel, down $0.005 from yesterday's close. Mar 22 Wheat closed at $8.0625/bushel, up $0.025 from yesterday's close. Jan 22 Soybeans closed at $12.615/bushel, down $0.0575 from yesterday's close. Jan 22 Soymeal closed at $352.6/short ton, down $6 f...
The CBOT traded mostly lower to start the week with soymeal dragging soybeans lower, despite a slight rise in soyoil futures. Corn rebounded from the day’s lows and settled just ½-cent lower and held to its recent trading range. Political uncertainty regarding Russia’s troop...
Russia is positioning to invade Ukraine if it wants, and China is seeking to put a military base on the Atlantic in Equatorial Guinea. Then there is China’s threats to Taiwan and Iran’s potential abandonment of the nuclear agreement. One of the above could limit grain exports out of...
Brazilian Minister of Agriculture, Tereza Cristina, has stated she’s hopeful Brazil will be shipping beef to China again this month. Brazil’s largest market has been closed now for 90 days since exports were suspended after the notification to the World Organization for Animal Healt...
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