Latest News Summary
FAS Report: Corn Ethanol Production Booms in Brazil
A report earlier this month from USDA’s Foreign Agricultural Service (FAS), “Corn Ethanol Production Booms in Brazil,” stated that, “Plentiful, and generally cheap, corn supplies in Brazil’s Center-West region have enticed investment in the corn ethanol sector over the last…
Recent News Summaries
Robust Soybean Export Forecast, While Countries “Bulk Up” Their Food Supplies
Mark Ash and Dana Golden explained in this month’s Oil Crops Outlook, from USDA’s Economic Research Service (ERS), that, “Despite an unchanged yield, USDA pegs the 2020/21 U.S. soybean crop down by 45 million bushels this month to 4.268 billion…
Argentina- First Country to Approve GMO Wheat and Expects Authorization from Brazil
Last week, the Argentine government approved the first transgenic wheat in the world, tolerant to drought and ammonium glufosinate herbicide. The variety HB4 was developed by biotechnology companies Bioceres (Argentina) and Florimond Desprez (France).
Smaller Corn and Soybean Supply Forecast, as Derecho Harvest Impact Grows
Reuters writer Mark Weinraub reported late last week that, “U.S. corn and soybean supplies will be smaller than previously forecast, as adverse weather reduced the acreage that farmers will harvest, the U.S. government said on Friday.”
Recent FAS Reports Highlight Soybean, Meat, and Corn Export Variables
Reports this month from the USDA’s Foreign Agricultural Service (FAS) have provided updated information on market variables impacting soybeans, meat, and corn. Today’s update highlights some of the key findings from these FAS publications.
African Swine Fever in Germany Continues to Impact Pork Markets
Reuters News reported this week that, “One more case of African swine fever (ASF) has been confirmed in a wild boar in the eastern German state of Brandenburg, Germany’s federal agriculture ministry said on Wednesday.”
Pandemic, Drought, and Derecho Among Factors Impacting the Farm Economy
In an update late last month at the USDA blog, Robert Johansson, the Department’s Chief Economist, highlighted how the COVID-19 pandemic was adversely impacting the American farm economy.