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Latest News Summary

Corn Trades Above $7 as Weather in Brazil Raises Concern- U.S. Corn Acres a Source of Speculation

Bloomberg writers Breanna T Bradham, Kim Chipman, and Fabiana Batista reported on Tuesday that, “Corn futures surged above $7 a bushel for the first time in more than eight years as lack of rainfall in Brazil added to supply concerns.”

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Recent News Summaries

Corn Planting Rate Fastest Since 2015

Bloomberg writers Kim Chipman and Dominic Carey reported on Monday that, “U.S. corn farmers are planting at the fastest pace since 2015, a move that could finally bring some relief to a market that’s battling tight supplies.”

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Corn, Soybean Price Increases Boost Farm Income- Upend Global Trade Flows, La Nina a Variable

Reuters writer Tom Polansek reported last week that, “A surge to eight-year highs in U.S. corn and soybean prices is boosting farmers’ incomes and their demand for land, tractors and tools.”

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More Driving Assists Ethanol Demand, While Higher Corn Prices Impact Wheat Use

Bloomberg writer Kim Chipman reported earlier this week that, “Corn’s stunning price rally is getting an extra boost as more U.S. drivers return to the open road.”

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U.S. Supreme Court Hears Case on Biofuel-Blending Waivers

Bloomberg writer Jennifer A Dlouhy reported earlier this week that, “A long-running clash between gasoline and ethanol producers will be before the U.S. Supreme Court on Tuesday, in a case that could cost small oil refineries hundreds of millions of…

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Wheat, Corn, Soybeans: Highest Since 2013

Bloomberg writers Kim Chipman and Megan Durisin reported this week that, “A crop rally in the U.S. is making essential food commodities dramatically more expensive, and the costs could soon spill over onto grocery store shelves.”

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Kansas City Fed: Reduced Demand for Farm Loans in First Quarter

In an update earlier this month from the Federal Reserve Bank of Kansas City (“Farm Lending Remains Muted in Early 2021“), Nathan Kauffman and Ty Kreitman stated that, “Farm loan demand remained muted at commercial banks in the first quarter of…

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