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Pork Export Variables and China

Earlier this month, in its Livestock and Poultry: World Markets and Trade report, the USDA’s Foreign Agricultural Service (FAS) stated that, “Driven by higher estimates for pork, the China total meat import forecasts for both 2020 and 2021 are revised…

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Recent News Summaries

In Last-Minute Move, Trump Administration Grants Three Refinery RFS Exemptions, But Court Stays EPA Action

Bloomberg writers Kim Chipman and Jennifer A Dlouhy reported on Tuesday that, “The Trump administration granted three oil refineries exemptions from biofuel-blending requirements in a last-minute move, prompting quick rebuke from ethanol and biodiesel producers.”

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Chinese Demand Undergirds Robust Soybean, Corn Prices

Reuters writers Hallie Gu and Dominique Patton reported last week that, “China’s soybean imports jumped 13% to an annual record in 2020, customs data showed on Thursday, after crushers ramped up purchases amid improved margins and healthy demand from the…

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EPA Seeks Input on E15 Labels and RFS General Waiver

Bloomberg writers Jennifer A Dlouhy and Kim Chipman reported late last week that, “The Trump administration advanced a flurry of biofuel policy proposals Friday, including plans that could help ethanol producers sell more of the corn-based fuel.”

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Federal Reserve: Observations on the Ag Economy- January 2021

On Wednesday, the Federal Reserve Board released its January 2021 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining to the U.S. agricultural economy.

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Administration Could Grant Last-Minute Biofuel Waivers

Earlier this week, Reuters writers Stephanie Kelly and Jarrett Renshaw reported that, “The Trump administration is expected to grant waivers to some oil refiners that would exempt them from requirements to blend biofuels into their fuel mix for the 2019…

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Need for Animal Feed: China Approves GMO Corn Varieties

Bloomberg News reported earlier this week that, “China approved two genetically modified corn varieties from Bayer AG and Syngenta AG for imports as demand for animal feed surges.”

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