Grain Prices “Steep Dive” Following Production, Stocks Reports
Dow Jones writer Kirk Maltais reported on Friday that, "Wheat for December delivery fell 6.6% to $5.40 3/4 a bushel, on the Chicago Board of Trade on Friday, with heavy…
Lower Water Levels on Mississippi Put “Crop Exports at Risk,” Impact New Orleans Drinking Water
Bloomberg writer Michael Hirtzer reported on Friday that, "America’s crop exports are once again at risk due to a diminished Mississippi River."
Wheat Prices Hit Two Year Low, While “Super” El Niño Event Possible
Reuters writer Pavel Polityuk reported today that, "Russia carried out a big wave of air strikes on three Ukrainian regions early on Thursday in which Ukrainian officials said some attack…
Bloomberg: As EVs Dent Gasoline and Ethanol Demand, Focus Turns to “Green Jet Fuel”
Bloomberg writers Kim Chipman and Tarso Veloso Ribeiro reported yesterday that, "For US corn farmers, the rise of green jet fuel is their best hope of staving off an existential…
Iowa Drought Concerns Farmers; While 15% of Corn, and 12% of Soybeans Harvested
Donnelle Eller reported on the front page of Sunday's Des Moines Register that, "Drought, now [Iowa's] longest in two decades, encompasses most of Iowa, a new U.S. Drought Monitor shows…
As Harvest Unfolds, Mississippi River Transportation Issues Persist
Associated Press writer Scott McFetridge reported on the front page of Saturday's Des Moines Register that, "A long stretch of hot, dry weather has left the Mississippi River so low…
USA Today: “Trouble on the River,” Mississippi Water Levels a Concern Again This Fall
Chris Kenning reported on the front page of today's USA Today that, "In the wheelhouse high atop the rumbling, 240-foot boat, James Garner perched in a chair surrounded by levers,…
Cut in U.S. Soybean Harvest, While Corn Production Increased- Expected to Be “the Second-Largest on Record”
Reuters writer Mark Weinraub reported yesterday that, "The U.S. government cut its forecast for the soybean crop on Tuesday after hot and dry conditions during key growth stages but raised…
U.S. Corn, Soybean Conditions: “Hovering at Their Lowest Levels in a Decade”
DTN Managing Editor Anthony Greder reported yesterday that, "The 2023 U.S. corn harvest is slightly outpacing the five-year average so far as the crop continues to reach maturity ahead of…
FAPRI Baseline Update- U.S. Farm Income and Government Costs in Focus
The Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri released its latest baseline update for U.S. farm income and government costs on Monday.
Impact of Summer Heat on U.S. Crops Debated, as Black Sea Export Issues Persist
Dow Jones writer Kirk Maltais reported on Friday that, "The effect of scorching heat on maturing U.S. crops is driving the price debate in grain markets, with trading volume of…
Global Food Prices Decline in August- Lowest in Two Years, But Rice at 15-Year High
Bloomberg writer Agnieszka de Sousa reported today that, "Global food prices resumed declines to the lowest in more than two years amid ample supplies of cooking oils and dairy, even…
Federal Reserve: Observations on the Ag Economy- August 2023
On Wednesday, the Federal Reserve Board released its August 2023 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining…
U.S. Corn, Soybeans Good-to-Excellent- “Lowest For This Time of Year Since 2012”
Reuters News reported today that, "Chicago soybean futures rose on Wednesday, recouping the last session’s losses, after a weekly U.S. report showed that crop conditions had deteriorated more than expected…
FAPRI Baseline Update- Grain and Soybean Variables in Focus
The Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri released its latest baseline update for U.S. agricultural markets on Tuesday.
2023 Farm Sector Income Forecast, August
The USDA’s Economic Research Service (ERS) indicated on Thursday that, "Farm sector income is forecast to fall in 2023 after reaching record highs in 2022. Net farm income, a broad…
Mississippi River Barge Freight Rates Climb on Lower Water Levels
Bloomberg writer Tarso Veloso Ribeiro reported yesterday that, "The cost to transport America’s harvest from the Midwest to the rest of the world is soaring as shrinking water levels on…
EPA Amends “Waters of the U.S.” Rule to Conform With Supreme Court Decision
DTN writer Todd Neeley reported yesterday that, "The EPA removed the term 'significant nexus' from the waters of the U.S. (WOTUS) rule in a final revision announced by the agency…
U.S. Corn, Soybean Conditions Slightly Lower; El Niño Weather Variables, and Danube River Transport in Focus
Reuters writer Julie Ingwersen reported yesterday that, "Weekly condition ratings for the U.S. soybean and corn crops declined in the past week after a spell of sweltering heat in the…
Logistical Breakthroughs Boost Brazil Corn Export Competitiveness, While China GMO Trials Show “Outstanding” Results
Reuters writer Ana Mano reported yesterday that, "Brazil is set to overtake the U.S. this year as the world's top corn exporter, reflecting both a bumper harvest and logistical breakthroughs…