The reporting period preceded Hurricane Ida. New-crop sales of soymeal were also impressive at nearly 400,000 MT.
Storm damage, power outages keeping all southern Louisiana terminals closed. Argentine producers consider grain and cattle trade strike to protest restrictions on beef exports. Brazil investigating suspected BSE case.
The Renewable Fuels Association supports EPA’s reevaluation of the exemptions, but it objects to EPA’s remand request.
Transportation expert comments on Hurricane Ida destruction. Russia could extend mineral extraction tax to fertilizer. Indian monsoon rains expected to pick up. Litigation, confusion follow overturning of water rule.
“The loud and angry debates over crop-protection products in Europe can give the false impression that farmers like me are prone to over-use chemicals on what we grow,” Maria Gabriela Cruz says in this guest blog post.
Argentina’s government has extended its restrictions on beef exports until the end of October, a politically charged move that’s likely to anger the country’s meat producers.
CHS says it could be up to a month before power restored at its Louisiana grain terminal. Consultant cuts Brazilian corn crop. Covid-19 hits China’s service sector. Final U.S. military plane left Kabul.
Its July Estimates Production of Principal Field Crops report shows durum wheat crop prospects down 39.2% from the 2020 season at nearly 4.00 MMT, with spring wheat crop prospects down 37.7% at 16.10 MMT.
Soybean inspections were stronger than the market anticipated, but expectations were limited and the amount of beans inspected for export were well under year-ago levels.
More rain for northern areas of the Midwest, Ida causes limited crop damage. IKAR reports Russian wheat prices still climbing. The real price tag of “social” infrastructure measure.

Meghan Vick

Meghan joined Pro Farmer in June 2011 and is currently the News Editor. Prior to joining the Pro Farmer team, Meghan worked as an editor at Stocks, Futures and Options (SFO) magazine. During her time there she gained her Series 3 license from the National Futures Association. She is a 2009 Summa Cum Laude graduate of Wartburg College in Waverly, Iowa, with Bachelor of Arts degrees in English and writing. LimelightPlayerUtil.initEmbed(‘limelight_player_28855'); At Pro Farmer, Meghan writes many of the daily market commentaries in addition to website news stories and updates on Washington happenings. She also compiles the quarterly Washington Outlook Report.