Your Pro Farmer newsletter (Sept. 28, 2024) is now available

Soybean led gains in the grain markets amid heat and dryness concerns in central Brazil as the country’s 2024-25 planting season gets underway and worries about a poor finish to the U.S. growing season. November soybeans rebounded more than $1.00 from the August low and firmed to their highest level since late July. December corn futures also reached its highest level since late July, while wheat futures were unable to clear their mid-September highs. USDA’s Hogs & Pigs Report showed the Sept. 1 hog inventory was modestly bigger than year-ago, but about in line with expectations, aside from near-term market hog inventories that greatly topped expectations. The Cold Storage Report indicated meat demand continues to keep pace with supplies for both beef and pork. The big economic news was China’s broad stimulus efforts and indications more supportive measures will be coming as it tries to break out of the deflationary funk and spur demand. Our News page 4 feature this week takes a look at what’s taking so long on getting 45Z clean fuel credit guidance, which will go into effect on Jan. 1, 2025. We cover all of these items and much more in this week’s newsletter, which you can download here.