News
U.S. attempting to ratchet down high trade tensions with China
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Thanks to the ongoing U.S. government shutdown, vital agricultural reports and export data have been suspended — leaving farmers and markets flying blind during harvest season.
Corn, soybeans and wheat each favored the downside in overnight trade despite comments yesterday that Trump predicted China would resume U.S. ag purchases.
U.S.-China trade tensions heating up
Most cattle classes tracked saw slight declines
Trading volume declined significantly during the last shutdown
Yesterday, Governor Gavin Newsom signed a bill that bans ultra-processed foods from the public school system, making California the first state to do so.
Wheat saw relative strength overnight, soybeans gave up a portion of recent gains and corn continues to trend sideways.
Abnormal dryness up 3% from a week ago
Grain futures prices mixed in overnight trading
New international shipping regulations aimed at reducing carbon emissions are opening doors for U.S. farmers by increasing demand for bio-based fuels like biodiesel and renewable diesel.
Soybeans saw relative strength overnight while corn and wheat saw action on either side of unchanged.
Various programs and reports are on hold. Among them are EQIP and SDRP. Also in jeopardy of being delayed or cancelled is the October WASDE, due this Thursday.
Third-generation farmer Amy France and team at NSP are on a mission to improve buyer demand for the crop domestically and abroad.