PRO FARMER
Corn-for-ethanol use totaled 442.6 million bu. during August, according to USDA.
JPMorgan Chase & Co could process another 40 Russian grain export payments, two sources told Reuters.
Inspections of vessels waiting to exit or enter the Ukrainian Black Sea were suspended for a second day in a row. . .
As a result of tighter global exportable supplies and higher industrial consumption, soybean oil as a percentage of global vegetable oil consumption is forecast to fall below 30% in 2022-23.
IMF expects global growth of 2.8% this year and 3% in 2024, slightly below its forecasts published in January.
The credit could provide a major boon to biofuel products made of wastes and oils, but producers are also eyeing a big new market for corn-based ethanol.
“Total gasoline inventories are lower today than they were last year when EPA issued waivers to address the nation’s fuel supply,” the organizations wrote.
As 2022 comes to a close, it’s time to look back on the events, stories and people that were most influential for agriculture over the past year.
Weekly export sales for week ended Dec. 1 reported soybean sales over 1.7 MMT, topping expectations by over 500,000 MT and were up over 1 MMT from the previous week. Corn landed mid-range at 691,600 MT.
Grain and soy futures firmed overnight amid concerns about the deal to restart Ukraine’s grain exports and forecasts calling for a return of heat and dryness after some temporary relief.