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Balanced Reporting. Trusted Insights.
Friday, January 21, 2022
It's dry in Argentina, Paraguay and the southern states of Brazil, and market watchers are going to be paying close attention in the weeks and months to come as the South American soybean crops are harvested.
Brazil has given the green light for imports of flour made from genetically modified wheat that’s being grown and harvested in Argentina, creating a pathway for potential acceptance around the globe.
The House is close to finishing work on a seven-bill package of fiscal 2022 spending measures needed to fund USDA, EPA and other departments and agencies important to agriculture.
USDA will be taking some action to curb the market power of equipment manufacturers and other agribusiness giants. But it’s not clear yet what kind of teeth there will be in what USDA does.
The Agriculture Department says it plans to conduct preparatory work on the debt relief program for socially disadvantaged farmers, following an order from a federal judge in Texas stopping USDA from providing payments.
There are still a lot of Brazilian soybeans filling up China's port stocks, and that’s expected to continue for at least another month. But the Chinese are not waiting to commit to buying up U.S. soybeans for delivery in the 2021-22 marketing year, according to analysts and USDA data.
China has purchased another 1.36 million metric tons of U.S. corn for delivery in the 2021-22 marketing year, putting new strain on the next U.S. harvest as domestic and international demand continues to ratchet up.
Jewel Bronaugh’s nomination is headed to the Senate floor. The Senate Ag Committee used a voice vote Monday evening to send her nomination to be USDA’s next deputy secretary to the Senate floor after Bronaugh, currently the Virginia ag commissioner, took part in an April hearing.
