Farmers are expected to plant more corn, soybeans, and wheat acres than last year, but official estimates from a USDA report released Wednesday came in below trade expectations, which sent futures prices soaring.
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.
Senate Agriculture Chairwoman Debbie Stabenow is expressing optimism that the Senate will pass the Growing Climate Solutions Act today. But the Senate will first debate an amendment by Utah GOP Sen. Mike Lee that would weaken a critical provision of the legislation, which is intended to speed development of ag carbon markets.
Airlines that are scrambling to lower their greenhouse gas emissions are lobbying Congress to enact new incentives for renewable jet fuel, even as competition for biofuel feedstocks already is heating up.
U.S. Trade Representative Katherine Tai spoke with China’s top trade official Wednesday night in an “introductory virtual meeting” as the Chinese continue to make big purchases of U.S. agricultural commodities and the U.S. farm sector counts on strong trade to continue.
More than a thousand barges – many of them likely carrying corn or soybeans – can now resume their trip along the Mississippi River after traffic was stopped due to a cracked bridge near Memphis, Tenn., according to a statement released by the U.S. Coast Guard.