Tuesday USDA Reports Fire Up Corn, Soybean Rallies
The grain stocks and annual crop production data released by USDA Tuesday showed tightening supplies and lower 2020 crop output and sparked limit-up price action in both corn and soybean markets.
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Market Expects Bullish USDA Reports Today
Final 2020 crop output numbers and grain stocks estimates are just a couple of the reports being released Tuesday by USDA, and ones the marketplace will be watching closely.
More EPA RFS Waivers Coming Soon
After industry groups filed a lawsuit against recently against the Environmental Protection Agency (EPA) for allowing Renewable Fuels Standard (RFS) waivers that keep them from integrating ethanol and biodiesel into their fuel output, more waivers are now expected to come as early as this week.
The 2021 Crop Year is Underway
Though fieldwork is limited to things like planting cover crops and installing tile drainage in the Midwest right now, farmers in the Deep South are kicking tires and getting ready to begin planting row crops, small grains and cotton fairly soon.
Soybeans Start Week Higher; Investors Grow Net-long Positions for Corn, Wheat
There were a few rain showers around Argentina over the weekend, but it's still been largely dry in the soybean-rich parts of that country, and that's got CME Group soybean prices trending higher heading into this week's trade.
RFS Waiver Case Heading to Supreme Court
Late last week, U.S. Supreme Court justices, without comment, agreed to take up an appeal in the case of the Environmental Protection Agency's granting of Renewable Fuels Standard (RFS) waivers to small oil refineries in the name of the enhanced risk they face because of the biofuels mandates.
Farmer, Investor Interest Buoys Farmland Prices
Farmland sales are netting prices on average about four to eight percent higher than a year ago as farmers and investors alike seek the security and stability of the land market compared to other investment opportunities as grain prices continue to move higher.
Farmer Sentiment Improves Slightly on Grain Market Rally, Strong Financials
In the November report of the Purdue University/CME Group Ag Economy Barometer, farmers expressed angst about future regulatory constraints on their farms, but saw reason for optimism in potentially higher grain prices.
Dairy Feed Price Outlook: Surging Grains & Stable Forage
When the grain markets began to climb higher in late 2020, it was lauded as a much-needed price relief for corn and soybean producers.