The supply side looks a mess as agricultural production outpaces demand. Rabobank even notes the expansion in poultry production by non-traditional suppliers like Australia and New Zealand. Agency Announcements
Ethanol: U.S. EPA incited vitriol from the corn ethanol industry by calling for 14.8 billion gallons of mandatory ethanol blending in 2017 instead of the 15 billion gallons suggested by the statute. The agency continues to see infrastructure constraints (the blend wall) that ethanol producers do not. TPP: The U.S. International Trade Commission (ITC) released its Trans-Pacific Partnership (TPP) analysis, “Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors” late today. As expec...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
