What You Need to Know Today:
The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Middle East peace/war dynamics and oil influence, but Wall Street is happy.
What You Need to Know About the Week:
Corn, beans, and wheat saw gains, except HRW, which lost some weather premium. It was the first week higher for corn and soybeans after two prior weeks of losses. After three weeks higher, soymeal lost ground this week. After two lower weeks, soyoil squeaked out a small gain. It was a second straight week of gains for SRW and HRS. Basis le...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...
