Ag Lender Survey: Liquidity, Income, Leverage Are Top Concerns Nov 20, 2020

🕔Nov 20, 2020
A news release this week from the American Bankers Association (ABA) stated that, “As the farm economy continues to work through a prolonged downturn in the midst of an unparalleled, global economic dislocation, ag lenders […]

China’s Grain Buying Is “Rocking the Global Market” Nov 16, 2020

🕔Nov 16, 2020
Late last week, Reuters writers Hallie Gu, Maximilian Heath, and Naveen Thukral reported that, “Chinese feed producers, pig farmers and traders are reshaping the global grain market as they scour the world for supplies amid a domestic shortfall that sent […]

Brazil: Record 2020/2021 Grain Crop Expected Nov 11, 2020

🕔Nov 11, 2020
Brazil is expected to produce a record grain crop in 2020/2021, despite the drought that affected planting in some regions. On Tuesday, the National Supply Company (Conab) projected 268.9 million tons of […]

Soybeans: USDA Projections Show Increased Acres in 2021 Nov 9, 2020

🕔Nov 9, 2020
On Friday, the USDA’s Office of the Chief Economist (OCE) released selected tables prepared for the Department’s upcoming Agricultural Baseline Projections report. The Department pointed out that, “The projections use as a starting point the short-term forecasts […]

Corn, Soybeans: Importer Needs Rising, Little Competition with U.S. for Export Demand Nov 6, 2020

🕔Nov 6, 2020
Bloomberg News reported last week that, “China’s corn imports could more than double to 17 million tons in 2020-2021 from a year earlier on prospects for a smaller domestic harvest and a recovery in demand for hog feed, […]

Kansas City Fed: Farm Lending Remained Muted in 3rd Quarter Oct 30, 2020

🕔Oct 30, 2020
In an update last week from the Federal Reserve Bank of Kansas City (“Ag Lending Update: Fewer Loans Issued to Farmers Limit Lending Activity“), Cortney Cowley and Ty Kreitman stated that, “Farm lending remained […]

Ag Trade: La Niña in Brazil Could Impact Chinese Demand for U.S. Soybeans Oct 30, 2020

🕔Oct 30, 2020
Soybean prices rose recently on the Chicago Mercantile Exchange, driven by the delay in planting the Brazilian crop, among other factors.  This situation should prolong Chinese demand for U.S. production […]

Ag Trade: China Purchased 71% of Phase One Target, Could Issue More Corn Import Permits Oct 27, 2020

🕔Oct 27, 2020
A news release from USDA on Friday stated that, “The Office of the U.S. Trade Representative (USTR) and [USDA] today issued a report highlighting the progress made to date in implementing the agricultural provisions in the U.S.-China […]

Ag Economy: Federal Reserve Observations from Oct. – Beige Book Oct 22, 2020

🕔Oct 22, 2020
On Wednesday, the Federal Reserve Board released its October 2020 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining to the […]

Biofuels: Corn Ethanol Production Booms in Brazil Oct 20, 2020

🕔Oct 20, 2020
A report earlier this month from USDA’s Foreign Agricultural Service (FAS), Corn Ethanol Production Booms in Brazil, stated that, “Plentiful, and generally cheap, corn supplies in Brazil’s Center-West region have enticed investment in […]

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