Ag Economy: Federal Reserve Observations from July Jul 28, 2021

🕔Jul 28, 2021
On Wednesday, the Federal Reserve Board released its July 2021 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining to the […]

Kansas City Fed: Outlook for Ag Economy in 2021 Remains Strong Jul 27, 2021

🕔Jul 27, 2021
In an update late last week from the Federal Reserve Bank of Kansas City (“Interest Rates for Operating Loans Rise Slightly From All-Time Lows“), Nathan Kauffman and Ty Kreitman pointed out that, “Interest rates […]

Biofuels: Expansion of Summertime Ethanol Sales Struck Down in Court Ruling Jul 17, 2021

🕔Jul 17, 2021
Late last week, Wall Street Journal writer Timothy Puko reported that, “A federal appeals court Friday struck down a 2019 rule-change to expand summertime ethanol sales, saying the Trump administration […]

U.S. Ag Exports at Record Level in First 4 Months of 2021 Jul 9, 2021

🕔Jul 9, 2021
Late last week, the USDA’s Foreign Agricultural Service (FAS) released a report titled, “Early Months Suggest a Bright 2021 for United States Agricultural Exports.” The FAS report stated that, “U.S. […]

Farm Lending Remains Strong in 2020 – American Bankers Association Report Jul 2, 2021

🕔Jul 2, 2021
A news release this week from the American Bankers Association (ABA) stated that, “Despite the global economic slowdown in 2020 due to COVID-19, total agricultural lending by U.S. farm banks remained strong at $98.6 billion, […]

Farm Debt Declines, Loan Performance Improves – Kansas City Fed Jul 2, 2021

🕔Jul 2, 2021
Last week, Nathan Kauffman and Ty Kreitman, of the Federal Reserve Bank of Kansas City, penned an update titled, “Farm Debt Declines Further and Credit Stress Eases,” which noted that, “Agricultural debt at commercial […]

Ag Trade: China Makes Large U.S. Soy Purchase, Grants Domestic Subsidies to Grain Farmers Jun 26, 2021

🕔Jun 26, 2021
Late last week, Reuters writer Karl Plume reported that, “Chinese state-owned importers bought at least eight cargo shipments of U.S. soybeans on Friday, or at least 480,000 tonnes, the country’s largest U.S. soybean purchases […]

Iowa Drought Expands, Stressing Crops – as Soybean, Corn Prices Tumble Jun 22, 2021

🕔Jun 22, 2021
Donnelle Eller reported on the front page of Friday’s Des Moines Register that, “Last week, Mark Mueller watched from the porch of his northeast Iowa farm as lightning flashed and a […]

Biofuels: Biden Administration Reportedly Considering RFS Relief for Oil Refiners Jun 18, 2021

🕔Jun 18, 2021
Reuters writers Jarrett Renshaw and Stephanie Kelly reported late last week that, “President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is […]

Ag Trade: Amid China’s Record Grain Buying, Port Delays Arise Jun 14, 2021

🕔Jun 14, 2021
Bloomberg News reported on Friday that, “China’s embarked on a record corn-buying spree this year and some vessels have been delayed for as long as a month outside southern ports because of congestion, incurring hefty demurrage fees. “At […]

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