China to be world’s leading corn importer even with record crop

A favorable growing season and government policies that encourage crop rotations will result in a record corn crop in China, estimated the USDA. China is second to the United States as a corn producer and will be the world's largest corn importer for the second year in a row, according to the monthly World Agricultural Production report.

Lowest grain prices in weeks due to Hurricane Ida

With exports in doubt because of hurricane damage to grain elevators near New Orleans, prices for corn, soybeans and wheat, the most widely planted U.S. crops, fell to their lowest levels in several weeks in futures trading on Tuesday. The fall harvest will begin soon and could glut the U.S. market if foreign sales are disrupted.

RFS must consider impact on biodiversity, court tells EPA

In a victory for environmental groups, a federal appeals court told the EPA to consider the effect of the ethanol mandate on endangered animals and plants. The ruling applied to the 2019 RFS but held implications for the agency's development of the RFS for future years.

Arid weather trims corn and soybean outlook

With drought expanding in the Midwest, the corn and soybean crops are in notably worse condition than a week ago, said the USDA Crop Progress report on Monday. The portion of the corn crop rated as good or excellent tumbled by 14 percentage points in Iowa and good/excellent ratings for soybeans …

Drought in Plains a concern for U.S. corn and soy crops

Drought in the northern Plains, increasingly important in corn and soybean production despite the region’s prominence as a wheat-growing region, may foil expectations of near-record U.S. corn and soybean harvests. North Dakota and South Dakota are parched as the planting season begins, …

Record corn and soybean crops possible as farmers chase high prices

Responding to strong exports and expectations of a U.S. economic recovery, farmers will plant 92 million acres of corn and 90 million acres of soybeans this spring, pointing to a record soybean crop and possibly the largest corn harvest ever, said the USDA on Thursday. Chief economist Seth Meyer also said farm exports would be a record $157 billion this year, including the largest-ever exports to China of $31.5 billion.

Largest corn sale to China since July

Private exporters reported the largest sale of U.S.-grown corn to Chinese buyers in nearly six months, with 1.36 million tonnes for delivery this marketing year, said the USDA on Tuesday. It was only the fifth time since 1994 that corn sales to China exceeded 1 million tonnes in a single day.

Highest corn and soybean prices since commodity boom, says USDA

U.S. farmers, who harvested some of their largest corn and soybean crops ever last fall, will reap the highest season-average prices for the crops since the heady days of the commodity boom that ended in worldwide surpluses seven years ago, said the government on Tuesday. Commodity prices are on the rise due to tightening global supplies and large purchases by China, the first country to rebound economically from the pandemic.

Corn export boom to China likely to soften by fall 2021

China is buying huge amounts of U.S. corn as it rebuilds its hog herd and recovers from the pandemic but its appetite for imports could weaken by next fall, when U.S. farmers are expected to harvest their second-largest crop ever, said University of Illinois economists on Tuesday. Chinese imports of 13 million tonnes this year could taper to a still-large 10.5 million tonnes during the sales year that begins on Sept 1.

U.S. corn and soy crops: Not quite as big now

In the space of two months, the USDA has shaved more than half-a-billion bushels from its estimate of this year’s corn harvest and pared the soybean forecast by a similar 3.5 percent. The crop are still bin-busters but they are more manageable than initially expected and should fetch much …