Breaking News; The Biden Administration is considering placing unspecified economic sanctions on China as a deterrent to an invasion of Taiwan. No specific sanction details were released by the administration, other than suggesting that they under consideration. Yesterday, the Biden Administration banned the export of US high tech computer chips to China for a decade.…
The monthly US inflation rate for August, as measured by the Consumer Price Index, was fractionally less than in July, but also slightly above expectations, at 8.3%. Nevertheless, it marked the 2nd consecutive month that the rate of change in prices had slowed. However, Consumer Prices in August were still at an all-time high and…
AgResource Rapid WASDE Overview – September WASDE
Stats Can this morning pegged combined wheat, canola and barley 21/22 ending stocks at 5.1 million tons, vs. USDA’s projected 4.6 million. The modest increase in carryover supplies will, on the margin, increase export potential very slightly if Stats Can and USDA production numbers are proven correct. Final 21/22 wheat stocks totaled 3.7 million tons,…
There has been much talk about the China Yangtze Valley Drought which is one of the worst of years that will impact hydroelectric and livestock production. However, China’s primary corn and soybean areas are further north and in mostly good to excellent condition. Some minor soybean area could be impacted to the south, and the…
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