Karen Braun@kannbwx

#China last week made it's largest purchase of U.S. #corn since May, though that volume was comparably small vs the buying seen in the last 2-3 years. China has often bought U.S. corn in chunks, i.e. in consecutive or nearby weeks, so stay on the lookout for more possible sales.

Karen Braun@kannbwx

Barley, oats, millet, rye - #Russia's four major crops that have lost area in the last two decades, making way for the increase in crops like oilseeds, corn & wheat, though wheat has made by far the smallest gains by %.

Karen Braun@kannbwx

 Here's where #sunflower seed is grown in both #Ukraine & #Russia. USDA crop estimates consider the traditional borders, so Russia's crop increase (per USDA) probably wouldn't include occupied Ukrainian land. Fighting has occurred in some key Ukrainian sunseed oblasts.

@kannbwx

#Brazil has ended a tax exemption on #ethanol imports, negative for U.S. exporters. The now 16% tax rises to 18% in 2024. Brazil's imports of U.S. ethanol have fallen significantly in last 2-3 years. Brazil was #5 destination for U.S. ethanol in 2021.

yahoo.comUPDATE 1-Brazil ends ethanol import tax exemption, U.S. disappointedThe Brazilian government has ended a tax exemption on imports of fuel ethanol, with immediate effect, according to the country's agriculture ministry, a move that would mostly hurt the United States...6:00 PM · Feb 2, 2023·5,026 Views

Karen Braun@kannbwx

Feb 1

#Ukraine says its 2023 grain harvest may total 49.5 million tonnes, down from 51 mmt in 2022 and a record 86 mmt in 2021. Some Ukrainian-based analysts believe it could fall below 40 mmt.

Karen Braun@kannbwx

High #beef prices may be sticking around for U.S. consumers as the country's beef cow herd has hit a 61-year low. Last year's drought reduced available grazing pasture and raised feed costs, and the shortage could take at least a couple years to correct.

Karen Braun@kannbwx

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Jan 31

CBOT January 2023 Summary #Corn, #soybeans & #soymeal finished January higher than a month ago and higher than a year ago, meal the most aggressively. #Wheat ended the month lower but identical with year-ago, and #soyoil is lower on both accounts.