U.S. Department of Agriculture
Slight improvement noted in the South.
But more drought relief coming to the eastern Corn Belt.
Highlights of USDA’s Weekly Export Sales Report.
Report gets a slightly positive read by the market.
Some improvement to the lower Midwest.
Above-normal temps expected across the bulk of the country on average the remainder of the year.
Petition asks EPA for one-year waiver of ethanol production mandate.
Expectations for Friday’s Cattle on Feed Report.
To conduct a tour of BPI on Thursday.
Expects beef exports to increase in 2012, although at a slower rate than production.
Producers will have the opportunity to enroll 1 million acres.
Says growth in imports will largely be determined by weather in Australia.
Soybean export sales disappointed, wheat sales were within expectations.
Report to be released on Friday, Jan. 27, at 2:00 p.m. CT.
Report shows producers out of the Southern Plains have begun rebuilding herds.
Soyoil and soymeal export sales were also above expectations.
Report to show On Feed above year-ago, but Marketings below year-ago.
China buys corn; wheat sales below expectations.
Soybean exports top 1 million metric tons.
30-day outlook calls for below-normal precip and above-normal temps across Central & Southern Plains.