Events: Page 233

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Brazil and China Start Trade Talks

Expected to hold their first high-level political and economic talks since 2015

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China's COFCO Purchases Millions of Metric Tons of Soybeans

Part of the company’s efforts to implement a “consensus” on trade agreed

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Corn for Ethanol is Down

Decline in ethanol production has been felt by many as corn basis has softened in many areas

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Soy Harvest Heating up in Brazil

Weather issues in Brazil are not widespread nor significant enough to put a major dent in production

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EIA Ethanol Data Shows Further Output Throttling

Sector logged its third consecutive week of production declines

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Argentina Crop Expected to Recover

Forecasters predict country will produce 53 MMT of soybeans as excess water in planting regions improve

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Russia Not Planning Any Wheat Export Bans

Country estimates wheat exports would be 37 MMT compared to 41.4 MMT during 17/18

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The Truth About Farm Bankruptcies

In 2018, there were 498 farm bankruptcy filings, down from 2017

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EPA Committed to E15 for Summer Driving Season

Move could help support local corn basis in selected areas

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China Hog Diet Moving Away from Soybean Meal

News is bearish to soybeans but it could be supportive of the corn complex

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China Cancels Soybean Purchases

Cancellations were thought to be to private groups not government purchases

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World Corn FOB Values Plummeting

World corn values were hit hard last week as Ukraine and South American markets turned sharply lower

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