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Brock Online Notes
Cattle On Feed Seen At Four-Year Low
The cattle trade is expecting Friday's USDA monthly Cattle On Feed Report to show the July 1 feedlot inventory at a four-year low due to exceptionally strong June marketing....
Brock Online Notes
USDA Soybean Numbers No Surprise
USDA on Friday raised its estimates of both 2002-2003 and 2003-2004 U.S. soybean ending stocks, but the changes were no surprise to the market and were likely already be factored into futures prices....
Brock Online Notes
EU Passes GMO Labeling Laws
The European Parliament on Wednesday passed laws requiring the labeling of all genetically modified food, a move which could lead the EU to lift an unofficial ban on GM crops but may not be enough to halt a U.S. trade suit, Reuters News Service reported.
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Brock Online Notes
Export Sales Confirm Chinese Soy Buys
The weekly export sales report from USDA confirmed that China has been in the market buying both old- and new-crop U.S. soybeans. USDA also reported better-than-expected corn sales for the week ended June 19....
Brock Online Notes
Richard Brock
China Seen Remaining Big Soy Importer
China is seen remaining a major importer of soybeans and soy products for years to come due to a shortage of arable land, which will limit the expansion of domestic production....
Brock Online Notes
Canada Wants U.S. To End Beef Ban
This week Canada called on the United States to end its ban on Canadian beef and cattle imports, arguing there was no scientific justification for maintaining the three-week-old prohibition after nearly 2,000 tests for mad cow disease turned out negative....
Brock Online Notes
Richard Brock
Senate Signals Fuel Mandate Support
The U.S. Senate signaled its strong support for a bill that would mandate the blending of ethanol into U.S. gasoline nationwide by solidly rejecting two amendments that would have weakened the legislation....
Brock Online Notes
Richard Brock
Taiwan Won't Extend China Corn Imports
U.S. corn exporters got some positive news last week when Taiwan's government said it had rejected an industry request that it allow corn imports from China to continue until the end of March...
Brock Online Notes
Corn, Soybean Ratings Down
Monday afternoon's weekly USDA crop update indicated a moderate decline in U.S. corn and soybean conditions due to the hot, dry weather that blanketed much of the Midwest last week.
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Brock online Notes
Richard Brock
Senate Farm Bill Vote Wednesday.
The U.S. Senate is scheduled to vote on the farm bill Wednesday (5/8) with six hours of debate scheduled to precede that vote. Republicans demanded a lengthy debate of the bill, saying they wanted time to point out its flaws....
