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Wednesday, February 10, 2016

Crop Insurance Targeted for $18 Billion in Cuts | Agweb.com

Crop Insurance Targeted for $18 Billion in Cuts | Agweb.com: “The Agricultural Act of 2014 included several reforms to the federal crop insurance program,” noted a USDA factsheet on the president’s budget proposal for the agency. “However, there remain further opportunities for improvements and efficiencies.”

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are mixed in a narrow trading range. Stock indices rebound after early session losses while crude oil is supported by bargain hunters.

USDA grain ending stocks data was a bit larger than trade was expecting. Corn ending stocks for 2015/16 were increased by 35 million bushel due to a drop in exports. They also increased ethanol demand and increased corn imports into the southeast US. USDA raised corn production in Brazil from 81.5 mmt to 84.0 mmt. They raised Argentina corn production from 25.6 mmt to 27.0 mmt.