2021 Fall Farm

2021 Logan County Fall Farm Outlook Lincoln Daily News Oct. - Nov. 2021 Page 19 Grain export status: Is China buying? on the U.S. Gulf Coast reported more damage from Hurricane Ida (landed LA. Sunday, Sept. 29,2021) to their terminals on Wednesday as Cargill Inc confirmed damage to a second facility, while power outages across southern Louisiana kept all others shuttered…Global grains trader Cargill Inc said its Westwego, Louisiana, terminal was damaged by Ida, days after confirming more extensive damage at its only other Louisiana grain export facility, located in Reserve.” In a report from the University of Illinois, Keith Good suggests that Ida’s disruption of grain and soybean shipments from the Gulf Coast of the U.S. accounts for about 60% ow much grain is China buying from the U.S. this year? The reality is that even at this point in the year, experts are torn, and there are a few reasons why. According to some reports, including one by Michael Hogan for Reuters, late September brought a dip in the grain market - specifically corn, and it’s likely due to the pace of harvests. Hogan cited Matt Ammermann, StoneX commodity risk manager; “Corn is being weakened today by expectations of good progress in the U.S. corn harvest.” “The extended forecasts for U.S. corn belts are for warm and generally dry weather and we should see a faster harvest this year.” By late September, soybeans were being pulled between expectations of more U.S. sales to China, but there were also concerns surrounding China’s ability to process grain imports. Nearly two dozen Chinese soybean crushing plants were forced to shut down in order to comply with curbs on industrial power consumption. Other reporters suggest that climate problems have also impacted China’s ability to import U.S. grain. Karl Plume and PJ Huffstutter reported in late September that “Grain shippers Continue 4 H BY DEREK HURLEY