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0:00 China Stimulus and Soybean Rally
2:38 "Farmer First" Biofuel Bill
5:49 Canada Port Strike
6:41 US Longshoremen Strike
7:51 Corteva Profits

China’s New Stimulus Package-
China just revealed its largest stimulus package since the pandemic in a bid to boost its economy. Here’s what’s included:
Lower interest rates and increased funding to fuel economic growth.
Reduced home mortgage repayment burdens to ease pressure on homeowners.
But, some analysts are skeptical:
They argue that the stimulus might not be enough to revive the economy due to weak credit demand from consumers and businesses.
Soybean futures rallied on the announcement, with hopes that the stimulus could lead to larger Chinese imports of US soybeans.

45Z Tax Credit Legislation Proposed: Farmer First Fuel Incentives Act
New legislation could mean big changes for farmers! 
The bill would restrict eligibility for the 45Z tax credit to renewable fuels produced only from domestically sourced feedstocks.
It would also extend the credit to a full 10-year term, giving the ethanol industry time to grow and farmers new markets to explore.
If passed, this bill would:
Prevent foreign-sourced feedstocks, like Chinese cooking oil, from benefiting.
Open up new opportunities for US-produced soy and corn oil to power renewable diesel, reducing reliance on foreign fuel.

Canada’s Grain Workers Strike
Canada’s largest port, Vancouver, is grinding to a halt. 
The strike impacts six major grain terminals, which process about 52% of Canada’s grain production.
This could prevent 100,000mt of grain from reaching the port’s terminals each day.
With potential daily losses of $26 million, this strike could seriously disrupt grain exports if it drags on.

East & Gulf Coast Port Strike Looming
A massive port strike could be on the horizon in the US. 🛳️ About 45,000 dockworkers from the East and Gulf Coast ports are poised to strike on October 1 when their contract expires:
The strike would close 36 ports, which handle over half of the nation’s containerized goods.

Corteva’s Profit Decline Expected Amid South American Drought
Crop concerns in South America are weighing on Corteva’s profit outlook:
Dry conditions are delaying corn planting in Argentina, with more dryness expected due to La Niña.
Brazil’s drought is also hindering soybean planting, raising concerns that second corn crop planting could be delayed.

#ChinaStimulus #45ZTaxCredit #PortStrike #CortevaOutlook #SoybeanRally