Tidbits, Basis Marketing, S&D Estimates, SDRP, Crop Progress, ENSO, Export Inspections 8/11/26
- Wright team
- 3 days ago
- 4 min read
Tidbits
Crude oil prices jumped 5% yesterday as hopes of a U.S.-Iran peace deal and reopening of the Strait of Hormuz faded.
Flash Sales: Yesterday, the USDA announced the sale of 105,000 mts of old crop corn to unknown. Yes, the 2025 crop, with just 3 weeks left to export it!
The USDA is extending the deadline for farmers to apply for Stages 1 and 2 of the Supplemental Disaster Relief Program (SDRP) to 30 September 2026. Additionally, USDA’s Farm Service Agency (FSA) is providing greater flexibility for farmers who experienced quality losses on eligible crops.
Farmers who experienced quality-related discounts can use verifiable and reliable documentation to show quality losses due to natural disasters occurring 2023 and 2024. Farmers also have the flexibility to use a quality loss percentage for crops having a final use that is different from their intended use. For more information on SDRP, go to: www.fsa.usda.gov/sdrp
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