A tropical storm making its way across portions of the U.S. could dampen outlooks for cotton supplies this year. Parts of the southeast are dealing with heavy rains from the remnants of Fred this week.
U.S. Weekly Crop Conditions Take a Hit, Catching Traders by Surprise
The latest Crop Progress report put the corn crop this week at 62% good to excellent, a two-point drop in a week. Soybean conditions dropped 3% across the country, now sitting at 57% rated good to excellent.
The latest is in China’s Ningbo-Zhoushan container port, which is the third-busiest in the world. It has been partially shut down for six days, with no sign of reopening yet.
Solar Could Be 40% of U.S. Power By 2035 - Biden Administration
Solar could supply more than 40% of the nation's electricity by 2035 if Congress adopts policies like tax credits for renewable energy projects and component factories, according to a memo by the Department of Energy.
