Denmark will be the first country to introduce a CO2 tax on livestock emissions from 2030. Denmark hope they will lead the world in taxing agriculture into oblivion, thus saving the world one cow fart at a time……… by taxing it. It is yet to be identified if the cows can naturally reduce their emissions by being taxed and knowing the burden they are placing on the world.
In the meantime the EU continues to put pressure on Mother Nature, threatening to tax her use of volcanoes and bush fires if she continues to be involved with this kind of intolerable behavior. I should stop now or risk sounding as stupid as some of these policies.

US weather seems to have put a hold on the recent sharp decline in US wheat futures. Maybe the funds do have windows in those offices. There are a couple of reports out late this week that may have an impact on prices. Although data from these reports is unlikely to be reflecting the current mess in the US corn belt and southern spring wheat region, it may give some insight to the market on both US and Canadian spring wheat area prior to the storms and floods.
Weather is playing a major role both in the US and again in the EU. There are now serious quality concerns for wheat fields across western EU countries. A quick look at WorldAgWeather shows that parts of central France have seen 200% to 400% of normal rainfall over the last 14 days. 7 day totals exceeding 60mm to 80mm, not ideal in the lead up to winter wheat harvest. Pics attached.

Conditions in Argentina are worth watching too. The major wheat production regions of eastern Cordoba and southern / central Santa Fe are both dry. Recent heavy rain missed much of the wheat belt. The Pampas saw some good falls, but even there the heaviest falls were to the west of the major wheat region. Rain continues in SE Brazil too, this must be having a huge impact on Brazilian wheat production potential now, greatly delaying sowing there.