Crops
Planting intentions are near “perfectly opposite” to pre-report trade expectations.
Read the latest news and listen to analysis of the upcoming March 30 Grain Stocks and Prospective Plantings reports.
Corn acreage may climb to 95 million acres this spring. Then again, maybe not.
Says it will take two or three years before Mexico recovers from drought.
Says Brazilian bean crop will be a big disappointment.
Corn sales were within expectations while wheat sales disappointed.
Meteorologist Gail Martell provides her weather insight.
Says world food prices increased in February.
S&D tables released at 2012 Ag Outlook Forum.
Weekly highlights also note drought easing in Upper Midwest.
Leaves South American corn and soybean crop estimates unchanged.
A poor South American crop may push U.S. corn and soybean exports higher.
Corn demand from ethanol is expected to drop by 75 million bushels over the next two years.
The next 30 days should hold excellent opportunity to sweep out some old crop inventory and advance sales for this summer’s crop.
While crude oil prices have fluctuated in a narrow range this winter, natural gas prices have plummeted.
The projected range for the season-average farm corn price is narrowed 10 cents on both ends of the range to $5.80 to $6.60 per bushel.
Southern crop losses will be partially offset by above-average yields elsewhere.
See all of the report data, coverage and analysis of today’s World Agricultural Supply and Demand Estimates.
Volatile weather patterns are likely to persist in 2012.
Remains concerned about Argentine corn that is currently being planted.
Says downside risk remains to crop estimates.
Also increased Mexico’s corn import forecast.
Lowers Argentine corn estimate another 2 million metric tons.
This week’s reports removed the focus on tight supplies and sent prices lower. Weather trouble here or abroad could still move prices back up.
See the data, read the biggest news and listen to analysis of today’s Crop Production and WASDE reports.
It is not clear why, on average, analysts expected a 30-million-bushel reduction in the estimated size of the crop.
In some instances values are higher than in the Midwest.