Markets - General
Despite slowdowns in the export sales picture, actual exports are still running 26% ahead of the same time period last year, and with higher commodity prices, bulk export values are up 60%. USDA says that’s led by corn.
Ahead of USDA’s October reports next week, debate continued on just how big of a U.S. corn crop is being harvested right now. University of Illinois economists weighed in during the U.S. Farm Report College Roadshow.
On Tuesday, Oct. 12, USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimates. Gulke Group’s Jamie Wasemiller will be watching several factors in that round of report.
The questions of if fundamentals really matter anymore have surfaced recently. A look at price discovery for HRSW gives some insight.
Growth in renewable diesel could revolutionize the U.S. soybean industry.
U.S. soybean futures hit their lowest since December on Monday, with concerns over exports in focus after U.S. Trade Representative Katherine Tai pledged to press Beijing over its failure to keep trade promises.
Greater transportation efficiencies will only make U.S. exporters more competitive, will support basis and put more revenue in producers’ pockets.
While the supply shocks came to the 2020 final production numbers from USDA this week, Dan Basse, AgResource Company, thinks the national corn yield still has room to change for the 2021 production year.
Growing conditions during the summer showed the Eastern Corn Belt had better crop production potential compared to the West. Naomi Blohm and Bob Utterback talk harvest yield reports and the potential market impact.
China’s wheat imports hit the highest level in two decades, currently accounting for 19% of global consumption. The U.S. supplied 3 million metric tons of wheat imports during the last marketing year, or a 28% share.
Make basis analysis the foundation of pricing decisions.
With lawmakers focused on environmental social governance and carbon-neutral fuels, odds are the momentum to replace petroleum-based diesel with renewable diesel will not be exhausted soon.
The South American country is poised for a top spot on the crop leaderboard.
More than a month after ASF was detected in the Western Hemisphere, pork producers are still on edge about the possibility it will enter the U.S., as economists say it would shutter exports almost overnight.
While the USDA crop report was not bullish is apparently was not bearish enough for the trade versus their anticipation reflected by the price collapses recently into the report.
After the NASS acreage notice posted last week, it’s not just acreage adjustments that could be on deck in USDA’s September reports this week. USDA will also release results from its first field surveys.
The full impact from Hurricane Ida is still unknown. The uncertainty was partially to blame for a major market sell-off Monday with September soybeans closing 54 cents lower and September corn down nearly 18 cents.
Hurricane Ida packed a punch of 150 mph winds this weekend, crippling grain shipping facilities in a key export area along the lower Mississippi River. Now it’s a question of how long export activity could be shuttered.
The carbon market is poised for growth but farmers are still looking for reliable information, return on investment and assurances that they won’t be unfairly penalized or lose control over their operations.
Dryness over the next six months in Argentina is expected to reduce the size of the country’s two main cash crops, corn and soy, while complicating navigation of grain cargo ships on the Parana River, analysts said.
A day after USDA showed declining crop conditions for the U.S. soybean crop, September soybean future skyrocketed, closing 43 cents higher on the day. Demand also played a factor in the markets Tuesday.
Pro Farmer Crop Tour: Is the U.S Going to Produce Enough Corn and Soybeans to Keep Pace with Demand?
As Pro Farmer Crop Tour wrapped up this week, scouts saw inconsistency in the West and consistency in the East. With Pro Farmer’s projected crop size, Brian Grete and Chip Flory discuss the demand piece of the puzzle.
USDA’s August crop production report cut the national corn yield and sent corn futures up more than 20¢. Now, Pro Farmer Crop Tour is gearing up for the first boots on the ground look at crop production this season.
USDA’s August reports came with surprises. From a cut to the corn yield, to the revisions in export demand, the changes fueled prices both Thursday and Friday. So, where does the market go from here? Analysts weigh in.
In an effort to head-off some of the questions about Crop Tour sampling, here’s our answers to a few “Crop Tour FAQs!”
Ahead of USDA’s August supply and demand reports, analysts expect little change to yield, but what about demand? Jarod Creed and Mike North provide their expectations leading into Thursday’s reports.
China’s buying spree continued Wednesday with USDA confirming a a sale of 132,000 metric tons for delivery to China during the 2021/2022 marketing year. The five-day buying spree supported soybean prices.
USDA is preparing to release its next Crop Production and WASDE reports on Thursday, August 12. Ahead of the release, debate is heating up on whether the U.S. can achieve a trendline yield in corn this year.
During August, markets watchers will debate the possibilities of national yields. USDA’s gauge of crop conditions are posted every week, Pro Farmer says the condition ratings aren’t the best indication of yield.
The 2020 Pro Farmer Crop Tour showed the potential of record crops