Summary: Today, the USDA released its Prospective Plantings and March Grain Stocks Reports. The biggest surprise was that corn stocks were about 270 Mil Bu above the average of trade expectations. In absolute terms, this was the third largest positive discrepancy between the corn stocks figure and trade expectations in 36 years. On a percentage basis,…
** AgResource Analysis of the NASS 29TH Report ** March 1st Stocks Average Analyst Est 2018 Stocks ——————– Mils of Bus —————————– Corn 8,604 8,336 8,892 Soybeans 2,715 2,719 2,109 Wheat 1,591 1,543 1,495 March 1st Seedings Average Analyst Est 2018 Seeding ———————- Mils of Acres ————————-…
A look at weather highlights for crop areas the next 2 weeks.
Summary: Next week ’s soybean export inspections are expected to be 825,000 MT (30.3 Mil Bu). If this is correct, that would be down 4% from the previous week. This week’s ship lineup is 826,000 MT. That is down 27% from last week, but it is 270% larger than a year ago. There were 21 vessels to-be-nominated (TBN). That is down from last week and less than…
A review of where we stand now and where we’re heading regarding global drought risk in 2019.
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