AgResource Farm Marketing Advice
AgResource Farm Marketing Advice for Friday: 1/ No new advice. The FSA data program participation argues that US corn seeded acres are too low by 500-700,000 acres. Additional months of FSA data are required, but ARC looks for NASS to elevate their corn seeding estimate by at least 500,000 acres in the October report. Abandonment…
AgResource Analysis of August USDA Reports
The NASS US soybean seeding estimate at 86.7 Mil acres appears to be right on and no change is anticipated. However, when reviewing the Prevent Plant acres, it makes one wonder if the US has reached peak plantings. By that we mean that additional acres in the fringe areas of the Plains and Delta must…
AgResource Analysis of August USDA Reports
The NASS August corn data confirmed that the top end of US yield potential has been eliminated via extreme dryness and the lack of subsoil moisture across the N Plains and NW Midwest. Also, NASS implies that record corn/soy yields across the E Midwest will not offset dramatic declines of the west. AgResource maintains that…