The Excel file has four worksheets for comparing the WASDE figures for: US 2021/22 corn, soybean, and cotton crop production; US 2021/22 crop ending stocks (and “implied” stocks/use);Global 2021/22 corn, soybean, cotton, and wheat crop production; Global 2021/22 crop ending stocks; 2021/22 Argentina and Brazil corn and soybean crops; Comparison of analysts’ estimates as compiled…
AgResource Farm Marketing Advice for Monday: 1/ No new advice. Estimated ethanol margins continue to firm across the Midwest as ethanol prices follow other energy markets higher. Midwest ethanol plants this week are seeing estimated profits of $.35-.50/gallon. Average cash corn prices at ethanol markets range from $5-5.35 across the Midwest. Historically, corn prices over…
Tuesday’s October report will largely define US corn/soybean yields. NASS should have cut enough acres to arrive a yield that will be only modified slightly during November. The graphics reflect the 2021 growing season – being the warmest on record for the Plains and W Midwest, while the E Midwest faired far better with near…
Soaring fertilizer and chemical costs are sapping profitability of 2022 crop production – even when the grain price rests at an 8 year high – such as wheat. The chart relfect that only a modest expansion of acres will occur for 2022 US winter wheat based on negative margins. ARC estimates 2022 US all wheat…
NASS is again in the process of compiling the results of the farmer and field surveys for the October Crop Report that will be released next Thursday. The table above reflects AgResource’s best guess for the current crop’s yield potential. Changes in crop condition ratings in September were minimal and we see no reason to…
