Completed “Crib Sheet” for todays USDA August WASDE & Crop Report.
Click here to view the data There’s a LOT of numbers in these tables. If you see any errors, please let me know.
Completed “Crib Sheet” for todays USDA August WASDE & Crop Report.
Click here to view the data There’s a LOT of numbers in these tables. If you see any errors, please let me know.
AgResource Rapid WASDE Overview
August WASDE data is bullish. The report made important cuts to Brazilian corn production and massive cuts to exporter wheat production. US corn, soy and wheat yields were lowered. Let’s talk about the important changes: * US corn yield below expectations * Corn stocks lower on diminished crop * Brazilian winter crop reduced 6mmt and…
USDA Surprisingly Bullish on US Corn/Soy Yield Adjustements; East Did not make up the Difference for West Losses; Seasonal Lows set in July
The USDA August Crop Report was bullish with US corn/soy yields falling below trade expectations. NASS pegged the US corn yield at 174.6 BPA, a decline of 4.9 BPA from trend with soybeans at 50.0 BPA, a drop of .8 BPA from trend. The smaller yield produced an immediate rally in CBT futures with December…
U.S. Medium-range Forecast: Focus is Northeast warmth and wetter Central.
Chart of the day: Negative West Pacific oscillation. Discussion: As the second half of August is upon us and the tropics are becoming active, seasonality kicks in and can cause a pattern change. Potentially, a sign of that change is ahead as indicated by an evolving negative phase of the West Pacific Oscillation (-WPO). The…
