AgResource LATAM, Apr 28
Thank you for subscribing to AgResource LATAM! Click here to view this week’s report What would you like to see on Latam? Please send suggestions of data sets we could add: tarso@agresource.com
Thank you for subscribing to AgResource LATAM! Click here to view this week’s report What would you like to see on Latam? Please send suggestions of data sets we could add: tarso@agresource.com
AgResource Farm Marketing Advice for Wednesday: 1/ No new producer advice. When you consider rainfall as a percent of normal over the past 60 days your eyes see the limited soil moisture across the Dakotas, E Iowa, and Wisconsin. But a large share of the Central US has adequate to surplus soil moisture for seed…
Models Expand Rainfall into Kansas, Nebraska; Dakotas Stay Arid: The Central US forecast is wetter across the Central Plains into the weekend, with cumulative totals of .50-1.00” to reach into Kansas, Nebraska and portions of Colorado. Radar maps shows decent totals falling across the Plains currently. Additional rain is indicated across Kansas next Monday and…
US Corn Becomes Most Expensive Feed Grain in the World: In just one week, US Gulf corn offers have transitioned from being competitive in the world marketplace to being prohibitively expensive. This indicates to AgResource that old crop futures are overvalued above $7.00 – as it’s new crop where real physical supply shortages develop if…
The table above reflects AgResource’s forecast for global soybean production in the upcoming May WASDE Report. AgResource estimates US production will rebound to 114 MMTs amid expanding acres and a return to trend yields. Brazilian and other S American production is expected to grow modestly following a year of record S American profits and continued…
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