BRL Real – Spot 1 USD = R$ 4,79 ARG Peso – Spot 1 USD = $ 249,31 Profit and Loss (P&L) Analysis of Corn in Mato Grosso Brazil Last week’s report focused on the analysis of the profit and loss (P&L) of soybeans in Brazil. This week, our attention turns to corn. Despite recent…
AgResource Farm Marketing Advice for Friday: 1/ No new advice The weekly Drought Monitor, not surprisingly, showed another week of expanding drought across the Midwest. 64% of the US corn crop and 57% of the soybean crop were in drought. That compares to 37% of corn and 43% of the soybean crop in 2012. 82%…
Drought Expansion; Rain Possible in Iowa Next Week; E Midwest/Great Lakes Stay Arid: Abnormal dryness or drought now covers 64% of US corn production, 57% of soy and 55% of sorghum, with weekly expansion recorded in SD, ND, and MN. Such numbers are the highest in decades and it remains that soil moisture deficits will…
NOAA’s projected soil moisture anomalies on July 6th are displayed in the attached graphic. There will be ongoing debate as to whether improved rain chances are allowed to flow into the E Plains and Central Midwest beyond July 1-2, but the soaking rain event needed (2-3”) is not indicated outside of the Dakotas and far…
US ethanol production has improved along with production margins and solid gasoline consumption. ARC notes that no longer does the RFS hold much sway over annual ethanol production or consumption given the lack of tax incentives, and rather ethanol’s corn demand draw is centered on miles driven in the US. Importantly, gasoline disappearance has been…
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