The pace of US exports will quicken in the weeks and months ahead as US corn has become the cheapest feedgrain in the world. South American supplies are no longer offered in the world marketplace beyond November. Black Sea feed wheat has soared to $290-295 per ton, vs. US Gulf corn at $262. Ukrainian corn…
NASS has likely in the process of finishing up its survey of US hog producers to obtain data necessary for compiling the end-of-month Hogs and Pigs report. In recent years, the reports have carried minimal weight, as NASS’s figures have aligned with expectations. Last year, it was evident by late October that NASS’s bearish market…
AgResource has lowered 2021 US corn yield and production slightly from August amid further erosion in crop health across the Dakotas, KS and pockets of the C and E Midwest. A national yield of 173 BPA, if realized, will be the fourth highest on record but production of 14,619 million bushels compares to NASS’s forecast…
NASS in the process of tabulating field surveys for the September crop report to be released next week. The table reflects yield and production estimates that NASS is likely to reveal in the September crop report – based on crop ratings as of late August. Crop ratings started the year well above average at 67%…
The September International Trade report showed total US soybean exports in July at 34.8 Mil Bu. The figure was 48 Mil Bu less than a year ago, but 4 Mil Bu more than the monthly FGIS Inspections report. Based on the weekly FGIS Inspections data, AgResource estimates that total August soybean exports are 48 Mil…
