The August International Trade Report showed a total US June soybean export rate of 37.6 Mil Bu, the slowest June export pace since 2013/14. The tepid US soybean export pace was based on the ongoing large export program from Brazil. Yet, June soybean exports was 6.4 Mil Bu larger than the FGIS monthly inspections with…
The US renewable diesel industry has been slow to expand over the last decade but is set for rapid expansion in the coming years. The attached chart was presented in an article from the EIA last week and highlights expected growth from projects that are either under construction or are planned in the next 3…
NASS is in the process of surveying US farmers to collect the information necessary for compiling the August soybean yield estimate. 2 years ago, NASS dropped the field surveys for the August Report, relying only on the farmer surveys. How the two surveys are used in each Crop Production report has been a closely guarded…
The USDA is expected to raise ethanol’s 20/21 corn demand draw by 20-40 million bushels in its August or September WASDE. Monthly yield continues to improve but USDA’s current forecast is not fully accounting for gasoline use at or very close to pre-Covid levels. Official corn use for ethanol in the month of June totaled…
AgResource has highlighted the historic balance sheet tightness that is ahead for US 2021/22 corn, soybean, wheat, barley, sorghum, and oat markets. Dwindling stocks adds to the battle for 2022 acres, a dynamic not witnessed since 2007-12. The battle starts with winter wheat seeding in September/ October. This is followed by the battle for extra…
