Canadian March wheat and canola stocks fell slightly below market expectations. and validates the need for enlarged production in 2021 if balance sheets are to loosen. Concern over drought across the Canadian Prairies remains elevated as extended range forecasts have trended drier. Additionally, Stats Can data also reiterate that the old crop grain and oilseed…
The latest estimate for hog feeding margins from IA State University showed wean-to-finish producers marked the 7th consecutive month of profitability in March. The estimated return of $23 was the most profitable month since September 2014. Despite feed costs that were $21/head higher than in 2020, producers were able to realize strong margins on lower…
US pork exports soared to an all-time high in March, reaching 729 million pounds, or 104% of last year. The March figure put quarterly pork exports at 1.9 billion pounds or 5% under last year. Notable in both the monthly and quarterly data has been the decline in exports to China. China has still been…
The May Census Trade report showed that US exporters shipped 84 Mil bushels of soybeans during March. This was the lowest March export rate in 8 years, but the figure was still 4 million bushels over the FGIS inspections figure. Based on April inspections, AgResource estimates total exports at 43 million bushels. This puts cumulative…
Central Brazilian weather stays arid! April precip across all but Northern Mato Grosso and pockets of Goias was recorded in a range of 0-40% of normal. Large swaths of Parana, Mato Grosso do Sul and Sao Paulo received zero rainfall during April. And the two-week forecast includes near complete dryness across Central Brazil into May…
