2022 US Planted Acres

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…

US Wheat Supply & Demand

AgResource has reduced US all-wheat production in 2021 to just 1,700 million bushels, vs. USDA’s July forecast of 1,743 million. Following two months of HRW/SRW yield hikes, additional boosts to winter production are not anticipated. Accurately accounting for spring wheat abandonment alone reduces the US crop size by 25 million bushels. AgResource also anticipates a…

New Crop Soybean Balance Sheet Estimates

As the 2021/22 growing season passes the halfway point, market focus in recent weeks has primarily been directed towards extended-range weather forecasts. Forecasted rains have topped the market and forecast heat/dryness have offered long-term support. The market has been completely enamored with weather and yield potential. Domestic and export use has gotten little attention, especially…