AgResource’s research suggests that Brazil’s corn balance sheet continues to tighten amid better than export sales and the rising concern for first crop yields in southern and central regions. This tightening of old crop supply is placing a heavy burden on safrinha production that will be harvested in July. Less than ideal weather will push…
A0RC’s bullish corn outlook continues to center on rising export potential. Already Chinese demand and sharply lower Black Sea corn production has boosted US corn export commitments as of late November to a record 1,508 Mil Bu. Crop loss in Argentina and far Southern Brazil will be reflected in US export forecasts beginning in late…
After slowing through the summer, US pork exports came back to life in October. Data released today from the USDA’s ERS showed US October pork exports amounted to 589 Mil Lbs on a carcass weight equivalent. This was 108% of the September export rate, 113% of the October 2019 figure, the largest October pork export…
US agricultural exports continue to reflect the surge in interest from China. China’s buying of US ag products extends well beyond soybeans, and includes corn, sorghum and dairy powder. ARC mentions that US dairy product exports to China in October were valued at $56 Mil, the largest total for the month of October since 2013.…
Stats Can’s final 220 Canadian crop production estimates are viewed as; bullish oilseeds, supportive corn and modestly bearish wheat. Final 2020 Canadian wheat production was pegged at 35.2 MMTs, vs. USDA’s current 35 MMTs, and marks a new all-time high. Domestic wheat disappearance in Canada has been flat at 9 MMTs since 2018. The boost…
