ABARES in Australia overnight released its updated 2020/21 major crop production numbers. Updates were generally published within prior expectations, but ABARES’ Sept report validates the fact that a major boost in grain and canola surpluses is ahead. 2020 Aussie wheat production was pegged at 28.9 MMTs, vs. USDA’s 26 and vs. 15.2 MMTs last year.…
The September Crop Report has become the most anticipated report on the year. In 2019, NASS dropped the objective field survey’s opting to rely on the farmer surveys, crop condition ratings, satellite imagery, and other technical data sources. While NASS has never publicly revealed how all the data is used, it has created a level…
NASS is in the process of conducting farmer and field surveys for the September crop report to be released next week. The table above reflects ARC Research yield and production estimates. The US soybean crop started the year with one of the top crop condition scores and remained historically high into early August. However, August…
The Australian forecast has turned a bit drier in late August, but ARC still views the USDA’s Aussie wheat production estimate as 2-3 MMTs too low following heavy & widespread rainfall in early August and favorable climate forecasts. The attached graphic shows August rainfall as a % of normal in the three largest producing states.…
Stats Canada released its first 2020/21 crop production estimates on Monday. The numbers were mildly bearish as the production of principal crops was slightly above both pre-report expectations and USDA August estimates. In wheat, Stats Canada estimated production at 35.7 MMTs, a 10% increase over a year ago, and the 2nd largest Canadian wheat crop…
