Increasingly, it appears that the USDA’s old crop soybean export forecast could be too high by as much as 25 Mil Bu. The June export rate fell short of what was needed to reach the forecast, and exports in July have not been able to make up the difference. The volume of outstanding new crop…
NASS will begin the process of surveying US farmers to collect the information necessary for compiling their August soybean yield estimate. NASS dropped the field surveys for the August yield estimate in 2019, relying only on farmer surveys. This survey method will continue in future years. The table reflects ARC State by State yield estimates.…
The preceding table shows ARC’s initial US corn production estimate by state. Highlighted blue numbers indicate record yields. The graphic below current crop ratings (GD/EX) compared to the 2010-2019 average. For example, ratings in IA sit at 80% GD/EX. This compares to an average of 68% GD/EX. Notice that crop health across the Western Corn…
Brazilian corn export commitments were off to a slow start, but vessel lineup data suggests exporters are becoming more active. The coming end of the soybean export campaign in Brazil will free up elevation space for corn. ARC Research notes that Brazil’s safrinha crop has avoided major yield loss amid improved conditions – and better…
The 2020/21 Northern hemisphere soybean crop has almost reached the halfway point of the growing season, while the start of the Southern Hemisphere planting season is 60-90 days out. The Northern Hemisphere acreage and yield figures are largely known with US acreage rebounding from 2019/20. The critical reproductive period for the US crop is ahead,…
