US FSA Crop Acreage Discussion

The release of FSA-certified acres on Wednesday afternoon has elevated the market’s uncertainty over US corn and soybean production. FSA acres tend to be confusing to the marketplace, particularly in August. AgResource’s advice to FSA is that they should release farm program participation data when its nearly complete – either in September or October. This…

AgResource Analysis of the August CONAB Report

CONAB’s August crop report featured a modest upward revision to Brazilian soy/corn production to new records. CONAB estimates Brazilian corn production at 102 MMTs vs. 101 in July (vs. USDA’s 101 MMTs). Safrinha corn area and yield were both raised slightly. Another upward revision of 0.5-2.0 MMTs is probable in CONAB’s September report – which…