The release of NASS crop progress reports has ended, with monthly wheat ratings to be published monthly in select states during winter and with RMA wheat insurance data not relevant to 2024 wheat acreage estimates until late December or early January. The US winter wheat crop, overall, is in much better shape than last year…
The Economic Research Division of the USDA released their estimates for national average crop production costs for the upcoming 2023/24 crop at the middle of the month. As expected, total cost projections were lower for both crops, with corn costs marking the largest decline. For corn producers, energy costs are expected to see the largest…
Crop conditions across key soybean production regions in Brazil remain troublesome for Brazilian farmers. Too much rain in parts of the central and southern growing regions continues to delay planting and has caused irreversible crop damage, while planting delays in the north due to drought continue, and record temperatures have stressed crops in all regions.…
Argentina’s election of non-Peronist Javier Milei – and the coming economic experiment that lies ahead – provides many, many more questions than answers. Just how much legislation can be passed without congressional support along the value of the peso is critical in the coming months. A possible cut or elimination of ag export tariffs is…
December rainfall is critical to the global supply of corn and soybeans following historical and unusual drought across the Amazon. ARC doubts soy yield potential in Mato Grosso, Mato Grosso do Sul and Bahia can be fully salvaged following 40-60 days of record heat/dryness. Regular and frequent rain must fall through late January to salvage…
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