Abnormal warmth is pushing the US corn crop to maturity. The recent pattern change is welcome following an unusually cool August and sizable delays in planting and crop development through late summer. GDD accumulation so far in September ranges from 105-120% of normal across the principle Corn Belt. Operational models remain frost-free into Sep 26th.…
Record Black Sea corn production potential remains intact. Vegetation health maps show conditions near last year in Ukraine and mostly above last year in Russia. ARC’s work suggests total Black Sea corn production will be raised slightly in the Sep or Oct WASDEs. And it’s a Russian yield hike that will drive raise total Black…
Last week’s NASS US Crop Progress report showed that as of September 1st, 14% of the US soybean crop had yet to begin setting pods. This was the largest percentage of the US crop not setting pods on that date since 1993. It was also the 4th highest figure since 1981. There have been just…
Stats Canada released its final wheat, canola and minor feedgrain stocks numbers this morning. The data leans bearish wheat and neutral canola, and with normal weather Canada will remain a major exporter of barley and oats. Stats Can pegged final 2018/19 Canadian wheat ending stocks at 6.2 MMTs. This compares to the USDA’s 4.7 MMTs.…
Brazilian soybean exports for the month of August were reported earlier this week at 5.4 MMTs. The figure was down 2.8 MMTs from last year and the lowest July export figure in 3 years. While Brazil continues to capture a larger share of Chinese demand, total exports are suffering as China’s import demand remains in…
