World beef trade has been steadily rising for more than a decade, gaining in 10 of the last 11 years. The USDA forecasts another modest increase in 2023 of 326 Mil Lbs (1%), putting total global beef imports at a record 22.8 Bil Lbs. All the increase in global beef trade has come from rising…
AgResource – and others – have found incredible soybean yield potential in Mato Grosso this year, with yields in surrounding states Mato Grosso and Goias also likely to exceed year-ago levels and CONAB’s current forecasts. High pod counts, uniformity and reduced disease pressure this year will allow Mato Grosso to produce a record 42.8 MMTs…
The global ag market landscape is beginning to change. Two years of high – in some cases record – prices have accomplished the task of slowing consumption and encouraging production, while the imminent of La Nina bodes favorably for weather in the US this spring/summer and across Argentina and Southern Brazil during the 2023/24 growing…
The January Cattle on Feed report lacked a bearish surprise (relative to estimates) and the cattle market looks to be supportive for Monday’s trade. The December placement rate was down 8% from last year’s record placement rate, at a 4-year low. The January 1st feedlot inventory was at 97% of last year. This was the…
The Baltic Dry Freight Index, an index compiled by the Baltic Freight Exchange, rallied to the highest level since 2008 at the peak of the Covid pandemic. At peak was scored in October 2021 as the index rallied 360% from the start of the year. The index has trended lower ever since. The Baltic Dry…
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