AgResource estimates US soybean stocks as of December 1st at 3,477 Mil Bu, a 325 Mil Bu (10%) increase over a year ago. Beginning stocks fell 17 Mil Bu from the previous year and were the lowest in 6 years, while production was 90 Mil Bu less than last year. However, a lower crush and…
US Sow and Boar Slaughter Update NASS will release the December Hogs and Pigs report on Friday, based on surveys that were completed in early December. Estimated hog producer margins were positive for most of 2022, with estimated farrow-to-wean margins showing positive returns in 25 of the last 26 months and averaging $11/head in 2022.…
Wheat acres enrolled in USDA insurance programs as of Dec 19th strongly supports a decently sized increase in 23/24 winter wheat seedings. Winter wheat acreage enrolled in programs as of this week sits at 12.3 Mil, up 1.6 Mil from the same date a year ago. The attached graphic shows the correlation in movement in…
Russian wheat export shipments have slowed dramatically since late November as weather slows both the interior movement of grain as well as operations ports. This is in part seasonal as heavy snow falls in Central and Northern Russia triggers a more sluggish pace of loadings from the interior to ports in the south. High winds…
The December NOPA soybean crush was viewed as mildly bearish. NOPA reported a November soybean crush rate of 179.2 Mil Bu, just below the average trade estimate. Compared to last month, crush rates were lower in all regions except for the Southeast US (with 1 less day vs October). Compared to a year ago, the…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
