The Economic Research Division of the USDA released their latest estimates for national average crop production costs for the upcoming 2023/24 crop year. After marking record large increases last year, estimated per acre costs of production for both corn and soybeans relaxed slightly. In the operating costs, seed marked the largest increase for both corn…
Crop conditions across key soybean production regions in Brazil continue to trend far better than a year ago. Temperatures across the Central and Southern growing regions have averaged slightly warmer than last year through the growing season, but rainfall totals have also been far better. This allowed for a more typical start to the planting…
ARC’s work suggest that the market will indeed have to contend with another year of near-record Australian exports, which on the margin will trim the US’s share of soft wheat exports into the Asian market in spring and summer. Flooding and quality concern triggered the addition of premium into the Australian market in Oct &…
The EIA’s Monthly Energy Review showed that combined biodiesel and renewable fuel production in August eased slightly from July but was still the second largest on record. Green/low carbon fuel demand continues their expansion. B100 biodiesel production was 148 Mil Gal, up 1 Mil Gal from July and 8 Mil Gal more than a year…
US cash corn has been resilient in the face of a rapid 2022 harvest, pitiful US corn export demand and as the market can see just how aggressive Brazilian exporters will be with Feb-Jun sales assuming crop problems can be avoided in the next 45-60 days. Relative market strength makes sense amid the focus on…
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