Hog and cattle price trends in the last year have been bullish, and prices in both markets have been much higher than expected for the last two years. And yet, neither industry has seen significant expansion. Forecasting supply and demand through the covid years was complex due to unprecedented business and economic conditions. Forecasting prices…
The attached graphic makes clear the battle ongoing between the supply bulls and demand bears in US and global corn markets, which has left markets worldwide bound to narrow ranges since mid-October. Incredibly strong basis levels across the Plains (upward of $1.50/Bu in western KS) along with abnormally strong basis in the principal Midwest imply…
Soybean crush rates in Argentina started the local marketing year near the 5-year average but were still below last year through the first quarter. The crush rate fell even further behind last year through the second quarter. Since the start of the local marketing year, crush rates have averaged 373,000 MTs (10%) per month, less…
The October USDA estimates featured updates on global red meat and pork estimates. Historically, the USDA has refreshed USA estimates every month, but global figures were updated just twice per year (April and October). Starting in 2020, the USDA began offering 2 additional reports between the April and October estimates to refresh figures for selected…
Needed rain lies ahead for Central Argentina, but much more is needed to even ease historical drought conditions there. The attached graphic shows surface (left) and subsurface level soil moisture as of Oct 17. The complete lack of subsoil moisture despite intermittent showers since late summer has clearly negatively impacted wheat yield production, with official…
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?
