ARC estimates the 2022 US corn yield at 172 BPA. Upward revisions have been made to the Eastern Midwest, but downward revisions to the Central Plains are more than offsetting those gains. The attached graphic shows Sep 1-Oct 10 % of normal precip. Heat and dryness were unrelenting across E KS, NE, and the Dakotas.…
NASS is again in the process of compiling the results of the farmer and field surveys for the October Crop Report that will be released Wednesday. The table reflects AgResource’s best guess for the current crop’s yield potential. Changes in crop condition ratings in September were minimal, and we see no reason to deviate significantly…
The October International Trade Report showed August pork exports at 512 Mil Lbs. This was a 28.5 Mil Lb increase from July, but still 16 Mil Lbs less than last year. Exports to Mexico of 195 Mil Lbs were 104% of last year and marked the 16th consecutive month that the monthly export rate had…
The October International Trade Report showed US soybean exports in August totaled 121.9 Mil Bu. This was 79 Mil Bu more than a year ago and an incredible 17.2 Mil Bu more than the FGIS monthly inspections report that was released last month. This was the largest difference between the Census Bureau’s count of exports…
2022/23 US ethanol grind forecasts are being revised lower amid a lack of improvement in US weekly gasoline consumption, large existing stocks and ongoing US Gulf premiums to Brazilian origin. Ethanol market fundamentals are reversed from a year ago in autumn, and without a change prior to winter the USDA is expected to reduce US…
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