The August International Trade report showed US soybean exports in June totaled 83.5 Mil Bu. This was 49 Mil Bu more than a year ago and the largest June export rate in three years. Exports to China totaled 9.8 Mil Bu, up from less than 1 million last year. However, the big increase in June…
ARC has lowered national US corn yield to 173.5 BPA. This along with larger projected abandonment across the driest areas of the Plains places production at 14,141 Mil Bu, 364 Mil Bu below USDA’s estimate in July. The attached graphic shows crop-isolated vegetation health as of late July compared to the previous year. There’s abundant…
NASS has begun the process of surveying US farmers to collect the information necessary for compiling the August soybean yield estimates. 2 years ago, NASS dropped the field surveys for the August yield estimates, relying only on the farmer surveys. How the two surveys are used in each Crop Production report has been a closely…
Sorghum basis across the Plains has moved rapidly higher as nearby supply availability dwindles and as new crop yield prospects erode. Producer selling will be absent until crop size is better known. Heavy rainfall last week stabilized crop health across SW KS and TX/OK panhandles, but this comes too little/too late to materially enhance production.…
Wheat markets worldwide have been intensely focused on the success or failure of the UN and Turkey to guarantee safe passage of Ukrainian wheat through the Black Sea. However, ARC’s work suggests the corridor will have a more profound impact on global corn trade flows in the long run. ARC reiterates that the corridor, if…
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