Global vegetable oil markets have fallen from peaks scored in early May – in part due to May expirations across the world – but the threat of extreme supply tightness for another 12 months remains intact. Cash rapeseed oil in Europe remains perched near $1.00/Lb. Russian sunseed oil has rallied sharply, from $.70 to $.85/Lb…
US farmland and input prices have soared to historic prices in the last year, and farm equipment prices have made similar moves. A combination of strong farm income along with supply chain disruptions and raw material shortages has seen an increase in demand and reduced production over the last three years and drove prices to…
The Wheat Quality Council’s tour of the Plains this week will no doubt find yield potential in KS and portions of OK and NE at the lowest in years. Yet, the tour’s national yield and production estimates will be valuable in gauging the accuracy of NASS’s initial HRW yield forecast in May. The graphic below…
The May NOPA crush report showed an April crush rate that was about 2 Mil Bu under the average trade estimate, at 169.8 Mil Bu. Nevertheless, the April crush rate was 9.5 Mil Bu (6%) more than a year ago and the 2nd largest NOPA crush rate on record. Generally, crush rates were higher across…
In the May Crop Report, NASS reported total US May 1st Hay stocks at 16.8 Mil tons. The figure was down 1.3 Mil tons (7%) from last year and at a three-year low. US spring hay stocks have been far tighter than the current year on a national basis. And typically, US hay stocks in…
