It has been a less than favorable start to the 2022 planting/growing season! Dry weather has allowed planters in the field in the Plains. As of last week, KS was 21% planted and NE was 10%, and both were at or near their 5-year averages. However, planting progress in the east has been slowed by…
USDA acreage reports offered a number of surprises in recent years. Based on strong new crop prices and profitability, the market had anticipated more acres in the March Prospective Plantings report. Instead, total intended acres were down 3 million from the previous year, with corn intentions falling 5.9 Mil acres and soybeans up 4 million.…
The weather models continue to add to rainfall to North/South Dakota and Minnesota for the next 2 weeks. Should the forecast verify, cumulative rainfall of 2-5.00” will impact the region and flood already saturated soils. The result could be lengthy seeding delays and high participation in the US Prevent Plant option. Also, freezing/near-freezing overnight lows…
Stats Canada’s seeding intentions data leans bearish oats, bullish canola and neutral wheat – with all eyes on weather across the Prairies over the next 2-3 weeks. Like the US, Canada has reached peak arable land and producers there moving forward can only shuffle the acreage matrix and improve yields to boost total production and…
AgResource’s May 1st US winter wheat production forecast sit at 1,179 Mil Bu, down 98 Mil Bu from last year despite larger planted area. National yield is pegged at 45.4 Bu/Acre, vs. 50.2 last year and which is the lowest since 2015. The primary issue are the extreme or exceptional drought across the Southern and…
