The International Trade report showed that US pork exports in July totaled 484 Mil Lbs. This was a 47 Mil Lb decline from June and the lowest monthly export rate of 2022. Compared to a year ago, the July export figure was down 26 Mil Lb, a 5% decline from last year, the lowest July…
The August International Trade report showed a total US soybean export rate in July of 85.4 Mil Bu. This was 6.5 Mil Bu more than the monthly FGIS inspections rate. Exports to China were up 10 Mil Bu from June and more than 18 Mil Bu over last year at 19.8 Mil Bu. It was…
NASS is in the process of conducting farmer and field surveys for the September crop report to be released next week. The table above reflects yield and production estimates that NASS is likely to reveal in the September crop report – based on crop ratings as of late August. Crop ratings started the year well…
ARC’s updated US corn yield estimate is 172 Bu/Acre, which is in part driven by recent crop tour findings and in part by the ongoing lack of precip recorded in KS, NE, SD and important areas of the Dakotas and IA. Relative to NASS’s forecasts in August, yields are raised across the Upper Midwest &…
Following the release of monthly NASS & EIA ethanol data, AgResource estimates ethanol’s final 21/22 corn demand draw at 5,342 Mil Bu, just 8 Mil shy of the USDA’s current forecast. Outright ethanol production totals during spring and summer were lofty relative to expectations given near record Midwest cash corn prices. However, offsetting this was…
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