Crop conditions across key soybean production regions in Brazil continue to decline, as heat and dryness has been extreme across broad swaths of Central and Southern Brazil. The nearby forecast does not show any real relief, with above-average temperatures and below-normal rains continuing into the month’s end. The latest crop estimates from the government’s crop…
The worst of this year’s South American drought has NOT been centered on Brazil/Argentina, but on E Paraguay – the heart of the country’s Ag Belt. 60-day precip ending January 27 is 4.77”, just 35% of normal. Pockets of Paraguay’s ag regions have seen just 15% of normal precip since late November. Yet the bigger…
The EIA’s Monthly Energy Review showed that US biodiesel production in October was 20 million gallons over September, reaching a 5-month high 146 million gallons. This puts cumulative B100 production at 1,344 million gallons or 11% less than a year ago and the lightest Jan-Oct production rate since 2017. This year is only the 2nd…
World beef trade has been steadily rising, gaining in 10 of the last 11 years. The USDA forecast another modest increase in 2021 of 589 Mil Lbs (3%), putting total global beef imports at a record 20.5 Bil Lbs. All the increase in global beef trade has come rising imports in China over the last…
Russian President Putin is threatening to invade Ukraine which has the world on edge. No one knows whether Putin will ultimately invade, but the purpose of this research is to place Ukraine’s/Russia’s grain export profile into statistical context. An outright lasting military conflict will prove explosive to grain/vegoil markets. But even modest hiccups to grain…
