AgResource pegs Dec 1 US corn stocks at 11,638 Mil Bu. This is up slightly from last year but solely to larger US corn crop size. Sep-Nov industrial use is calculated at 1,685 Mil Bu, up 74 Mil Bu from 2020 and a three-year high. Exports are down following September’s closure of the US Gulf.…
AgResource estimates US soybean stocks as of December 1st at 3,107 Mil Bu, a 160 Mil Bu (5%) increase over a year ago. Beginning stocks fell 268 Mil Bu from the previous year and were the lowest in 5 years. However, much of the decline in the carry-in was offset by a 189 Mil Bu…
AgResource estimates final US corn yield in 21/22 at 175.5 Bu/Acre, with production pegged at 14,935 Mil Bu, down 127 Mil from NASS’s current forecast. Relative to NASS Nov numbers, ARC has trimmed yields slightly across the E Midwest, CO and LA while boosting yield slightly in KY. Overall, a major change to yield &…
The table reflects AgResource’s estimate of the 2021 US soybean yield/ production on a state-by-state basis. The national soybean yield is projected at 51 BPA, down slightly from NASS’s November estimate, the 4th largest US soybean yield on record. Typically yield changes in the January Crop Report are minimal. Since 1980 the soybean yield has…
AgResource has begun trimming summer corn yields significantly across southern Brazil as drought there worsens, and as very little relief is featured in two-week and 30-day forecasts. Precip recorded in Parana, Santa Caterina and RGDS since Nov 15 sits at just 20-40% of normal, with max temps there reaching the mid-90s this week. The loss…
