The global corn market has not benefited from record large importer demand. AgResource calculates major exporter corn shipments in October at 12.7 MMTs, vs. 13.5 a year ago and vs. a record 14.8 MMTs in 2019. The year-over-year decline is in large part due to weak Brazilian exports. AgResource also suspects cheap feed and readily…
** US September Pork Exports US pork exports in September were 510 million pounds, down 16 million pounds from August and 35 million less than a year ago, even as US pork supplies seasonally expanded. Exports to all major destinations were below last year, with the exception of Mexico. Exports to China continue to deflate…
The International Trade Report released Thursday morning showed an expectedly low September soybean export rate of 79.7 million bushels. This was the smallest September export figure in seven years due to Hurricane Ida. However, the official trade number was still 12.4 million bushels larger than what had been reported in the monthly FGIS export inspections…
The exporter wheat balance sheet has been tightened further as it’s become impossible to ignore the pace of world wheat trade to date. As of early November, combined exporter wheat shipments were up 3.3 million tons year-over-year (6%). This is important as the USDA’s current iteration of world supply and demand features a boost in…
NASS is in the process of compiling the results of field and farmer surveys for the November Crop Report. The table above and the chart below reflects our best guess at national and state soybean yield estimates, based on October yields and late-season crop condition ratings. The yield model in the chart projects a national…
