Spot CBT oats on Monday rallied $.20 per bushel to score yet another all-time high at $6.73. This is an incredible flat price, as well as a new high in oats premium to corn, which on a metric ton basis now rests at $253 – the price of oats is more than double the price…
NASS is again in the process of compiling the results of the farmer and field surveys for the October Crop Report that will be released next Thursday. The table above reflects AgResource’s best guess for the current crop’s yield potential. Changes in crop condition ratings in September were minimal and we see no reason to…
AgResource’s by-state US yield forecast is above for the NASS’s Oct crop report. The table above shows the importance of even modest yield trimming across the eastern Midwest and its impact on national yield. ARC has no issue with NASS’s estimate in IA of nearly 200 BPA, but final yield in IL is pegged at…
US pork exports in August recovered from a light July pace and were barely below last year at 526 Mil Lbs. China’s absence from the weekly and monthly figures is becoming more important each month. August exports were just 51% of last year, and the Jan-Aug figure is 64% of a year ago. But with…
The October International Trade report showed that US exporters shipped out 48 Mil Bu of soybeans in August. The monthly total was 122 Mil Bu less than a year ago, but also 9.8 Mil Bu more than the monthly FGIS inspections report. This was also the largest difference between inspections and Census trade data since…
