Cotton has joined corn, wheat, soy and oats in fighting for acreage expansion in 2022. The USDA in its Sep report raised US cotton yield production, but 21/22 US cotton stocks and stocks/use will stay at the lower end of history amid sizable export demand. Exporters in just the last four weeks have sold just…
AgResource’s balance sheet has adopted larger 21/222 carrying but is otherwise left untouched. Yield reports in KS and across the E Midwest – IL in particular – imply NASS forecasts in those states are overstated. ARC reiterates that simply reducing IL corn yield to 200 BPA, vs. USDA’s current 214, lowers national yield by 1.5…
Soaring fertilizer costs are on the minds of grain producers worldwide, and there’s little evidence to suggest energy & fertilizer markets break in the next 90 days. EIA data this week featured another contraction in US crude inventories as the gulf between production and consumption remains rather wide. There is no doubt the cost of…
With harvest for the 2021/22 crop underway, producers are also preparing for the 2022/23 planting season. A year ago, input suppliers did not anticipate the strong commodity rally that unfolded and left money on the table in pricing seed, fertilizer, and chemicals relative to much cheaper soybean values. They won’t make the same mistake this…
US and global energy markets face shortages amid production deficits and elevated demand as winter approaches. Additionally, summer-like temps across North America (near-term) keeps energy demand higher than normal, while the number of miles driven expands due the broadening post pandemic recovery. Broad correlation exists between crude oil and the bio-crops. But this year will…
