As noted previously, there is increasing attention to what a Biden Administration will mean to both agriculture and broader economic policy. It is not so much what Mr. Biden thinks, since he has proven to be a lifelong moderate, but rather the swirl of political forces around him that deserve a...
The 2020/21 global oilseed supply and demand forecasts include lower production, lower exports, higher crush, and lower ending stocks compared to last month. USDA reduced global oilseed production by 2.0 million tons to 604.2 million on lower rapeseed, cottonseed, and soybean production.&...
USDA raised U.S. soybean crush by 15 million bushels - reflecting an increase in domestic soybean meal disappearance which is raised in line with an increase for 2019/20. With projections for exports unchanged, 2020/21 soybean ending stocks are increased 30 million bushels to 425 million...
USDA’s outlook for U.S. soybean production is at 4.14 billion bushels, up 10 million on increased harvested area. Harvested area, forecast at 83.0 million acres in the June 30 Acreage report, is up 0.2 million from last month. The soybean yield forecast is unchanged at 49.8 bu...
The 2020/21 global oilseed supply and demand forecasts include lower production, lower exports, higher crush, and lower ending stocks compared to last month. USDA reduced global oilseed production by 2.0 million tons to 604.2 million on lower rapeseed, cottonseed, and soybean production.&...
USDA raised U.S. soybean crush by 15 million bushels - reflecting an increase in domestic soybean meal disappearance which is raised in line with an increase for 2019/20. With projections for exports unchanged, 2020/21 soybean ending stocks are increased 30 million bushels to 425 million...
USDA’s outlook for U.S. soybean production is at 4.14 billion bushels, up 10 million on increased harvested area. Harvested area, forecast at 83.0 million acres in the June 30 Acreage report, is up 0.2 million from last month. The soybean yield forecast is unchanged at 49.8 bu...
USDA’s outlook for 2020/21 U.S. corn is for lower ending stocks. For 2020/21, corn production is forecast 995 million bushels lower based on reduced planted and harvested areas from the June 30 Acreage report. The national average corn yield is unchanged at 178.5 bushels per a...
It seemed clear at the start of the day that this a weather market, and that today’s WASDE would contain few surprises. For the most part that remained true after the report was released and yet some things are inexplicable. For example, the corn crop is threated by hot and dry weat...
USDA’s outlook for 2020/21 U.S. corn is for lower ending stocks. For 2020/21, corn production is forecast 995 million bushels lower based on reduced planted and harvested areas from the June 30 Acreage report. The national average corn yield is unchanged at 178.5 bushels per a...
USDA’s outlook for 2020/21 U.S. wheat is for larger supplies, lower domestic use, unchanged exports, and increased stocks. Supplies are raised as larger beginning stocks more than offset lower production. Beginning stocks are increased on the NASS Grain Stocks report, is...
Dec 20 Corn closed at $3.4475/bushel, down $0.1225 from yesterday's close. Sep 20 Wheat closed at $5.34/bushel, up $0.09 from yesterday's close. Nov 20 Soybeans closed at $8.9075/bushel, down $0.1075 from yesterday's close. Dec 20 Soymeal closed at $300.1/short ton, down $5.3...
Today’s WASDE showed USDA’s red meat and broiler production forecast up from last month. Last month’s WASDE total beef, pork and broiler production estimate for 2020 was bumped up to be 0.05 percent greater than 2019. This month it is projected to be 1.7 percent ahead of last...
THE OPEN November beans: 1/4 lower December meal: .70 lower December soyoil: 19 higher December corn: 1 lower September wheat: 3 1/2 higher The markets opened as expected with a firmer note in wheat on reported sales to China. Traders were back to buying oils...
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