There are a number of reasons why USDA's numbers in its 12 August report may have a significant impact on prices.USDA will provide its first corn and soybean crop production estimates based on actual producer surveys, objective test plots, etc. 12 August. These production estimates will be incorporated into its August WASDE (supply/demand) forecasts that will be released at the same time. There's a chance these numbers can have a significant impact on prices for a number of reasons:
USDA resurveyed planted acreage during early July in those states that were so wet in June. Some analysts believe soybean acres could decline by 1-2 million acres from the 30 June acreage report and July WASDE. Based on the 46 bushels/acre yield estimate used...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...