The corn/soybean yield debates continue, and there are big swings in the various yield and acreage estimates. USDA will include its special acreage survey in the August WASDE, which most analysts believe will reflect 1-1.5 million fewer soybean acres.
U.S. domestic rail freight continues to be cheap. Corn and wheat exports are far below last year's levels, and strong soybean exports can't make up the difference. USDA estimates total corn, wheat and soybean exports from the U.S. will be down about 6 MMT. There has also been no pressure created by farmer selling. Soybean stocks are down significantly from levels expected just a month ago. Corn supplies are still big, but they are not as large as once expected. Low prices have kept a...
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...
