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soy-oilseeds

Oilseed Highlights: U.S. Soy Crop; Brazilian Biodiesel; EU and Australian Rapeseed

Higher Forecast for U.S. Soybean Crop INTL FCStone yesterday boosted its forecast for the U.S. soybean crop from 4.782 billion bushels (130.16 MMT) to 4.796 billion bushels (130.54 MMT), a revision based on the firm’s increased estimate for the average yield from 53.8 bushels/acre to 54 bushels/acre (3.63 MT/hectare). If realized, those yield and production numbers would both be records. Reports from farmers indicate they are seeing excellent yields except in a few states that suffered from drought during the growing season such as Kansas, Missouri, southern Iowa and parts of North Dakota. However, varietal test plots in North Dakota’s Red River Valley, which was not as dry, averaged 56.2 bushels/acre. More test plot data from...

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