Not much inspiration was expected from today’s USDA reports, and that’s exactly what they delivered. However, there are a few important factors to keep in mind about today's numbers.Not much inspiration was expected from today’s USDA reports, and that’s exactly what they delivered. There were only minor adjustments in the old crop and new crop corn, soybean and wheat ending supply estimates as well as the winter wheat production number (see below).Following are several important factors to keep in mind about today’s numbers:
The 2017/18 corn and soybean yield estimates will not be based on actual crop surveys, test plots, etc. until the August report. These yield estimates are a “best guess” based on early conditions. The 2017/18 produc...
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...