Today’s USDA acreage and stocks numbers didn’t contain any big surprises, but there were a few small ones.Today’s USDA acreage and stocks numbers didn’t contain any big surprises, but there were a few small ones.
Soybean acres were expected to get bigger than the 31 March number, but they were left unchanged. Corn acres were expected to drop, and they went up 1 million acres. Spring wheat acres declined more than the average trade guess but in line with WPI’s estimate. 1 June corn stocks were 100 million bushels above the average trade guess. 1 June soybean stocks were 20 million bushels below the average trade guess. 1 June wheat stocks were bigger than expected.
The corn and soybean markets will now be all about July and August...
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...
