USDA's May series of reports will be released this Wednesday. These represent its first attempt to project the supply/demand estimates for MY 2017/18 and are important for several reasons.USDA will release its monthly series of reports this Wednesday, 10 May. These are important for several reasons:
The May reports are USDA’s first attempt to project the supply/demand estimates for MY 2017/18. The biggest question regards what yield estimates will be used. With most of the seed still in the bag, it is a real guess at this point. The assumption is USDA will use a high estimate following the record yields of the past two seasons. It is also interesting to note that the U.S. drought monitor map is basically clear of any drought regions or p...
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...
