The story of the 2017/18 crop cycle in the U.S. and the world is being written. However, only the first few chapters have emerged so far, and there will no doubt be many more to follow before the story is complete. Among those that stand out to date are the following:
Unless the crops presently being seeded in South America falter badly due to adverse weather conditions, 2017/18 will be the fifth consecutive year of very large world production of major row crops. The small U.S. wheat crop and the drought-damaged Australian crop have been offset by good wheat production elsewhere, most notably in Russia. We are not sure when a similar string of years with huge world crops last occurred (if ever), but it is certainly unique in modern agric...
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...
