WASDE: Corn, soybean yields, & production lower

USDA estimates 2019/20 U.S. corn harvested acreage at 82.0 million acres, unchanged from the August WASDE report. The corn yield estimate is 168.2 bushels per acre (bpa), down 1.3 bpa from August. Accordingly, corn production is forecast at 13.799 billion bushels, down 102 million [...]

Corn starch bioplastics could be useful in India

Prime Minister Narendra Modi is leading an effort to ban plastics in India. On Oct. 2, plastic bags, cups, plates, small bottles, straws, and other single-use plastic packaging will become banned in India, according to multiple sources. Modi’s goal is to ban single-use plastics [...]

Smaller corn, soybean crop forecasts expected

USDA will publish the next WASDE on Sep. 12, and this year’s report is eagerly anticipated as it will reflect USDA’s first in-field evaluation of the 2019/20 corn and soybean crops. Ahead of publication, the industry is expecting USDA to confirm widespread belief in [...]

2018/19 soybean exports should beat August forecast

The U.S. exported 873,260 MT of soybeans during the week ending Aug. 22, down 26 percent from the previous week but still more than a third above the necessary weekly average for the rest of August. Cumulative exports totaled 45.0 MMT (1.65 billion bushels). [...]

USDA projects 2 percent growth in soybean crush

In the August WASDE report, USDA forecast 2019/20 soybean crush at 2.115 billion bushels, up 50 million bushels from this season’s volume. With crush nearly complete for the 2018/19 marketing year, USDA is estimating total crush at around 2.07 billion bushels, about 1 percent [...]

Comparing the 1995/96 & the 2019/20 corn crops

Planting of the 1995/96 crop was the slowest in decades—until the 2019/20 new crop saw even slower planting. The 1995/96 crop was 77 percent planted by Jun. 2, while the 2019/20 crop was only 67 percent planted, a 10-point difference. Aside from planting progress [...]

A currency front in the U.S.-China trade war

Nearly two years after Office of the U.S. Trade Representative (USTR) began investigating China over IP concerns and 11 months after the bulk of tariffs went into effect, President Trump announced a tariff of 10 percent on some US$300 billion of Chinese exports—upping the [...]