Rise in soybean export sales

Export sales and shipments strengthened during the first full, non-holiday week of 2020. For the week ending Jan. 9, net soybean export sales were 711,462 MT (26.14 million bushels), reflecting 377,300 MT of reductions from unknown destinations. Weekly net sales were about double the [...]

WASDE: Higher corn & soybean yields

The January WASDE report was slightly surprising in terms of corn with many expecting more bullish numbers. Instead, USDA raised 2019/20 corn yield to 168.0 bushels per acre (bpa), up 1 bpa from the December estimate. The industry was expecting yield to be 2 [...]

November soybean oil stocks rose despite production dip

NOPA members’ average soybean oil yield fell to 11.53 pounds per bushel in November, the lowest yield since 2017/18. Soybean oil production, at 1.90 billion pounds, was down 6 percent from October and down 2 percent from November 2018. Despite the decline in soybean [...]

Mexico behind modest boost to corn export commitments

Mexico has booked more than a million metric tons of corn in two separate weeks this season, but even so, average weekly orders, at 340,400 MT, remained 10 percent below the same period last season. On the other hand, South Korea has yet to [...]

WASDE: Chinese corn production expected to rise

Although the industry was expecting U.S. corn exports to fall in the December WASDE report, USDA left its estimate at 1.85 billion bushels. In fact, each U.S. corn supply and demand category was left unchanged on the report. Internationally, however, 2019/20 world beginning stocks [...]

CBD profitability wide-ranging due to more acreage

Back in October, an Illinois farmer told WSJ he expected to net $75,000 per acre in profit from selling his CBD hemp and only $1,000 per acre for his corn and soybeans. Fast forward two months, and a Kentucky farmer, just one state away, [...]

September biodiesel production down 13 percent

U.S. biodiesel manufacturers produced just 142 million gallons in September, down 9 percent from August—the fourth consecutive month of YOY declines—and down 13 percent year over year. Cumulative 2019 production, at 1.32 billion gallons, was down 3 percent from a year ago. Demand for [...]