Weather mostly favorable for U.S. crops

Above-average temperatures are expected across the U.S. over the next month, which will be neutral to favorable for the crops, depending on soil moisture levels. Subsoil moisture in most U.S. corn and soybean growing areas should be adequate to support crop development, partly due [...]

2019/20 soybean stocks raised to 620 million

Friday’s WASDE report showed that USDA is expecting higher soybean ending stocks for this season, although it isn’t sure yet which use category will be the source. Crush for 2019/20 was raised 15 million bushels from the June estimate, to 2.155 billion bushels, while [...]

Lower corn feed demand revealed in July WASDE

In the July WASDE, U.S. corn feed demand and ethanol demand in 2019/20 were lowered by 100 million bushels and 50 million bushels, respectively. Lower demand in 2019/20 lifted ending stocks to nearly 2.25 billion bushels, up 145 million bushels from the June estimate. [...]

Acreage report to impact July WASDE numbers

This month’s WASDE is set for release on Friday, Jul. 10, and as usual, the industry will see how its expectations stack up against USDA corn and soybean market forecasts. The Jun. 30 Acreage report, which saw lower corn acres and higher soybean acres, [...]

Summer heat puts a crimp in the natural gas supply build

Last week’s surprisingly strong 120 bcf per day weekly EIA build number gave way to a more modest 65 bcf, about half the prior week’s level. Hotter summer temperatures are settling in across the country for July with summer in full swing. Although stocks [...]

Corn acreage shocks the market

In what can only be described as a historical market shocker, the nation’s farmers last week indicated planted corn acres at merely 92 million, per USDA’s Acreage report. Although this reflects an increase of 3 percent over last year’s late-planted crop, it is down [...]

Crop tour 2020: Day 2, western Nebraska, Iowa, Illinois, & western Indiana

Day 2 of the crop tour was a ten-hour drive from Lincoln, NE to Indianapolis, IN (see map below). Driving out of Nebraska and into Iowa, corn and soybean crops looked noticeably more mature, I would estimate one to two weeks ahead of Nebraska [...]

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