WASDE: Bearish corn & soybeans, sugar more steady

In the May 10 WASDE report, USDA’s 2019/20 forecasts left corn and soybeans in bearish territory, while sugar showed stability. U.S. corn stocks-to-use (STU) ratio was projected at nearly 17 percent, with ending stocks for 2019/20 expected to rise 16 percent compared to 2018/19. [...]

African swine fever: Hogs, China, & trade

One of the hottest current topics in agricultural markets is African swine fever, a virus ravaging the Chinese hog industry. Market concerns abound, from whether the virus can spread to other regions globally (such as the U.S.) to its potential impact on pork production [...]

Livestock and poultry populations up over 2 percent YOY

There were nearly 12.0 million head of cattle on feed as of Apr. 1, up 2 percent year over year and a recent record. March’s cold, wet weather in parts of the Plains and Midwest contributed to the higher number. May-Aug numbers should decline [...]

California beverage tax only mostly dead

Last year, then-Governor Brown surprised many by signing into law a fast-moving, 12-year ban on local soda taxes. Reports suggest that Brown had made the move to forestall a threatened voter initiative—backed by business groups—that would have made it significantly more difficult for counties [...]

Remembering 1993’s Midwest flooding

Heavy precipitation during the fall and winter of 1992/93 saturated Midwestern soil and raised reservoir levels. Then excessive spring and summer rainfall inundated 400,000 square miles, flooding that persisted throughout much of the growing season in the Corn Belt. Iowa was hit very hard [...]