Record world wheat supplies may impact export values

In the May WASDE, new-crop wheat production forecasts for the U.S. and EU were both slightly down from 2019/20. However, USDA forecasted 2020/21 world wheat production at a record 768.5 MMT (28.2 billion bushels), supported by sizeable crops in Australia, Canada, and Russia, and [...]

Recovery in South Dakota’s honey production

U.S. honey production was around 156.9 million pounds in 2019, up 2 percent from 2018 but down 2 percent from the previous five-year average of 160 million pounds. Honey stocks as of Dec. 15 were 41.0 million pounds, up 40 percent year over year. [...]

Southern Brazil to get rain, U.S. soils remain saturated

South and southwest Brazil have seen limited rains in recent months. While significant rain is expected in these areas over the next two weeks, it may not be enough to restore soil moisture to adequate levels. Nevertheless, any rain at this point will be [...]

Weather may limit South American corn production

As of Jan. 23, the Argentine corn crop was 94.7 percent planted, up 3.8 points from the prior week and up 2 points YOY. Yield expectations for the current crop are about the same as last year’s, per Bolas de Cereales. For early corn, [...]

How much apple juice are you drinking?

USDA reported monthly apple juice imports at 22.99 million SSE gallons, up less than 1 percent from September and down 9 percent from October 2018. Jan-Oct 2019 cumulative imports were down almost 20 percent year over year. But interestingly, starting in winter 2019, stocks [...]

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 [...]

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