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 [...]

USDA forecasts record 2018/19 soybean ending stocks

Friday’s WASDE report was undoubtedly bearish, led by the unexpected hike in soybean ending stocks. Ahead of the report, analysts were projecting 2018/19 soybean yield to increase, with the average of expectations being around 49.8 bushels per acre (bpa). USDA’s much stronger increase to [...]