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, [...]

Blueberry harvest to start soon

This year’s cultivated blueberry crop is expected to be average to above average. Unlike the tart cherry crop that was hit hard due to an early freeze, the blueberry crop was not impacted. Harvest should start in the next few weeks, and overall production [...]

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 [...]

Sharp decline in tart cherry crop

There is considerable concern about the size of the tart cherry crop this year. Frost conditions during spring may have had a big impact on the development of this year’s crop. USDA is forecasting 2020 tart cherry production at 197 million raw pounds, down [...]

Corn market awaits acreage, stocks reports

Corn futures came under pressure last week as good production prospects firmed market expectations of bearish conditions for the foreseeable future. The Dec-20 contract closed the week down 20 cents per bushel. The Jun. 30 Acreage and Grain Stocks reports are on the minds [...]

Sugar deliveries declined during spring

With delivery data for two months under COVID-19, March and April, USDA lowered 2019/20 sugar deliveries for food use by 75,000 STRV in the June WASDE. After huge April imports because of the quota increases, USDA is placing YTD deliveries for food use by [...]

Soybean market creeping higher

Soybean exports remain on pace, with healthy Chinese purchases totaling 320,038 MT during the week ending Jun. 11, about 60 percent of the purchases made during the week. As of now, the current USDA projection of 1.650 billion bushels looks attainable with the current [...]

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