August soybean crush below expectations

NOPA members reported crushing 165.1 million bushels of soybeans last month, down from 172.8 million in July and 168.1 million in August 2019. Despite the drop YOY, August’s crush was still the second largest on record for the month. The industry had expected crush [...]

Weather forecasts mostly favorable for corn harvest

Through Oct. 9, NOAA sees an even chance for above-average or below-average temperatures in Wisconsin, Illinois, eastern Iowa, and most of Missouri. West of these areas, the probability for above-average temperatures rises by 5 to 10 points. East of Wisconsin and Illinois, the probability [...]

Poor precipitation in July & August could impact new main crop

The 2020/21 main crops will begin in October and the cacao fruit needs enough moisture for proper pod growth and bean development. The summer months of June through August mark the tail end of the 2019/20 midcrop, and trees begin forming pods for the [...]

WASDE lowers corn yield with limited impact on STU

Despite the estimated impact of the derecho event last month, the 2020/21 U.S. corn crop still looks to be one of the largest on record. With a minor boost to beginning stocks, total supply is projected to increase 8 percent over last year and [...]

WASDE: Lower yields to reduce corn, soybean stocks

Today’s reported yield reductions were in line with what the market anticipated. However, USDA’s 2020/21 corn ending stocks forecast was about 40 million bushels above industry expectations ahead of WASDE, while its 2020/21 soybean ending stocks forecast was around 9 million bushels below expectations. [...]

Great pumpkin harvest expected for 2020

Families looking to hit the pumpkin patch ahead of Halloween and through the fall are in for a treat as 2020 look to be a bumper pumpkin crop. A good crop will be needed as strong demand is expected this fall as families look [...]

Will Ivory Coast political instability add support for cocoa futures?

As a group, international observers have not been shy about their concerns over Ivory Coast’s political stability ahead of the country’s presidential election. Ivory Coast saw civil wars in 2002 and 2011, and now the question is whether a third civil war could be triggered [...]

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