Cold start to spring delays crop progress

Although Mar. 20 was the official start of spring and next week will be the first full week of May, you wouldn’t know that if you were in the Northern Plains over the past month. Multiple late-winter storms have plagued the region, bringing plenty [...]

Changes for 2021/22 corn ethanol & soybean use in April WASDE

In its April WASDE report, USDA made minimal changes to its existing forecast for corn but did adjust soybean use estimates. USDA did not change its prior 2021/22 U.S. corn production estimate of 15.115 billion bushels, still above the past two seasons’ volumes. Corn [...]

Soybean export sales to China higher than average

China purchased over 1.3 MMT of soybeans during Jan. 7-20, including almost 790,000 MT transferred from sales previously assigned to unknown destinations. This volume is a bit higher than usual for this time of year and may reflect China’s concern about the eventual size [...]

USDA adds 35 million bushels to 2021/22 soybean crop

Last Friday's WASDE report was in line with the previous week’s market expectations for soybeans—a modest increase in production due to improved yield prospects—but fell short of this week’s hopes for higher acreage. In sum, stocks for 2020/21 ended at around 175 million bushels, [...]

Soybean market digests acreage report

After high hopes that the market would finally realize how much “additional” soybean acres would be planted for 2021/22, participants were left speechless when USDA said zero additional acres were considered for planting from Mar. 1 to Jun. 1. Shockingly, soybean acreage remained at [...]

Argentina in need of rain, Brazil okay for now

Most corn and soybean producing areas in Argentina are not expected to receive adequate rain during the next two weeks, which is unfavorable for planting and early crop development. The area stretching from San Luis, across Cordoba, and into southern Sante Fe may see [...]

Spring rains provide planting window in South America

While some crop row in South America areas are still mostly dry,  some key region in Argentina and Brazil have seen an uptick in precipitation and soil moisture in the last ten days, allowing planting to accelerate and lessening the risk of replanting due [...]

Will Brazil’s soybean crop hit 130 million metric tons?

Some estimates peg the 2018/19 crop at 123 million metric tons (MMT), but according to the chief executive at agribusiness consultancy Celeres, Brazil’s soybean crop could be as large as 130 MMT. This would be an increase of almost 10 MMT from the year prior.  High demand from China due to the dispute with the U.S. [...]

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