USDA’s recent transportation cost index update shows barge freight rates for grain are down by almost 50 percent from sky-high values seen in March, while grain trucking costs are still close to May’s record level. Rail costs are also around the May average and [...]
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 [...]
U.S. soybean exports were a bit above the seasonal average last week, although nothing shocking. Sales remained strong, with China adding a net 395,540 MT (well above average for this time of year) and sales to unknown destinations (often China) rising by a net [...]
In its March WASDE report, USDA made minor changes to the U.S. corn and soybean demand forecasts. USDA did not change its prior 2021/22 U.S. corn production estimate of 15.115 billion bushels. However, it did add 25 million bushels to both food, seed & [...]
The February WASDE report was almost the same as January’s, with no changes to the U.S corn balance sheet and only slight adjustments to soybean figures. USDA left its 2021/22 U.S corn production and yield estimates unchanged from last month’s report at 177 bushels [...]
Soybean exports topped 388 million bushels in November, up slightly from the volume shipped in November 2020, although this season’s slow start to trade has left cumulative exports 22 percent behind 2020/21’s pace to date. Over 250 million bushels of soybeans were destined for [...]
Soybean exports during the week ending Nov. 4 easily surpassed the previous high set last year. Over 2.3 MMT, or 63 percent, of the week’s shipments were destined for China—the fifth consecutive week of higher volumes sent there. China is not adding greatly to [...]
In the November WASDE, estimated 2021/22 U.S. corn yield was raised 0.5 bushels per acre (bpa) to 177.0 bpa, which would be the highest yield on record. With this improved yield, estimated new-crop production rose to 15.062 billion bushels, up 43 million bushels from [...]
