Pro Farmer estimates the U.S. corn crop at 13.759 billion bushels, with an average yield of 168.1 bu. per acre, and the U.S. soybean crop at 4.535 billion bushels, with an average yield of 51.7 bu. per acre.
Extreme weather situations, including the annual Derecho, hit regions on the eastern leg earlier this year. While the eastern Corn Belt isn't as dry as its western counterpart, yield potential looks lower than 2021.
The cotton price picture is seeing some bullish factors come into play. USDA's WASDE report on Friday revealed higher exports - along with a smaller crop last year - continue to eat into overall supplies.
USDA provided fuel for the commodity markets Tuesday with cuts to both the national corn and soybean yield, but what could be the biggest potential anchor to prices in the months ahead? Economists and analysts weigh in.
A rise in COVID-19 cases acted as a short-term anchor in the markets. With the election just days away, is agriculture on the verge of a price tipping point? Economists from the University of Missouri weigh in.
The study found that U.S. light-duty and freight vehicle consumption of ethanol and biodiesel could decline up to 90 percent to 1.1 billion gallons and up to 61 percent to 0.8 billion gallons, respectively.
U.S. agricultural commodities trader and processor Cargill Inc has acquired a soy processing facility in eastern China via a judicial auction, expanding its crushing capacity in the world’s top soy consuming nation.
President Donald Trump on Monday said he approved federal disaster aid for Iowa after a hurricane-force storm hit last week, causing widespread damage in towns and farms and leaving thousands without power.
Brad Dircks, and his wife Lisa, knew the storm was going to be bad.
“The weatherman came on and said, ‘Boy, this storm sure looks like a derecho thunderstorm.’ I thought, Boy, that doesn’t sound good.”
China is on a roll. Friday marks the ninth straight day USDA has announced new sales of corn, soybeans or wheat to China or unknown destinations. China has made big daily purchases this month, especially of soybeans.
Major oil pipeline projects are facing intense uncertainty as recent federal rulings could halt expansion projects and even stop some pipelines from operating, but the decision could also cost farmers.
USDA June acreage report showed U.S. farmers planted 92 million acres of corn in 2020, which is 5 million acres less than March. Some analysts say this could be a game changer for the corn market short-term.
U.S. exporters reported sales of 720,000 tonnes of soybeans to China, the U.S. Department of Agriculture (USDA) said on Thursday, as active purchases by the world's top soy importer continued for a second straight week.
While the moisture story differs across the country, outlooks are mixed. USDA meteorologist Brad Rippey thinks a wetter weather pattern could play out while Drew Lerner of World Weather sees dryness creeping in.
While the latest USDA report confirmed supply situation seems to be growing, one key piece of the puzzle is demand. Analysts say weather and other factors will also have an impact on prices producers see this year.
Bunge Ltd reported a first-quarter loss on Wednesday and lowered its full-year forecast as the coronavirus crisis hammered demand for fuel and upended global food supply chains, sending shares plunging 11%.
Since March 13, ethanol production dropped by about 46%, and idled or reduced production capacity is at or above 50% of normal, according to University of Illinois. Last week production fell to 563,000 barrels a day.
Zen-Noh Grain Corporation (ZGC), of Japan, announced on Wednesday that it will buy 35 Bunge grain origination elevators along the Mississippi River. The purchase from Bunge North America is pending regulatory approval.