Grains After a long period of below-normal rains, September started with meaningful precipitation for a large portion of Argentina’s agricultural area, including all of Buenos Aires Province, south of Cordoba, and Santa Fe. The center of Cordoba and Santa Fe northward were less lucky, which is unfortunate as those areas have been the most impacted by drought.
Wheat Argentina After the past few days’ rain, there is a strong recovery in wheat conditions and soil moisture. The good/excellent portion of the crop increased from 31 to 46 percent from last week and the regular/bad ratings decreased from 31 to 21 percent. Moisture conditions are now such that 68 percent of the crop is growing with good/optimum moisture con...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
