Production At a critical time when the world needs more oilseeds, humans and Mother Nature are conspiring against it. Excessively wet conditions have delayed planting in the U.S. Notably, planting is 15 percent behind in some of the major producing states. The impact is that yield forecasts are already beginning to decline, as are private estimates of the final planted acres. USDA’s Prospective Plantings survey at the end of March suggested 91 million acres of soybeans but some believe at least 1 million acres will not get planted due to the sub-optimal conditions.
Meanwhile, the EU forecasts a 7 percent increase in oilseed production in 2022/23, but now drought conditions could cut that estimate. Drought also afflicts weste...
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...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
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...
