Not much inspiration was expected from today’s USDA reports, and that’s exactly what they delivered. However, there are a few important factors to keep in mind about today's numbers.Not much inspiration was expected from today’s USDA reports, and that’s exactly what they delivered. There were only minor adjustments in the old crop and new crop corn, soybean and wheat ending supply estimates as well as the winter wheat production number (see below).Following are several important factors to keep in mind about today’s numbers:
The 2017/18 corn and soybean yield estimates will not be based on actual crop surveys, test plots, etc. until the August report. These yield estimates are a “best guess” based on early conditions. The 2017/18 produc...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
