Corn Rain fell over the past few days and helped stop the deterioration of the corn crop, but this does not mean the estimate of between 35 and 36 MMT won't fall further. The harvest is complete across approximately 5 percent of the area with an average yield of 3.45 MT/ha. Everyone was expecting low yields, but there are still surprises with yields even lower than expected. Hopefully, the recent rains will help improve the late corn situation. There is a slight weekly improvement in crop condition and moisture reported.
The surprise continues to be delays in farmer selling. To date, only 8.5 MMT have been sold (of which 4.6 MMT was sold with price “to be fixed”) versus 19 MMT a year ago and 16.7 MMT on average across...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
