One of the primary reasons we said the Outlook Conference numbers would be bearish is that USDA has a history of using a best case scenario from a yield standpoint. A few weeks ago, I wrote that the markets had two more potentially bearish events to get through before the spring planting season starts and the markets again turn to weather and yield potential. Those two events were the February USDA Outlook Conference that concluded today and the 31 March series of reports that include planting intentions and the 1 March quarterly stocks estimates. USDA's first look at the possible 2014/15 U.S. supply and demand numbers didn't really hold any surprises. The table below shows its outlook compared to the current marketing year.One of the prima...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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