In its first forecasts for soybeans in MY 2012/13, USDA predicted a very tight supply/demand situation. It is predicting record U.S. soybean exports in 2012/13 and ending stocks of only 145 million bushels (3.95 MMT) on 31 August 2013. That would be only a 16.1-day ending supply. And, based on a near-record yield of 43.9 bushels/acre (2.95 MT/hectare), it is forecasting a record season-average soybean price for the next marketing year of $13/bushel.Other highlights of today report include: MY 2011/12
USDA raised its forecast for U.S. soybean exports in 2011/12 by 25 million bushels to 1.315 billion bushels. The domestic soybean crush volume was increased by 15 million bushels to 1.63 billion bushels. As a result, ending soybean stocks...
What You Need to Know Today: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is the largest importer of Brazilian maize in the first six months of 2026. Egypt imported about 28.4 percent of maize exports, or about 1.7 million MT. Iran was the third-largest importer at 14.5 percent, or 900,000 MT, fol...
Based on a Depression-era statute, President Trump imposed 50 percent tariffs on $20 billion of exports to the U.S., or about 5.2 percent of the $383 billion worth of goods the U.S. imported from Canada in 2025, according to U.S. Census Bureau data. Of that total, about $39.3 billion was agricu...
