21 February 2020
In this issue, "NCC Survey Projects 2020 U.S. Cotton Acres down 761,000 at 12.977 Million Acres," "Barge Industry Consolidation," "2019 U.S. Vegetable Production Down 3% from 2018, but Prices up 12%," and "Market Watch Table."
14 February 2020
In this issue,"Farmers and Ag Businesses Concerned About Sustainability Based on Consumer Demand," "Minimum Freight Rates Increasing 11% to 15% in Brazil," "Spring Fertilizer Price Outlook," and "Market Watch Table".
07 February 2020
In this issue, "U.S. Farm Sector Profits in 2020 to be Near Recent Averages," "The Cattle Cycle has Spun Toward Contraction," "Coronavirus and How It May Affect Trade," and "Market Watch Table."
14 February 2020
In this issue, coronavirus is still an uncertainty for the markets. Brazil and Argentina are both on pace to large corn production totals for a second consecutive year. USDA bumps U.S. soybean exports 50M bushels in Feb WASDE. WASDE raises soyoil ending stocks, lowers Decatur price ideas. CFTC shows funds added to record net-short position in soymeal. USDA increases wheat export forecast, but market seems to ignore.
07 February 2020
In this issue,corn export sales top 1 million tonnes for third consecutive week. Soybeans futures find spillover support from higher grain markets. Monthly palm oil data to set the tone ahead of Tuesday’s WASDE. U.S. meal exports continue to impress. Wheat somewhat sensitive to coronavirus news.
31 January 2020
In this issue, the spread of the coronavirus has sent shockwaves through macro and commodity markets this week as money flies to safety. Ideas that China will need time to recover before beginning purchases agreed to as part of Phase 1 of the trade agreement has added to demand woes in the corn and soybean markets. Soybean products have also felt the pressure closing out the week with sharp losses. Wheat futures have come under some pressure as well, but firmer foreign wheat prices and declining winter wheat conditions likely helped to limit selling pressure.
13 December 2019
In this issue, corn export demand hurt by lower supplies and strong competition from South America and Ukraine. U.S. wheat plantings expected to see modest rebound in 2020 despite lower price ideas before gradually improving. 2020 soybean plantings seen rebounding to 83.5 million acres, to reach 84.5 million by 2023. Texas cotton production losses limiting output to 20.2 million bales and much more.
02 December 2019
This is the last Doane Advisory Services' Crop Weather Update for 2019. Corn harvest is still not to 90%, which is typically at 96%-97% nationally at the beginning of December. Cotton harvest is above where it should be as producers make their way through the huge Texas crop. Soybean harvest is almost complete except for a couple northern states where winter weather has hit early and hard this year. The next Crop/Weather Update will not be until Spring 2020.
25 November 2019
In this issue, corn harvest is still behind, so much so that the USDA will be releasing Crop Progress Reports into December this year. Soybean harvest also had an extra report week and is at 94% complete. Cotton harvest is on schedule. Winter wheat condition is the same as last week. Three weather maps are included to inform on forecasted precipitation and temperatures.
18 February 2020
In this issue, the coronavirus threat is affecting markets and creating worries over China's fulfillment of the Phase 1 trade deal. The Cattle on Feed Report estimated the largest inventory of cattle January 1 on lots since 2007. USDA’s Economic Research Service (ERS) anticipates that net farm income will likely increase $3.1 billion (3.3%) to $96.7 billion in 2020 and much more.
15 January 2020
In this issue, China and the U.S. sign the phase one deal today. The View From Here is "The Commodity Markets May Be Coming Back." USMCA should be passed by the Senate today or tomorrow. USDA is thinking about holding the last MFP 2 payment to see how the markets react to the signing of the phase one deal with China.
16 December 2019
In this issue, soybeans rallied ahead of the Phase 1 trade pact between the U.S. and China, with improved Chinese buying giving prices a boost as well. Cattlemen seemed to slow their marketings in late fall. That probably won’t hurt short-term price prospects, but it raises concerns about the mid-2020 outlook. Japan’s parliament also accepted the bilateral U.S.-Japan trade deal. That accord now seems set for short-term implementation. The View From Here article is "Farmers Are More Confident About Farmland Values."
18 February 2020
In this issue, NOPA reported that members crushed 176.9 million bushels in January. This was the strongest monthly figure on record exceeding the previous record of 175.4 million bushels crushed last October. The monthly figure was well above both Doane’s and the average of the trade’s expectations. Members produced 2.035 billion lbs. of soybean oil in the month, versus 2.012 billion lbs. in December and 1.993 million lbs. produced last year. This pegged an oil yield of 11.50 lbs. per bushel.
11 February 2020
In this issue, ahead of USDA's reports, corn futures were trading 1 to 2 cents lower, soybeans were 2 to 3 cents lower, winter wheat futures were 2 to 4 cents lower, spring wheat futures were 1-plus cents lower and cotton futures were 25 to 30 points higher. Going into the last hour of trading, corn and soybean futures prices were roughly in line with the pre report prices. Wheat prices were decidedly lower, losing upwards of 10 cents in Chicago soft red contracts and 3-4 cents lower in the hard wheat futures. Cotton prices remained on the positive side, but just barely holding onto gains of a few points.
10 February 2020
In this issue, the coronavirus continued spreading through China and in other places around the world, but the markets mostly recovered their footing last week after reacting badly the week prior. Accelerating South American soybean production and significantly lower Brazilian prices remain a major deterrent to U.S. soybean rallies. Despite some renewed firmness in global wheat quotes, U.S. wheat sales proved relatively weak and much more.
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