Commodity Digest

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    COMMODITY DIGEST July 31, 2020

    COMMODITY DIGEST July 31, 2020

    31 July 2020

    Corn and soybean prices were under pressure this week from improving crop conditions. Weather outlooks were favorable. China made additional large purchases. Soy oil gained on news of large use for biodiesel in May.

    COMMODITY DIGEST July 24, 2020

    COMMODITY DIGEST July 24, 2020

    24 July 2020

    Chinese buying of soybeans and corn provides some support, whereas favorable crop conditions are bearish. Wheat gaining value from export demand for soft red winter. 

    COMMODITY DIGEST July 17, 2020

    COMMODITY DIGEST July 17, 2020

    17 July 2020

    Major factors moving crop prices over the past week included the actual and forecast weather, Chinese buying of major amounts of corn and soybeans, the monthly NOPA crush report, and the Trump Administrations' rhetoric against China. 

    Quarterly Crop

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    CROPS - Quarterly Economic Forecast July 2020

    CROPS - Quarterly Economic Forecast July 2020

    30 July 2020

    Corn and soybean yield prospects appeared to be very strong as crops headed into their reproductive stages. Wheat harvesting is well along with moderately favorable prospects for yields. Cotton production is about average. All crops are impacted by the COVID-19 pandemic. Global supplies are abundant. China is buying US agricultural products under the Phase One trade agreement. We lay out our latest supply/demand forecasts and views for planted acres out to 2024/25.

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