Ag Insight Weekly

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    Ag Insight Weekly November 15, 2019

    Ag Insight Weekly November 15, 2019

    15 November 2019

    In this issue, "Long-term Implications of U.S./China Trade War," "Market Focus Has Shifted to Demand," and "Palm Oil Market Supported by Tightening Outlook."

    Ag Insight Weekly November 8, 2019

    Ag Insight Weekly November 8, 2019

    08 November 2019

    In this issue, "Winter Wheat Ratings Point to Above-Average Start," "Vigorous Cheese Demand is Boosting the Dairy Complex," and "USDA’s Long-Term Projections."

    Ag Insight Weekly November 1, 2019

    Ag Insight Weekly November 1, 2019

    01 November 2019

    In this issue, "Holiday Supplies of Turkeys and Ham Again Look Quite Adequate," "Farmers, LandOwners look for Stable Land Values and Cash Rents," and "Propane Availability Becomes a Concern."  

    Commodity Digest

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    Commodity Digest November 15, 2019

    Commodity Digest November 15, 2019

    15 November 2019

    In this issue, corn export sales pace remains depressed. No concrete news on the China/U.S. trade negotiations. Record NOPA crush supports Doane’s larger crush forecast. For soymeal, strong weekly sales, shipments reported by FAS weekly data. Uncertainty remains as to how many U.S. winter wheat acres remain unplanted.  

    Commodity Digest November 8, 2019

    Commodity Digest November 8, 2019

    09 November 2019

    In this issue, USDA lowers corn yield and production forecasts. Little change to the soybean production outlooks. Palm oil market remained supportive ahead of October MPOB data. Nov. WASDE changes offsetting for soybean meal balance sheet. The cut to U.S. spring wheat output tops Doane’s expectations.

    Commodity Digest 11-01-2019

    Commodity Digest 11-01-2019

    01 November 2019

    In this issue, ethanol and corn export trends remain demand bearish. There are hints of progress on resolving the China/US trade dispute. Rallying palm oil prices buoy soybean oil futures. NASS pegs 2018/19 soybean meal carryout above Doane’s expectations at 402,000 tons. Initial U.S. winter wheat conditions top 10-year average.  

    Quarterly Crop

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    Quarterly Crop Report September 2019

    Quarterly Crop Report September 2019

    24 September 2019

    In this issue, corn plantings were higher than expected with the wet planting season. Wheat supplies are at burdensome levels. U.S./China trade war is still affecting soybean farmers. Cotton prices have crumbled with the high amount of production and stocks outlook.

    International Ag

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    International Report November 2019

    International Report November 2019

    08 November 2019

    In this issue, global trends and historical data are discussed for corn, soybeans, cotton, rice and wheat, and forecasts are included for the next 10 years. Of course, the "trade war" with China is a big factor for many of the crops today and the forecasts for the next 10 years, affecting more than just the U.S. and China. At the time of publishing, the trade war had not been resolved, but Phase One has been discussed with plans in the works for the leaders to sign. Other factors besides the trade situation affect the forecasts, such as the Asian Growth Center of China, India, Other Asia and East Asia accounting for over half of the world population. The area consists of extreme poverty that is enjoying economic growth, which is very important for commodity consumption, but especially food products. African Swine Fever is still a problem for many countries until a vaccine is discovered.

    Crop Weather

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    Crop Weather Report November 18, 2019

    Crop Weather Report November 18, 2019

    18 November 2019

    In this issue, U.S. producers are working hard to finish harvesting corn, soybeans and cotton. Cotton is close to the 10-year average and much above last year. Soybean farmers have played catch-up this year and are equal to last year's rate. However, the story for corn farmers is not as good. Harvest completion rates are still way behind. Winter wheat plantings are on track but conditions are lower than usual. 

    CROP WEATHER REPORT NOVEMBER 12, 2019

    CROP WEATHER REPORT NOVEMBER 12, 2019

    12 November 2019

    Limited bouts of precipitation helped to bolster a good week of harvest activity across much of the U.S. Midwest in the first full week of November. Famers were able to collect good portions of the 2019 corn, cotton and soybean crops while 2020 winter wheat seedings inched along. The surprise this week was the larger-than-expected decline in U.S. winter wheat conditions which slipped three percentage points in the G/E categories. Mostly open weather in the week ahead should help to promote another week of good harvest activity across the Midwest especially later in the week. 

    Crop Weather Report November 4, 2019

    Crop Weather Report November 4, 2019

    04 November 2019

    In this issue, corn harvest is much below where it needs to be at this time of year, and winter weather is headed its way for much of the growing area--again for some places. Corn condition is unchanged from last week, but still way below average. Cotton harvest is at a good pace this year. Soybean harvest is behind its average and last year, but not as much as corn. Winter wheat planting is right at its 10-year-average rate, and condition is above average. There is some snow forecast for northern states this week. 

    News to Use

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    NEWS 2 USE NOVEMBER 2019

    NEWS 2 USE NOVEMBER 2019

    13 November 2019

    In this issue, adverse weather conditions have resulted in 2019 U.S. summer crop harvests progressing in fits and starts this fall while also leading to some early concerns for the planting and emergence of the 2020 U.S. winter wheat crop. USDA has moved somewhat lower with its latest estimate of the 2019 U.S. corn crop, while the agency maintained its previous soybean projection in the November WASDE report. In addition to offering some guidance to the 2019/20 crop, USDA also published an early glimpse at its 10-year projections out to 2029/30. One key market driver at the forefront of the trade is the ongoing trade talks between the U.S. and China, and it appears that there are still some hurdles that need to be cleared before both sides will seal a preliminary agreement in ink. Cattle prices have surged following their dive in August as holiday demand approaches.

    News 2 Use October 2019

    News 2 Use October 2019

    16 October 2019

    In this issue, China and the U.S. are making some progress on the trade front. In early October, the USDA and EPA announced plans to tackle the RFS issue together. Dipping production forecasts and a big cold/snow event over the upper Midwest in mid-October enabled the corn market to turn higher. The September USDA Hogs & Pigs report indicated hog and pork supplies will be quite plentiful (+5% annually) through autumn, although the data suggest slower herd expansion next year. 

    News 2 Use September 2019

    News 2 Use September 2019

    18 September 2019

    In this issue, the beef packing industry has enjoyed huge profits since the August 9 fire. The industry has sustained active kill rates, which has greatly mitigated ideas of a cattle industry crisis. The U.S. and China cooled their trade rhetoric in early September, thereby giving rise to hopes for a trade deal at some point in the near future. Corn and wheat futures followed soybeans higher despite flat to higher supply totals. The SRW and cotton markets also broke out above major resistance.

    Ag News Weekly

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    Ag News Weekly November 15, 2019

    Ag News Weekly November 15, 2019

    15 November 2019

    In this issue, poor demand continues weighing on corn, which is dragging on beans and wheat as well. The soft markets are showing signs of strength. Farm incomes are clearly suffering from low prices and the trade war. U.S.-China trade negotiations are ongoing. Progress seems slow.

    Ag News Weekly November 8, 2019

    Ag News Weekly November 8, 2019

    08 November 2019

    In this issue, weak demand undercut corn this week, while trade news supported soybeans. Copper seemed to follow the equity markets higher. China’s pork imports may not peak until 2022. The U.S. and China are apparently very close to a partial trade deal.

    Ag News Weekly November 1, 2019

    Ag News Weekly November 1, 2019

    01 November 2019

    In this issue, tightening basis levels enabled the corn and soybean markets to firm. Cattle continued rallying while the hog market remained seasonally weak. The Fed cut U.S. interest rates again Wednesday, which depressed the dollar. Chile cancelled the upcoming summit, complicating a Trump-Xi meeting on trade. 

    Updates Bulletins

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    Weekly Review and Outlook for November 18, 2019

    Weekly Review and Outlook for November 18, 2019

    18 November 2019

    In this issue, corn, soybean, and wheat trends shift toward bearish in the short-term. The corn market remained weak during much of last week. U.S. soybean sales to China have accelerated lately. Cotton futures remained within a tight range last week and much more! 

    NOPA Report November 15, 2019

    NOPA Report November 15, 2019

    15 November 2019

    NOPA reported that members crushed a new record of 175.4 million bushels of soybeans in October. The October results were slightly above the high end of all published trade guesses. Members produced 2.030 billion lbs. of soybean oil in the month, versus 1.809 billion lbs. produced in September and above 2.017 billion lbs. produced last year. The report pegged the monthly oil yield at 11.59 lbs. per bushel, which was off 0.29 lbs. per bushel from 11.86 lbs. in September. NOPA members produced 4.115 million tons of soybean meal. This calculates to a meal yield of 46.92 lbs. per bushel, up 0.04 lbs. from September. Finally, members’ soybean oil stocks on hand at the end of October still slipped nearly 19 million lbs. from September as implied consumption offset larger supplies.

    Weekly Review and Outlook for November 11, 2019

    Weekly Review and Outlook for November 11, 2019

    11 November 2019

    In this issue, chart trend update shows that trends are mostly remained unchanged from last week. Many ag markets were affected by the WASDE Report released on Friday morning. Examples of this include: the Friday USDA reports provided belated support for corn before the weekend; and the U.S. and China apparently built momentum toward a partial trade agreement in late October and early November, which provided considerable support for soybean futures. But the market stalled when the USDA didn’t cut its crop estimate Friday.

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