SOYBEANS SOYBEANS ’23/’24 Est USDA ’24/’25 Est ’25/’26 Proj September Million Acres Area Planted 83.6 87.1 81.1 Area Harvested 82.3 86.1 80.3 Bushels Yield per Harvested Acre 50.6 50.7 53.5 Million Bushels Beginning Stock 264 342 330 Production 4,162 4,366 4,301 Imports 21 27 20 Supply, Total 4,447 4,736 4,651 Crushings 2,285 2,430 2,555 Exports 1,700 …
WRT World Agricultural Supply and Demand September 28
SOYBEANS SOYBEANS ’23/’24 Est USDA ’24/’25 Est ’25/’26 Proj September Million Acres Area Planted 83.6 87.1 81.1 Area Harvested 82.3 86.1 80.3 Bushels Yield per Harvested Acre 50.6 50.7 53.5 Million Bushels Beginning Stock 264 342 330 Production 4,162 4,366 4,301 Imports 21 27 20 Supply, Total 4,447 4,736 4,651 Crushings 2,285 2,430 2,555 Exports …
WRT World Agricultural Supply and Demand September 21
SOYBEANS SOYBEANS ’23/’24 Est USDA ’24/’25 Est ’25/’26 Proj September Million Acres Area Planted 83.6 87.1 81.1 Area Harvested 82.3 86.1 80.3 Bushels Yield per Harvested Acre 50.6 50.7 53.5 Million Bushels Beginning Stock 264 342 330 Production 4,162 4,366 4,301 Imports 21 27 20 Supply, Total 4,447 4,736 4,651 Crushings 2,285 2,430 2,555 Exports 1,700 …
Soy Commentary
Commentary: The beans and meal were both under pressure. The reality of the market is an ample global supply of beans. The domestic carry is ample. The question is will bean acres remain constant. The planting pace is quick thus far. This looks true for both beans and corn. The Chinese are due in for US beans. The Brazilian dominated …
Soy Commentary
Commentary: Some general thoughts given the surreal environment we are navigating. The fundamentals of each market will dictate the price discovery. However it may be of value to consider how quickly the perceived fundamentals can change. Especially given the fact that approx 3 Trillion dollars have been and is in the process of being moved into the economy in one form …
Soy Commentary
Commentary: The beans were up today following some strength in outside markets. In addition the Chinese made a purchase of 200t tn. This proved to get a bit of excitement going that the Chinese would continue to follow through on the trade agreement. It seems logical that given the covid they have much more reason to follow through on any agreements …
Soy & Corn Commentary
Commentary: Today was an historic day in some sense. The crude traded down to negative $40. Yes that is correct a negative. The situation dictating someone will get paid to essentially take the crude. This has ramifications on the global structure of many commodities. The long term scenario needs to be digested as rash decisions are not advised at present. …
Soy Commentary
Commentary: The beans remain mid range of the last months trade. The fundamentals are not overly friendly given the global carry. However, the domestic numbers have been supportive. It is possible the Chinese start buying US beans going forward. The Brazilian has dominated over the last couple of months. This month as well. The pace is not sustainable with production …
Soy Update
Commentary: The soybeans were steady overall. The bean oil was the leader to the upside. The USDA will release the supply and demand on Thursday. There are a couple considerations at present besides the report. The Argentinian, and now the Brazilian producers are having difficulty both moving and harvesting this years production. The interior in some areas is locked down …
Soy Update
Commentary: The soy found support today with some global support. The USDA will release the supply and demand Thursday. The expectation is for a slight reduction in soy stocks. If realized this could be a bit supportive in the near term. The carry around 400 at present would be deemed manageable. If this transpires the beans could witness a rally …