Reduced Corn and Soybean Acreage Sends Grains Higher
The USDA released their highly anticipated June Acreage and Quarterly Grain Stocks Reports this afternoon. The USDA pegged corn and soybean acreage at 175.8 million acres versus its March estimate of 180.5 million. Corn acreage was just over 92 million, well below the 96.99 million from the USDA March estimate. Soybean acreage is seen at 83.82 million versus the March estimate of 83.51 million. Somewhere along the way, the Ag community seems to have misplaced about five million acres of production.
The reduction in corn planting pushed December corn futures 15.75 cents per bushel higher. The acreage reduction could lead to a balance sheet decline of close to a half bushel per acre. The weekly…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...