*Note: Amanda is out of the office today and will return Monday, May 15*
The May World Agriculture Supply and Demand Estimates (WASDE) released by the USDA failed to move the needle appreciably on most commodity prices. Corn and soybean planting estimates matched the planting surveys done back in March.
Soybean acreage of 87.5 million acres is largely unchanged from last season. Record high soybean plantings are expected to be seen in Illinois, Nebraska, New York, Ohio, and Wisconsin, according to the National Agricultural Statistics Service (NASS).
Corn acreage of 92 million is four percent above 88.6 million acres planted for the 2022/23 crop season. The largest increase is expected in North Dakota, where producers intend to plant 800,000 more acres than in 2022, according to NASS. Also of note is the planted area of corn in Arizona and Idaho, which will be the largest on record if planting…
01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...