NAFTA Crop Protection BLOG

The corn data is a complete shocker. To offer perspective, the acreage figure is roughly 4 mil higher than many believed would be possible. This represents 600 mil bushels! This is more than half of pre-report expectations of new-crop carryout! Without a weather problem, traders will be seeking to redefine "big picture" downside ...

*At 7:30 USDA released the following Acreage and Stocks data: Quarterly Stocks: Corn= 4.266, vs estimates of 4.19 bil avg, range= 4.064-4.321, 2008= 4.028 Soybeans= 597 mil, vs estimates of 566 mil avg, range= 559-620, 2008= 676 Wheat= 667 mil, vs estimates of 670 mil avg, range= 640-687, 2008= 306 Acreage: Corn= 87.035 mil vs estimates of 84.158 ...

Sunday Night Grain Outlook By Duane Lowry Sunday, April 19, 2009 OPENING CALL: Corn= 1-2 lower,     Wheat= steady-easier,     Soybeans= 3-5 lower. Weather finds a general theme from private forecasters that will lead to favorable/timely spring planting opportunities during the next two weeks. The NWS 6-14 ...

Sunday Night Grain Outlook By Duane Lowry Sunday, March 29, 2009 OPENING CALL: Corn= 1-2 higher,     Wheat= steady-better,     Soybeans= steady. Weather offers a wet theme for the US Midwest during the 6-15 day period. The US Plains also has a wet forecast theme for the period. Expect traders to begin ...

USDA said this afternoon that they will not allow any CRP to be released early without penalty. They indicated they are no longer as concerned about US corn and soybean conditions as they were once. They also indicated the market is doing its job and does not need the influence of such an action to satisfy supply requirements. This will quickly ...

*USDA Acreage and Quarterly Stocks data released this morning: Acreage> Corn= 87.327, vs estimates of 85.676 avg, range= 83.5-87.399, March USDA= 86.014, 2007= 93.6 ***Harvested acreage= 78.94 mil, vs 78.8 in last USDA report. Soybeans= 74.533, vs 74.360 avg, range= 72.0-76.0, March USDA= 74.793, 2007= 63.631 ***Harvested acreage= 72.1, vs 73.8 ...

The WSJ carried articles today discussing the difficulties facing grain elevators attempting to cope with rising financial needs to conduct routine business, due to price volatility, margin calls, interest expense, credit limits, etc. The fact is there are many problems/issues/concerns that are very intertwined. Futures brokers are worried that ...

Sunday Night Grain Outlook By Duane Lowry Sunday, March 2, 2008 OPENING CALL: Corn= steady-better,     Wheat= steady-better,     Soybeans= steady-better. Weather provided solid and beneficial rains to southern Brazil. Some concern will continue for northern regions where ample rain opportunities exist. ...

Highlights from this morning’s release of USDA Outlook Forum data> Corn: Yield= 154.9, Production= 12.81, 08/09 Carryout= 1.243. Exports pegged at 2.15 bil, down 300 mil from the current projection for old-crop exports. Corn used for ethanol= 4.1 bil, up from the current old-crop usage projection of 3.2 bil bushels. Soybeans: Yield= ...

**USDA Outlook Forum Highlights released today: *Total US acreage for 8 major crops is expected to increase 6.8 mil in 2008. This is a larger jump than the market has been digesting. *USDA says world 2008 wheat production will jump 48-58 mmt from last year. *USDA says renewable fuels boost food prices, but is an important industry. The industry ...