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Daily Research
April Cattle on Feed
7 days ago
The April Cattle on Feed report is viewed as supportive relative to expectations. NASS reported that the feedlot placement was at 88% of a year ago vs. expectations of 93%, falling 107,000 head short of estimates. The April 1 feedlot inventory was 101% of last year as packers maintained light…
Argentine Corn Yield Discussion
8 days ago
The USDA and Argentine agencies remain at odds over Argentina’s 2024 corn production, and discrepancies may get wider. There are periods in which USDA opts not to adopt CONAB’s Brazilian production numbers, but the current 5.5 MMT (215 Mil Bu) spread in Argentina is unusual. The Buenos Aires Grain Exchange…
Brazilian Soy Crop Estimates: USDA…
9 days ago
The difference between the USDA and Brazilian soybean crop estimates widened in April. The USDA steadfastly held onto a 155 MMT crop estimate, while CONAB slightly lowered its estimate to 146.5 MMTs. The graphic plots the historical differences in monthly crop estimates between the USDA and CONAB. Since 2007/08, the…
Topics of the week
Monday
N/A Markets Closed
Tuesday
June 1 US Soybean Stocks Estimate
Wednesday
US Corn Yield Scenarios
Thursday
US Ethanol Market Update
Friday
Cattle on Feed