USDA rated 59% of the US soybean crop in good or excellent condition as of 07/24/2022 which is slightly under the 60% same week average for the previous 30 years. The historical crop index – soybean yield association would suggest a US national average soybean yield in 2022 of 49 Read more
The USDA reported 61% of the national corn crop in good or excellent condition on 07/24/2022 which is 3 points less than the previous 30-year average. A regression model using data on trend and the condition index forecasts the national average yield at 177 bushels per harvested acre which is Read more
Cattle feedlot managers sharply curtailed feeder cattle placements last month while increasing finished cattle sales. The number of cattle on feed July 1 remained fractionally larger than a year ago. High feed costs have discouraged cattle placements this year despite finished cattle returns in the upper end of the recent Read more
This week 71 % of the US spring wheat crop is in good or excellent condition which compares to just 11% in the same week a year ago the 25-year average of 63%. A model based on the mid July rating and trend suggests a national average spring wheat yield Read more
USDA rated 61% of the US soybean crop in good or excellent condition on July 17 which is close to the long term average. A model using the crop index and trend to project the national US soybean yield calculates the 2022 crop at 50.4 bushels per harvested acre which Read more
The accompanying scatter studies display the harvest high and low for December corn as a function of the US corn supply minus FSI and exports per GCAU (grain consuming animal units). The data is as expressed by USDA during harvest. The point for 2022/2023, marked in red as 2022, is Read more
USDA rated 64% of the US corn crop in good or excellent condition as of July 10, compared to the average 67% rating in the second week of July in the years 1985 through 2021. A rating of 64% is associated with a national average corn yield of 177 bushels Read more
US new crop wheat carryout stocks aren’t likely to vary much from the just completed crop year. The June Acreage report combined with the crop condition reports of late June suggest a total US wheat crop in 2022 of 1.78 billion bushels compared to the 1.65 billion bushel crop harvested Read more
USDA’s June acreage survey found two million plus fewer soybean acres than was forecast by the March Report. Assuming the USDA’s trend yield projection, the 88 million acres planted (87 million harvested) to soybeans would produce a crop of 4.5 billion bushels compared to the 4.4 billion bushels harvested in Read more