The US 2022 soybean growing season has come to a close with the weekly crop data supplied by USDA suggesting a modestly smaller crop than the August estimate. A model using the weekly good/excellent data from USDA forecasts a national average soybean yield of 50 bushels per harvested acre compared Read more…
The 2022 corn growing season has come to a close with the crop rated average based on data from the last thirty years. A model using the good-excellent rating for 8/28/2022 suggests a US national average corn yield of 174 bushels/harvested acre compared the USDA’s August estimate of 175.4 bushels. Read more…
December hogs are trading low on December corn based on historical data from 1997 through 2021.The current December hog/corn ratio reflects the deep discount for December Hogs compared to deliverable cash hogs. The market will likely correct the discrepancy by boosting hog values. There is also a seasonal tendency for Read more…
This week USDA assigned 59% of the US soybean crop in good or excellent condition which is slightly below both the previous week and previous year’s level. A regression study using weekly soybean crop data for the years 1985 through 2021 suggests a national average soybean yield of 49.5 bushels Read more…