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USDA Too Optimistic on Ohio?? Monster Crops in South Dakota (Crop Tour)
Manage episode 501186630 series 2864038
Joe's Premium Subscription: www.standardgrain.com
Grain Markets and Other Stuff Links-
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YouTube
Futures and options trading involves risk of loss and is not suitable for everyone.
0:00 Ohio and SD Tour Findings
4:36 Brazilian Corn is Expensive?
7:18 USDA Solar/Wind Funding
11:12 Crop Conditions/Progress
13:49 Big Russian Wheat Crop
14:33 Grain Shipments
š½ Welcome back! Today weāre breaking down the latest Pro Farmer Crop Tour results, fresh updates from Brazil, big USDA policy news, and the latest on US crop conditions and exports.
š¾ Pro Farmer Crop Tour Findings
š South Dakota: Corn yield pegged at 174.2 bpa, up 11% from last year and 21% above the 3-year avg. Soybean pods up 16%. Scouts very impressedāample summer moisture means record yields possible.
š± Ohio: Corn yield estimated at 185.7 bpa, a new record, +1.3% vs last year and +2.9% vs 3-year avg. Soybean pods up 4.7%, but scouts found huge variability due to early/late planting, spring replanting, and summer dryness.
š§š· Brazil Crop Update
š½ Second corn harvest 94% complete (AgRural).
š Conab raised total corn crop estimate to 137 mmt, USDA steady at 132 mmt.
š± New 25/26 crop planting 1.6% complete, well ahead of last year.
š¢ Despite big supply, Brazilian corn is $13/ton (33Ā¢/bu) more expensive than US corn on export markets.
ā” USDA Ends Wind & Solar Support
š USDA Sec. Brooke Rollins announced the end of wind/solar support on farmland.
š USDA argued such projects threaten future farming & food security.
š° Until now, USDA pumped billions into renewables.
š¾ Only 0.5% of farmland was used for turbines/solarāand most stayed in production.
š½ US Crop Conditions
Corn rated 71% G/E (down slightly, still 2nd highest in 10 years).
Soybeans steady at 68% G/E, well above average.
šØ Weak spots: OH, MI, KY, IL.
Corn 3% mature, beans 82% setting pods.
š¾ Wheat Update
Spring wheat 50% G/E (up, but well below avg).
Harvest is 36% complete; winter wheat 94% done.
š Russia raised wheat crop outlook to 85.5 mmt with exports at 42.5 mmt.
š¢ Exports & Sales
Corn exports: 1.1 mmt (down sharply vs last week/year).
Soybeans: 474k mt, mixed but stronger vs last year.
Wheat: 395k mt, near low end.
š¢ Flash sale: 124k mt corn sold to unknown buyers for 25/26.
Donāt forget to like š, subscribe š, and comment š¬ with your thoughts on the Crop Tour resultsādo you think South Dakota will set a new record this year?
1526 episodes
Manage episode 501186630 series 2864038
Joe's Premium Subscription: www.standardgrain.com
Grain Markets and Other Stuff Links-
Apple Podcasts
Spotify
TikTok
YouTube
Futures and options trading involves risk of loss and is not suitable for everyone.
0:00 Ohio and SD Tour Findings
4:36 Brazilian Corn is Expensive?
7:18 USDA Solar/Wind Funding
11:12 Crop Conditions/Progress
13:49 Big Russian Wheat Crop
14:33 Grain Shipments
š½ Welcome back! Today weāre breaking down the latest Pro Farmer Crop Tour results, fresh updates from Brazil, big USDA policy news, and the latest on US crop conditions and exports.
š¾ Pro Farmer Crop Tour Findings
š South Dakota: Corn yield pegged at 174.2 bpa, up 11% from last year and 21% above the 3-year avg. Soybean pods up 16%. Scouts very impressedāample summer moisture means record yields possible.
š± Ohio: Corn yield estimated at 185.7 bpa, a new record, +1.3% vs last year and +2.9% vs 3-year avg. Soybean pods up 4.7%, but scouts found huge variability due to early/late planting, spring replanting, and summer dryness.
š§š· Brazil Crop Update
š½ Second corn harvest 94% complete (AgRural).
š Conab raised total corn crop estimate to 137 mmt, USDA steady at 132 mmt.
š± New 25/26 crop planting 1.6% complete, well ahead of last year.
š¢ Despite big supply, Brazilian corn is $13/ton (33Ā¢/bu) more expensive than US corn on export markets.
ā” USDA Ends Wind & Solar Support
š USDA Sec. Brooke Rollins announced the end of wind/solar support on farmland.
š USDA argued such projects threaten future farming & food security.
š° Until now, USDA pumped billions into renewables.
š¾ Only 0.5% of farmland was used for turbines/solarāand most stayed in production.
š½ US Crop Conditions
Corn rated 71% G/E (down slightly, still 2nd highest in 10 years).
Soybeans steady at 68% G/E, well above average.
šØ Weak spots: OH, MI, KY, IL.
Corn 3% mature, beans 82% setting pods.
š¾ Wheat Update
Spring wheat 50% G/E (up, but well below avg).
Harvest is 36% complete; winter wheat 94% done.
š Russia raised wheat crop outlook to 85.5 mmt with exports at 42.5 mmt.
š¢ Exports & Sales
Corn exports: 1.1 mmt (down sharply vs last week/year).
Soybeans: 474k mt, mixed but stronger vs last year.
Wheat: 395k mt, near low end.
š¢ Flash sale: 124k mt corn sold to unknown buyers for 25/26.
Donāt forget to like š, subscribe š, and comment š¬ with your thoughts on the Crop Tour resultsādo you think South Dakota will set a new record this year?
1526 episodes
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