Grain Crushings Grain Crushings Soybeans Crush: 6,393,408 Tons (▼2.0% MoM, ▲4.6% YoY) Soyoil Stocks: 2.315 Billion Pounds (▼5.0% MoM, ▲23.4% YoY) Biofuel Demand (inedible use): 690,228,000 lbs (▲0.5% MoM) Analysis May’s grain crushings came in strong at 523.7M bushels, a 9% bounce from April’s seasonal lull and 5% above last…
Briefing
USDA Fats & Oils
USDA Fats & Oils Fats & Oils Soybeans Crush: 6,393,408 Tons (▼2.0% MoM, ▲4.6% YoY) Soyoil Stocks: 2.315 Billion Pounds (▼5.0% MoM, ▲23.4% YoY) Biofuel Demand (inedible use): 690,228,000 lbs (▲0.5% MoM) Analysis Soyoil stocks fell for the third straight month, dropping to 2.315 billion pounds from a revised 2.436…
Ethanol Production
Ethanol Production Ethanol Production Production: 1.117 mb/dayWeekly Total: 7.819 mil bblStocks: 24.690 mil bblCorn Used: 111.25 vs 98.76 needed Analysis Production surged to 1.117 mb/day, a new seasonal high for this week of the year and up 3.8% from year ago levels. Stocks built modestly to 24.690M barrels. Corn rallied…
EIA Energy Stocks
EIA Energy Stocks Energy Stocks Refinery Rate: 96.6% 🛢 Crude Oil: 408.4M ▼ 3.7M wk | -10.6M yr ⛽ Gasoline: 214.0M ▼ 2.3M wk | -18.1M yr 🔥 Distillate: 108.6M ▲ 2.5M wk | +5.0M yr 🏭 ULSD: 98.2M ▲ 2.5M wk | +3.2M yr Analysis Crude and gasoline both…
ANNUAL Planting Acreage
ANNUAL Planting Acreage Annual Planting Acreage Planted Acres (Million): 🌽 Corn: 95.3M (▼3% yr) 🌱 Soybeans: 85.4M (▲5% yr) 🌾 All Wheat: 42.7M (▼6% yr) Harvested for Grain: 🌽 Corn: 87.4M (▼4%) 🌱 Soybeans: 84.4M (▲5%) 🌾 Wheat: 32.1M (▼14%) record low Analysis Wheat is the headline. Winter wheat harvested…
QUARTERLY Grain Stocks
QUARTERLY Grain Stocks Quarterly Grain Stocks 🌽 CornOn Farms: 2,959,100Off Farms: 2,335,728Total: 5,294,828 🌱 SoybeansOn Farms: 367,000Off Farms: 694,122Total: 1,061,122 🌾 WheatOn Farms: 177,094Off Farms: 743,018Total: 920,112 Analysis Corn stocks at 5.29 billion, up 14%, continue to reflect the heavy supply theme from last quarter. With Sep corn settling at…
USDA Crop Progress
USDA Crop Progress USDA Crop Progress 🌽 Corn G/E slips to 67% 🌱 Soybeans G/E at 65% 🌾 Winter Wheat G/E holds at 26% 🌾 Spring Wheat G/E jumps to 59% Analysis Bullish This afternoon’s USDA Crop Progress report showed corn conditions slipping 1 point to 67% good/excellent, now running…
Export Inspections
Export Inspections Export Inspections Soybeans🫘: 15.401 mbu Corn🌽: 70.318 mbu Wheat🌾: 13.163 mbu Analysis Bullish Total inspections rebounded 25.7% to 2.733M MT. Corn jumped 21.7% to 1.786M MT with Japan leading at 359K MT. The marketing year sits at 82.2% of USDA’s 3.3B bushel target, right on pace. July corn…
Reports This Week
Reports This Week Reports This Week (June 29–July 3) Big Week! Tuesday: Grain Stocks & Planted Acreage Wednesday: Fats & Oils and Grain Crushings Friday: Markets closed Previous Reports Archive Ready to open an account? Know someone who’d want these briefings?Share the Sign-Up Page Lakefront…
USDA Cattle & Hog Slaughter
USDA Cattle & Hog Slaughter USDA Weekly Slaughter Report 🐂 Cattle SlaughterHead: 537,000vs Year Ago: −4.3%vs 5 Yr Avg: −14.7% 🐖 Hog SlaughterHead: 2,371,000vs Year Ago: −0.8%vs 5 Yr Avg: +0.4% Analysis Estimated cattle slaughter came in at 537,000 head, running 14.7% below the five year average. Last week’s Cattle…
