NOAA Seasonal Drought Outlook – July, Aug., Sept. Jun 18, 2021

🕔Jun 18, 2021
Hot, dry weather continued to exacerbate drought conditions across the West, where close to 90 percent of the Western Climate Region is currently experiencing drought conditions, and more than 50 […]

USDA Reminds Producers to File Crop Acreage Reports Jun 18, 2021

🕔Jun 18, 2021
Agricultural producers who have not yet completed their crop acreage reports after planting should make an appointment with their local Farm Service Agency (FSA) office before the applicable deadline. July 15 is […]

Global Markets: Cotton – Strong Chinese Consumption, State Reserve Demand Drive Imports to 7-Year High Jun 18, 2021

🕔Jun 18, 2021
China’s 2020/21 imports are forecast at a 7-year high, driven by the highest projected consumption in 3 years, robust State Reserve (SR) imports, and attractive prices for imported cotton relative […]

Global Markets: Rice – Philippines Lowers Import Tariff with Potential to Diversify Suppliers Jun 18, 2021

🕔Jun 18, 2021
The Philippines is expected to be the second-largest importer in 2021, and recently announced a change to its import tariffs that has the potential to shift its suppliers. In February […]

Global Markets: Wheat – Russian Export Policies Shift Timing of Shipments Jun 18, 2021

🕔Jun 18, 2021
Russia is the world’s largest wheat exporter but amid concerns about domestic inflation, the government has been enacting policies affecting trade. In February, a new export quota of 17.5 million […]

Global Markets: Coarse Grains – U.S. Corn Exports at New High for 2020/21 Jun 18, 2021

🕔Jun 18, 2021
The global corn market is supplied primarily by four countries – Argentina, Brazil, Ukraine, and the United States. Combined, these countries account for nearly 90 percent of global exports. This […]

Global Markets: Oilseeds – Rebound in Chinese Demand Adds to Price Strength Jun 18, 2021

🕔Jun 18, 2021
Oilseed prices have risen dramatically over the past year, mirroring gains in corn and other grains over this period. While tight supplies precipitated by production shortfalls in corn and oilseeds […]

Georgia Peanuts: Early to Mid-Season Irrigation Jun 18, 2021

🕔Jun 18, 2021
Similar to May of 2019 which was very hot and dry, we had some very hot and dry weather during May of 2021, dry enough that we had to apply […]

Rice Market Update: Iraq Changes Procurement Procedures Jun 18, 2021

🕔Jun 18, 2021
Challenges abound in production for the domestic market, and for shipping logistics in the export market. For long grain in the south, non-stop rains and cloudy weather are drowning the rice […]

Corn, Soybeans: Chances of Lower Harvest Revenues in 2021 Jun 18, 2021

🕔Jun 18, 2021
The harvest-time futures contracts for corn and soybeans continue to trade at levels well above those experienced since 2013.  In a recent article (farmdoc daily, May 11, 2021), we used the farmdoc Price […]

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