Are Traders Wrong About the US Corn Crop?
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- Опубліковано 4 лип 2024
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🌾📊 Agricultural Update: Weather Trends, Crop Estimates, and Industry Movements 🌦️🌍
0:00 Holiday Hours
0:47 US Weather Update
1:38 Are Traders Wrong?
4:07 Russian Wheat Prices
6:17 Brazil Crop Update
7:22 Corn Flash Sale
7:54 Biofuel Problems
9:48 Tyson Beef
11:02 Govt Money
Welcome back to our channel for the latest insights into agricultural conditions, market movements, and industry changes. Let’s explore some key developments affecting the sector this week.
Rainfall and Temperature Forecasts
Recent weather patterns have brought beneficial rain to parts of Iowa, Wisconsin, northern Missouri, and eastern Nebraska, while early morning storms affected Missouri and Illinois. Over the next 5-10 days, variable rainfall is expected across the Corn Belt, with the western areas receiving more moisture compared to a drier eastern region. This divergence in weather conditions could impact crop development differently across these areas.
Global Wheat Market Dynamics
Russian wheat prices have recently declined due to unexpectedly good yields and minimal frost damage, contradicting earlier concerns about dry weather and frost. As a result, Russia remains a competitive player in the global wheat market, offering some of the cheapest wheat available, which could influence global pricing and export dynamics.
Brazil's Soybean Crop Forecast
The USDA's attaché in Brazil has revised down the soybean crop estimate to 150 million metric tons due to flooding and lower yields in various states. This adjustment is slightly lower than other predictions, indicating potential tightness in global soybean supplies, which could affect market prices and export volumes.
US Corn Sales and Biofuel Industry Challenges
A recent flash sale reported 100,000 metric tons of corn sold to Colombia, reflecting robust demand for US corn. However, the biofuel sector is facing challenges, with major companies like Shell and BP pausing expansion due to market downturns and technical issues. This slowdown highlights the volatility in the biofuel market and its dependency on stable government policies.
Tyson Foods Adjusts Antibiotic-Free Beef Offerings
Tyson Foods is scaling back its antibiotic-free beef products due to the high costs and market pressures from rising cattle prices. This strategic shift reflects broader industry trends where companies are reassessing product lines to balance consumer preferences with profitability.
Pandemic Flu Vaccine Development
The US government is investing in the development of a new pandemic flu vaccine, with Moderna receiving significant funding to target multiple influenza strains, including the bird flu viruses. This initiative is part of a broader effort to enhance public health preparedness against potential flu pandemics.
🔔 Stay Updated:
For more detailed insights into these developments, make sure to subscribe to our channel. We provide in-depth analysis to help you navigate the complexities of global agriculture and related industries.
💬 Join the Conversation:
What impact do you think the varied rainfall will have on crop yields in the Corn Belt? How do you view the adjustments in the biofuel market? Share your thoughts in the comments below. Your input is crucial as we discuss these evolving challenges and opportunities. - Розваги
More rain over night. Rain predicted for 5 out of the next 7 days. Corn is all over the place, from 2 inches high to waist high and from dark green to yellow and drowned out.. Still impossible to make dry hay. NE WI.
Rain gauge fingers are getting sore here in Southern Minnesota. Ordered a corn reel for this fall. Brace roots aren't, but 6 inches in the ground. Pulled a 4' corn plant out of the ground like it was a potted plant. Beans are gonna get fungal infections and die before pod fill. We're F**ked
So sorry to hear this. I have family that farms at Northwood near the border. I hope things get better and at least harvest conditions are better.
We could use some of that rain here.
Im in the same boat I’m certain there will be feilds that are close to zero this fall
Southern MN corn that is 2ft tall and yellow the first week of July will do well to yield slightly more than the drowned out areas, much less be good corn. And with the lack of heat it needs a frost later than normal as well. And no, the lime green corn isn't some new genetic breakthrough.Just a couple tips for the 70 mph crop evaluators.
Central Canadian prairie crop is behind. At least 10 days to 3 weeks behind depending on location and planting date. Some areas are excessively wet. Biggest concern is if we have an early fall frost. It would be devastating.
32" of rain since April 1 crops in the clay ground look terrible, sand is better, n.w. Ohio was the bullseye for heavy rain this spring.
If we don't get a rain in southern Ohio we're not going to have a crop
How dare you think that an American company values the shareholders more than the consumers. Never has happened and never will happen in this country
Nice sarcasm!
All corn hill ground in Missouri. Just got soaked. Record corn yield for Missouri.
My stuff looks good too (N.E. missouri) some clay hill some Misssissipi bottom
Theres alot of flooded acers in nebrasks. Corn is from tassel to no emerged that isn't good. I know we go off the usda no matter what but it's time they start getting accurate last year was wrong look at basis in places if u don't agree and this year is headed in the same direction.
I agree 100%. This magical on farm storage will one day disappear.
Just curious, why Columbia is getting corn from us with Brazil corn next door
2.4 inches east central wisconsin
US meat may be antibiotic free, but in future it is not going to be mRNA free these new shots are going to be everywhere in the livestock sphere, not a good direction imo.
Have a great weekend. Last night was a bust again for rain. I sit in that 90 region of your map. Starting to wonder about moisture here. Even as I sit 2.4" ahead on year, after 2 years of drought I think much has gone to recharge subsoil. .
South central Wisconsin. Corn is 7-9 feet tall. Beans are excellent where they didn’t get drowned out. We’ve had some decent heat. 16” of rain since the first of May. Got all the corn and beans planted by May 3rd.
Every field of mine in MN will trigger crop insurance at harvest... If it even black layers, which right now, the math and forecast says won't happen before killing frost. Planted in April, too cold and too wet ever since.
Is it a possibility, is it a possibility. I’m laughing pretty hard. Most of you traders have no idea how bad this crop is.
I'm not a trader, but thanks.
Corn looking good in south central South Dakota. Beans are tiny. Another inch predicted tonight
Australia had to cull 1.5 million Chickens due to bird flu.
Good morning! Could traders be wrong about corn crop??
They could be wrong about crop size but right on price??? Demand influences price also.
@@allengard796 Absolutely. Demand is a big problem. The market's job right now is to find additional demand....it's largely been unsuccessful to this point.
Yes. They're also wrong about old crop. We'll know more in the next couple months.
South central MN, there isnt a snowballs chance in hell of getting any where close to normal yeild, short yellow corn, beans are way behind. Its going to rough keep getting rain every few days and no heat probably 10 degrees below normal most days
Saw my first corn tassels in EC Iowa yesterday. Saw several more fields with the flag leaf spiking this morning. Crop development is in maximum overdrive here. What a difference a year makes.
nw central ohio, [we were in a moderate to almost severe drought. ] we had a couple recent small rains recently this last week. 1 of the particular late planted fields i've been watching , it's done. we had about 6/10 of a inch and this particular corn field rolled up and has never reopened. that field is done. its mid calf and tight as a cigar. if it ends up doing anything, it cant break 85 bushels being generous.
early planted beans look ok. on time planted beans the recent beans , with recent light showers are perking up a little bit. still bare spots inbetween plants and some areas still look xtremely thin. but we're seeing some branching earlier than normal. the late planted beans , that i know of, i havent driven that way recently. . the big guys that knocked the wheat off early arent double cropping. with the price of beans and cost of planting. its just not worth the risk.
last i heard the wheat contracted , was short quite a bit and havent seen any other standing fields in the area.
Won't happen because of wet areas you can't see
Crops prices are pathetic in Western Canada. Our costs are out of hand, like the Canadian guy posted a frost would be traumatic. The trade doesn’t give a rats azz what our operating cost are at.
Personal with crop insurance and hail insurance .. the white combine can come in the next 3 wks. I can make way more money with a hail storm. Pretty sad when a farmer has to hope for that.
Have a good long wk end guys, we just had ours.
Take a peak at the same IEM map from planting, say April 15th to current, that stretch since planting shows wet for large areas on the western corn belt
Yep.
I say bullshit. Predictions have nothing to do with actual rain fall.
@@debi5292 The EIM map is past weather, not a forecast.
Very dry in south central pa
The flooding in MN and NW IA cannot be downplayed. But out east dryness hasn’t hurt anything yet and where dryness during vegetative growth means big roots and shorter plant . Then you have above average our west where moisture is always needed. Looks like a good crop coming with that setup. Not blow it out the top, but trend absolutely.
In other words break the all time yield record by 5 bu/a (trend) with the #4 corn state pulling the average down.
For what its worth my corn is 100% good or excellent. 6 wks old and the best of it is 8 ft tall. 1-3% wet and knee high but still good population. In our corner o the world (North East MO) there is some corn/bean underwater but if its not, its looking good
Happy 4th. Enjoy .
Southern Minnesota we have a lot of drown out.
Good rain here in st Luis
N E Missouri 2.1 in
2.6" here
interesting and fantastic video, once again I say very extraordinary ❤💞😍😍😍😍😍
Mackenzie said biofuels costs 2 or 3 times that of fossil fuels. I think it more accurate to say biofuels, specifically Renewable Diesel costs 2 or 3 dollars per gallon more than fossil fuels not 2 or 3x that of fossil fuels. Nevertheless, still reliant on govt subsidies.
4.1 inches in sw, Wisconsin, getting to much !!! Leaching of nutrients !!!
Yes they could be very wrong
LOL , chump change, or not, yes, its nefarious
Should that " every single business day " come out of the script?
Maybe. We've taken a whole 2 days off the last year. We'll work harder.
We had our first rain since we finish planting of over more than one inch. (1.4") That was on the 10 th of May. All other rain events we have had were 1/2" or less. Mowing the lawn is every other week deal, and the blue grass in full sun was brown weeks ago. Idiots in Chicago see rain predictions and think they are true. Bull shit on that.
West central Iowa, in the little yellow spot-on the drought monitor map.
Oh my gosh mowing every other week. How will you cope. And this is why famers suck at yield predictions.
@@wd31981 And who are you to say?
Are you a farmer? Are you a better man at yield estimates?
What you fail to understand with your limited knowledge is that there is no subsoil moistier here. July and August and usually the dry months.
Your petty comments revel who you are.
Come on guys and gals, can’t we just make simple comments without ripping one another apart? A comment is just personal opinion of which every human has one !
Observations made at one place doesn't equal conditions everywhere .