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Agriculture s Top 8 Pivotal Issues for 2022

Accurate Forecasts Months Before Government Reports Are Released

Gro Intelligence has developed a suite of global agricultural analytics and models that accurately predict crop yields and acreage far ahead of official government releases.

Quarterly reports mark swings in market

The April WASDE report was released Friday. This report, the fifth of the calendar year, is generally used to reconcile the March Quarterly Stocks Report with the World Agricultural Outlook Board’s balance sheet and provide any necessary updates to their demand estimates. The implication from corn’s stocks report was that USDA would acknowledge the slightly tighter than expected stocks in the form of additional demand on the balance sheet and possibly acknowledge the pace of export commitments. This was certainly the case, with export, ethanol and feed/residual all revised higher by a total of 150mb, exports being half of the revision.

How to Prepare for this week s USDA Grain Stocks and Acreage Reports

How to Prepare for this week s USDA Grain Stocks and Acreage Reports
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Why February was so profitable for corn, soybean growers

February was a successful month for corn and soybeans producers. For the month, new crop corn and soybeans gained 25.5 and 80 cents respectively while the average prices for the month for crop insurance purposes are $4.58 and $11.87. Corn’s February average is a full 70 cents above last year’s levels while the February average for soybeans was an incredible $2.70 above 2020’s guarantee. We have not seen the ratio of February average prices favor soybeans to this extent, 2.59, in over 30 years. The ratio as we set guaranteed revenue levels suggests the market is concerned about planting enough acres to soybeans in 2021, and rightfully so.

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