IAG Blog Archives:

September 25, 2018 | |

US Farmer About To Find Out About Life In Tariffville

The US soybean producer is about to have its first major test of life in Tariffville. Short-term prices will be impacted significantly by weekly export shipments and sales. Typically soybean export shipments peak in Oct and Nov. In the chart above, week 60 on the X axis is Oct 15th. In prior years China was the major recipient, generally taking about 2/3rds of the shipments. Current sales bookings are 16 MMT, 1 MMT less than last year. It's likely the 2018/19 shipment line will be flatter than prior years as sales go to non-Chinese destinations, but the US needs to make hay while the discounts to South American beans are the greatest - that is now. A peak weekly pace of 2 MMT is our goal to support current prices.

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August 20, 2018 | |

SPECIAL 2018 Crop Tour FINAL Wrap up

IAG Crop Tour – Wrap up.                                                                                    

By Ben Fisher

First, additional links to more information, including the YouTube video addendum. This year’s footage is in 4k and we got some great views of corn and soybean fields. Some issues were only apparent from the sky, but the bulk of the videos show a well- developed, even crop.

 

YouTube site: https://www.youtube.com/watch?v=NhNjmHKRC_I&list=PLnBorAJnI_izfTKUC3uHUjwogizr2UL2T 

IAG Website: https://iag-group.com/ 

Crop Tour Blog: https://iag-group.com/blog/iag-2018-crop-tour-update 

 

2,000 miles
22 stops, 7 states visited
200 ear samples taken, 66 population measurements, 112k kernels counted 35 soybean plants pulled, 1,459 pods counted
1 John Deere hat acquired

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August 17, 2018 | | soybean sales market

US Soybean and Corn Sales Well Ahead of Last Year

 

US soybean and corn sales for the 18/19 crop year are nearly double last year’s pace, despite export blocking tariffs, thank you very much. Corn bookings are almost 8.9 million tonnes (MMT) versus 4.4 year ago. Soybeans sales are at 11.5 MMT versus 6.4 last year. (Graph below)

 

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