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USDA continues to report a strong #USSOY crop with 68% in good to excellent condition. According to the latest data, 65% of the soybean crop has started blooming and 29% has begun setting pods. This remains slightly ahead of the 5-year average of 60% and 24%, respectively. Watch as Janna Fritz, a Michigan soybean farmer, shares a #grow24 update. #plant24

Friday’s USDA crop report for January had a few surprises, especially for #maize and #wheat. Global 2023/24 ending stocks for #soya were also 3 million tonnes higher than expected. Read our full #commodityreport for further insight into #cereals, #proteins, #fibres and more: https://lnkd.in/ew7_kEjC

According to StoneX, a USDA attacht in Brazil pegged the country’s 2023/24 soybean crop at 158.5 MMT, below the Dec S&D figure of 161.0 MMT and Conab’s most recent 160.2 MMT estimate. The attache did raise 2022/23 output by 3 MMT to 158.0 MMT, with domestic crush last season at 53.3 MMT (roughly matching the Dec USDA) and exports at 102.0 MMT (well ahead of the working 95.5 MMT USDA estimate for that crop cycle). 

Crop production data should be realistic

2023 ended up being a bumper year for corn. Despite hot, dry weather in several regions at points during the summer, USDA's final agricultural supply and demand estimates report offered surprisingly strong data about U.S. crop performance. How did corn and soybean yields compare to expectations, and what impact did that have on prices throughout the year? Find out more in the latest edition of "The Dairy Bar: Powered by Ever.Ag - Dairy": https://lnkd.in/egeGAiRW

Urad cash prices traded up by 1-2%, on an average during the previous week due to significant increase in C&F offers and revival in seasonal demand amidst reports of rapidly decreasing new crop arrivals, AgriWatch presents through Alok kumar Pandey an outlook on Urad for the week. Write to us with your feedback or subscribe at www.agriwatch.com #urad #marketinsights #commoditymarkets #agriculture For a more comprehensive analysis and detailed insights, we invite you to explore further at www.agriwatch.com. Stay informed and make informed decisions in the evolving landscape of the commodity Market. Follow the Agriwatch Market Intelligence channel on WhatsApp-https://lnkd.in/d2wHis4k

In our recent crop production report, we highlighted very important information about our key commodities. Among them were factors that affect the prices of commodities in the global market. This infographic gives a sneak peak of that data. To read the entire report, click on the link below https://lnkd.in/et7HPHz8 #PlantingSeason #CommoditiesPerformance #AgricultureInsights #CropProductionReport #MarketTrends #HarvestSeason

Between mid-2020 and early 2022, farmers globally enjoyed overall strong margins as relatively high commodity prices compensated for the skyrocketing costs. During 2022, margins started to contract. For 2023 and 2024, Rabobank estimates show a continuation of contracted margins, even with the recent decrease in important operating costs. For #soybean farmers, the outlook is quite comfortable, as the commodity is likely to achieve good margins in the coming season. However, #corn farmers will feel their margins pressured by ample supply, while #wheat farmers are unlikely to see improved margins despite declining costs. This #raboresearch crop margin outlook also features a special item on crop margins in the Netherlands as #potatoes are a key crop in the crop plan, resulting in different margin development compared to farmers relying on crops like wheat, corn or soybean. For #Dutch arable crop farmers, 2022/23 margins exceeded the previous year's margins. For 2023/24 we expect margins of Dutch crop farmers to decrease somehow, but sill above the long-term average. Bruno Fonseca

Cocoa prices are the best it can be right now at roughtly K1000 per 63 kilos, roughly K15.80 per kilo. price of balsa has fallen, coffee medioca . Galip the most stable and stable right now at K15 per Kilo. Farmers never know the projections and world movements in commodity prces and switch crops mid planting. We need serious agri economists in National Dept of Agriculture giving right information to farmers so they know what they should be investing in. The life cycle of cash crops and world market prices can influence a farmer to make spur of the moment decisions on crop planting and even destruction. This is an old issue which has has never been addressed. Agmark prices today.

Potato Market Turmoil: Global Challenges and Price Fluctuations In the world of agriculture, the potato, a humble staple crop, has been thrust into the spotlight as it navigates a tumultuous year with persistently high prices in numerous countries. This unexpected turn of events has left various nations grappling with a complex web of factors affecting their potato industries, from adverse weather conditions to […] https://lnkd.in/dgFzcJKQ