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February 12, 2024
Ag Law Issues
This
appears to be the basis for overturning the NWPR … Jackson disagreed on the
basis that the majority's approach … that EPA has "no statutory basis to impose a significant nexus …
November 19, 2024
Monthly Meat Demand Monitor (Prior Years)
consumers are WTP on a $/lb basis for retail
products and … retail
products and $/meal basis in food service and provide … expenditure per package
basis members of Culinary Adventures …
April 8, 2014
Risk Management Strategies
Reserved4/8/2014
1. Farmers have a basis risk in SCO, because farmers … large farms will have less basis risk, based on crop insurance …
November 15, 2018
Grain Market Outlook
age and production prospects MAY
lead U.S. farmers to take a more pessimistic view of U.S. soybean market price prospects for Fall 2019, and
leader them to lower their 2019 U.S. soybean plantings and to raise their 2019 U.S. corn plantings.
2. Other Factors to Consider in Soybean Market Outlook
Prior to the escalation of the U.S.‐China trade dispute, U.S. soybean market prospects where described as
“neutral‐to‐cautiously optimistic” for the “new crop” 2018/19 marketing year. Now with the uncertainty and
potential negative impacts of 25% soybean import tariffs by China against U.S. soybeans, and a record large
2018 U.S. soybean crop being harvested, the “narrative consensus opinion” of the market has turned
pessimistic price‐wise, which has been reflected in “new crop” NOVEMBER 2018 Soybean futures (Figures 3a‐
b‐c).
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Chicago Mercantile Exchange (CME) JANUARY 2019 Soybean futures declined from a high of $10.60 on
May 29th, down to a low of $8.26 ¼ per bushel on September 18th (Figure 1). Since then, JAN 2018 Soybean
futures had increased to a high of $9.06 ¼ on October 15th before declining again to a low of $8.44 ½ on
October 31st, before increasing to a close of $8.88 ¾ on Wednesday, November 14th. In similar manner, CME
NOVEMBER 2019 Soybean futures closed at $9.36 ¾ per bushel on November 14th.
3. Kansas Cash Soybean Prices & Basis Bids
Cash soybean pric …
December 21, 2018
Grain Market Outlook
Kansas Cash Soybean Price & Basis Trends
Cash soybean pr … 41 mb vs Current MY), 5.070 bb total supplies (up 7 mb vs Current MY), 2.075 bb
domestic crush (down 5 mb vs Current MY), 2.075 bb exports (up 175 mb vs Current MY), 4.277 bb total use (up 170
mb vs Current MY), 793 mb ending stocks (down 162 mb vs Current MY), 18.54% Stocks/Use (down vs 23.25% in Current
MY), & $8.75 /bu U.S. soybean average price (down vs $8.60 /bu for Current MY);
7. World Soybean Supply‐Demand Prospects
World soybean production of a record high 369.20 million metric tons (mmt) is projected for “Current” MY
2018/19, up 8.8% from 339.47 mmt in “old crop” MY 2017/18, and up 5.7% from the Current record high of
349.30 mmt in MY 2016/17 (Figure 14). The “Current” 2018/19 marketing year begins September 1, 2018 and
continues through August 31, 2019. World soybean total supplies of 470.50 mmt in “Current” MY 2018/19
Page | 7
are forecast to be up 7.7% from 437.00 mmt in “old crop” MY 2017/18, and up 9.2% from 430.95 mmt in MY
2016/17.
World soybean exports of a 156.09 mmt are projected for “Current” MY 2018/19, up 1.9% from 153.16
mmt in “old crop” MY 2017/18, and up 5.8% from 147.50 mmt in MY 2016/17 (Figure 14). China is expected to
continue to be the key World soybean importer in the coming marketing year, although there are signs that
the Chinese are seeking to moderate their annual soybean usage or import increases through changes in
livestock feeding approaches. Also, disease pressures from the Asian Swine Flu in the Chinese swine heard are
likely to moderate their overall soybean import demand.
Projected World soybean ending stocks of a record high 115.33 mmt (32.81% Stocks/Use) in “Current” MY
2018/19 are up from the previous record high of 101.30 mmt (30.14% S/U) in “old crop” MY 2017/18, up from
97.53 mmt (29.58% S/U) in MY 2016/17, and 81.06 mmt (25.73% S/U) in MY 2015/16 (Figures 14 & 17a).
On a “World‐Less‐China” basis (i.e., excluding China from World demand and ending stocks numbers),
projected “World‐Less‐China” soybean ending stocks are a record high 95.50 mmt (39.47% Stocks/Use) in
“Current” MY 2018/19. This amount of “World‐Less‐China” ending stocks are up substantially from 77.76 mmt
(33.84% S/U) (2nd highest on record) in “old crop” MY 2017/18, 76.87 mmt (33.98% S/U) (3rd highest on record)
in MY 2016/17, and 63.91 mmt (4th highest on record) (29.17% S/U) in MY 2015/16 (Figure 17b). Together,
Figures 14 and 17a‐b illustrate the distorting impact the massive buildup in World soybean ending stocks that
has occurred outside of China – which is a key factor in lower World soybean market prices.
…
August 15, 2022
Ag Law Issues
can receive on an annual basis, and exclude from participation … applies on an entity-by-entity
basis. A farmer can buy additional … a commodity-by-commodity basis or
choose individual coverage …
January 1, 1999
Technical & Fundamental Analysis
78.58 if the cash-future basis is
near zero and the cattle … have been (assuming zero basis
for simplicity) $2.90 + .33 …
February 11, 2015
Commodity Program Papers
commodities on a monthly
basis. Table 1 lists January 16th … listed are on a per acres basis, which would
be paid on …
January 1, 2002
Fed Cattle Pricing
a live or dressed weight
basis. Two additional fact sheets … cattle, marketing on the basis
of a grid may be disappointing …
September 24, 2010
Energy
Crushing Report on a monthly basis. As of this writing, information … presented on a marketing year basis
(i.e., September 1st through …