May 2013 USDA World Agriculture Supply and Demand Estimates
May 13 USDA World Agriculture Supply and Demand Estimates ’12/’13 Corn Ethanol use was adjusted up 50 million while exports were reduced 50 million leaving ending stocks at a tight but manageable 759 million bushels or 24.9 days of use. ’13/’14 Corn Initial new crop supply and demand projection was for yields 5 bushels per acre below trendline on delayed planting but total production was a significant 3.36 billion bushels higher than last year’s drought reduced total. Feed use estimates are expected to rebound...
read moreHTML Email Proper Viewing Instructions
Find the mail program/client you are using and follow the instructions to ensure proper viewing experience. Outlook 2010 To enable images for HTML: Click on the new “File” tab Click on “Options” Click on “Trust Center” Click on “Trust Center Settings Uncheck the “Don’t download pictures automatically in HTML e-mail messages or RSS items” check box Click the “Okay” button Exit Outlook 2010 You may have to restart Windows for the changes to take effect. Outlook 2007 To...
read moreApril 2013 USDA World Agriculture Supply and Demand Estimates
April 13 USDA World Agriculture Supply and Demand Estimates ’11/’12 Corn No changes. ’12/’13 Corn Feed use estimates declined by 150 million bushels while ethanol grind was increased 50 million. Exports were reduced by 25 million bushels to the lowest level in 40 years. Ending stocks were projected at 757 million bushels or 24.8 days of use which was below private estimates. ’11/’12 Soybeans No changes. ’12/’13 Soybeans Residual usage declined by 25 million bushels offsetting a 20...
read moreMarch ’13 USDA March Intentions Report
March ’13 USDA Planting Intentions Report Corn – Neutral The acreage projection of 97.3 million acres planted was on pace with the average private estimate. Yield is estimated below trend line because of the addition of less productive land moving into corn production in peripheral corn-belt states. Feed and residual usage is expected to recover next year if yield and supplies rebound. Ethanol production would also be expected to increase with a rising ethanol mandate and greater availability of corn feedstock. Exports would be...
read moreMarch ’13 USDA Grain Stocks Report
March ’13 USDA Stocks Report Corn – Very Bearish Projections of 5.399 billion were well above expectations with average trade estimates near 5 billion bushels. Implied feed and residual usage was the main unknown variable and it came in at 1 billion bushels. The implied feed usage was down sharply indicating either substitutions with feed wheat and other small grains or simply a statistical aberration. Given the slow pace of exports and rationing of some ethanol capacity, ending stocks for old crop 2012/2013 should be projected to...
read moreIntroducing Crop Margin Management!
Introducing Crop Margin Management Corn | Soybeans | Wheat Atten Babler Commodities has been providing structured commodity margin management services for the ethanol, biodiesel, cattle, hog and dairy industries since 2006. On March 21st we officially expanded our services to include Margin Management for Corn, Soybean and Wheat Producers. What is Margin Management? Margin Management takes your futures & options hedging to the next level. It is a structured approach to managing your bottom line results. It allows you to get a handle on all...
read moreMarch 2013 USDA World Agriculture Supply and Demand Estimates
March 13 USDA World Agriculture Supply and Demand Estimates ’11/’12 Corn No changes. ’12/’13 Corn Exports were reduced by 75 million bushels to the lowest level in 40 years. Ending stocks were projected at 632 million bushels or 20.5 days of use which was near private estimates. ’11/’12 Soybeans No changes. ’12/’13 Soybeans No changes. Ending stocks remain very tight at 125 million bushels or 14.8 days of use. Other Markets Total US meat production estimates for 2013 were...
read moreFebruary 2013 USDA World Agriculture Supply and Demand Estimates
February 13 USDA World Agriculture Supply and Demand Estimates ’11/’12 Corn No changes. ’12/’13 Corn Industrial and seed use was up 20 million bushels. Exports were reduced by 50 million bushels. Ending stocks were projected at 632 million bushels or 20.5 days of use which was near private estimates. ’11/’12 Soybeans No changes. ’12/’13 Soybeans Crush was increased 10 million bushels reflecting strong demand for soybean meal. Ending stocks remain very tight at 125 million bushels or...
read moreProject Produce Research Completed
Atten Babler conducts research in conventional commodity markets as well as in specialized markets. We recently participated in a Tri-State (Illinois, Iowa, Wisconsin) initiative exploring how our changing food markets may create new economic opportunities for the region. Atten Babler was a partner in researching and writing the study along with Southwestern Wisconsin Regional Planning Commission (SWWRPC) in Wisconsin and East Central Intergovernmental Association (ECIA) in Iowa. The final report evaluated the current environment,...
read moreJanuary 2013 USDA World Agriculture Supply and Demand Estimates
January 13 USDA World Agriculture Supply and Demand Estimates ’11/’12 Corn No changes. ’12/’13 Corn Total production was revised higher by about 55 million bushels on higher yield which was at the high end of private estimates. Feed and residual usage was up sharply by 350 million bushels. Exports were reduced an additional 200 million bushels reflecting the historically slow pace of export sales. Ending stocks were projected at 602 million bushels or 19.5 days of use which was near private...
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