WASDE Shocker This week started with a bang and ended on a whimper. November soybeans rallied 76 cents/bushel after USDA’s September WASDE report on Monday made significant and unexpected adjustments lower in U.S. and world soybean supplies. Here were the key points:
U.S. new crop soybean harvested area, yield, production and ending stocks were all lowered. U.S. soybean production is down 6.6 percent year-on-year, and ending stocks are now at the lowest level since 2015/16 with a stocks-to-use ratio of 4.5 percent. World soybean ending stocks were revised lower by 2.4 percent.
Here are some longer range graphs to put it all in perspective:
The funds were caught flat-footed since going into the report they were at...
Fabiana is a genus of flowering plants in the nightshade family, native to dry slopes in western South America.[1] They are evergreen shrubs or subshrubs,[1] with needle-like leaves and profuse tiny tubular flowers in summer. The common name is false heath because the leaves superficially resem...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
