Jerry Gidel | TalkMarkets | Page 2
Senior Account Executive, Grain Strategist
Mr. Gidel an Agricultural Economist with extensive experience in the brokerage industry analyzing and trading futures and options prices. Jerry began his career in 1977 as a Feedgrain Analyst & Consultant at FGL after completing graduate studies at Iowa State University in Agricultural ...more

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USDA's Quarterly Stocks And Small Grains Report
This month’s dramatic jump in US wheat crop output was lead by a 45 million jump in spring wheat’s crop size to 505 million bu.
On Alert For Stronger Corn Feeding & A Smaller US Bean Crop
The upcoming final 2022/23 corn and soybean ending stocks on September 29, will be important for setting a tone about available crop supplies during the upcoming US fall harvest.
Higher U.S. Plantings Countered Lower Yields Limiting Stock Changes
September’s US crop updates revealed lower US corn and soybean yields, but this month’s higher planted crop areas countered these yields and limited this month’s ending stocks changes.
USDA September Crop Supply/Demand And Production Report Summary
Today’s USDA planted and harvested acre upward adjustments seem to compensate for World Board’s lower September US corn & soybean yields
2023 Midwest Crop Tour - Heat/Dryness Overpowered The ECB Crop Count
This year’s 7-state Pro Farmer Midwest Crop Tour again highlighted the differences between the western and eastern Mid-west crop output prospects. This spring’s US seedings were timely & ahead of the 5-yr average.
Weather & The Black Sea Remain Important Market Factors
Given this year’s lower US crop ratings than last month & last year, the market was expecting smaller August US corn, soybean & spring wheat outputs in the USDA update.
USDA May Nip Corn & Soy Yields, But US Weather & Black Sea Are Factors
Despite smaller US corn & soybeans yield ideas for USDA’s August report, World weather & the Black Sea conflict will likely be August’s price factors.
US 2023/24 Stocks Change Modestly, But Weather Stays Important
Despite lower June US quarterly corn and soybean stocks than expected, the World Board reduced its old-crop export outlooks which raised beans and prompted just a modest decline in corn’s 2022/23 ending stocks.
Despite Lower US Soybean Acreage, Trade Watching Nearby Weather
The USDA’s dramatic June 30 changes in their 2023 US soybean and corn plantings have provide some significant unknowns ahead of the July 12 S&D updates.
Dramatic Corn And Soybean Seeding Changes
The USDA’s June acreage report again provided some dramatic surprises in US plantings. Some shifting between regions were expected, but 2023’s June changes across the Midwest were unprecedented.
U.S. Plantings Advanced Normally Except In The N Plains This Year
The USDA surveys US producers during the 1st half of June to compare if their initial planting ideas were carried out as the spring developed.
Smaller Supply & Stronger Dollar Have Impacted US Demand
The corn market’s focus will be split between the US quarterly stocks & acreage reports that will both be released on June 30.
Record US Crush & Solid Exports, But Focus On US Midwest Weather
With this year’s 2 previous US quarterly soybean stocks being below the trade’s estimates, next week’s USDA June 30 report will have more attention than normal.
US & World Weather Factors Remain Key For Limited US Wheat Crop
Despite recent sluggish US export sales & S Plains rainfall the USDA’s June supply/demand adjustments weren’t as dramatic as many feared. The World Board did slice Argentina’s corn & bean crop ideas, but they also upped Brazil’s outputs slightly too.
US S&D Changes Will Be Modest, But Central US Weather Holds Price Key
The upcoming June US balance sheets traditionally have had minimal changes after the USDA issued its May US & World new-crop supply/demand tables.
Lower US/World Wheat Crops, USDA Optimistic On Corn & Beans
The USDA’s May updates had surprises in its US & World crop estimates that impacted their new-crop supply/demand forecasts this month. The World Board’s initial US winter wheat crop forecast was 100 million bu lower than trade’s expectations.
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