Fundamentally Speaking

Five, ten and twenty-year average weekly CME soybean crush margins vs. the weekly 2023 values

U.S. soybean export sales and shipments as of the second week of April and as a percent of the April WASDE projection.

U.S. corn export sales and shipments as of the second week of April and as a percent of the April WASDE projection

Oct 2022-Mar 2023 precipitation as percentage of 1895-2023 average for top winter wheat states and end of March Palmer Drought Severity Index

Last fall crop conditions for the U.S. winter wheat crop and the first spring ratings

10- and 20-year average percent changes in planted corn acreage for the top 18 producing states and the U.S. from the March intentions to the June acreage report vs June figures until final production report along with the total March to final planted acreage change

Percent of U.S. corn planted by April 30 and May 25 vs. acreage change for corn and soybeans from the March intentions to the final figure

Scatterplot showing the metric tons of corn per grain consuming animal unit vs. the average farm price expressed both in nominal terms or the actual figure the USDA posts and the real average farm price which is the nominal price adjusted for inflation

Percent change in U.S. soybean planted area from the March intentions to June acreage report, the June acreage to the final production figure and also the March intentions to the final number

Sunseed oil output out of Russia and Ukraine as a percent of world production vs. their exports as a percent of the global total while also reported is world sunflower seed oil production as a percent of the world vegoil total.

U.S. soybean export sales & shipments as of the fourth week of February in million bushels vs. these sales and shipment figures as a percent of the USDA's February WASDE export projection.

U.S. soybean export sales & shipments as of the fourth week of February in million bushels vs. these sales and shipment figures as a percent of the USDA's February WASDE export projection.

Change in the November soybean/December corn ratio from Jan 1 to Feb 1, Feb 1 to Mar 1 and Mar 1 to Apr 1 vs. the SX/CZ ratio as of Mar 1

USDA Ag Outlook U.S. wheat yield projection and final figure vs. the USDA Ag Outlook wheat harvested to planted acreage ratio projection and final figure

USDA Ag Outlook Forum acreage estimates for corn, soybeans and wheat vs. the total of all three as per Ag Outlook Forum and then what the total final figure was

Change in the February WASDE U.S. ending corn, soybean, and wheat stocks from what was estimated a year earlier at their Feb USDA Ag Outlook vs. the percent change.

Stocks-to-use ratio as reported in the USDA's February WASDE report from 2000 to the figures furnished last week for U.S. corn, wheat and soybeans

U.S. corn export sales and shipments as of the first week of February and those figures as a percent of the February WASDE projection

Change in planted area projections from the February USDA Ag Outlook Forum to the March prospective plantings for U.S. corn, soybeans and all wheat.

There is an inverse relationship with high prices resulting in lower corn fed per GCAU and vice-versa with the formula explaining about 70% of the variability seen in corn feed use.