Fundamentally Speaking

Robust meat and poultry production sends U.S. corn feed use to 12-year highs

Average corn/soybean yield ratio for the past 5, 10 and 20 years for the 15 top producing states of both vs. capital annualized growth rates (CAGR) for the past 20 years

Actual 2019 and estimated 2020 trend yields for the top 18 corn states and U.S. in bushels per acre vs. the percent that actual 2019 yields were of 2019 trends.

World corn, soybean and wheat domestic consumption in 1000 metric tons vs. global corn, soybean and wheat yields in metric tons per hectare from 2000 to 2020.

Weighted number of soybean pods per 18 square foot area and implied soybean pod weight in grams per pod for the 11 objective soybean states

corn ears per acre vs. implied ear weight for the ten objective states using harvested acreage, yield and ear population per acre

Average percent change in the USDA forecasts for U.S. corn, soybean and wheat production, total use and ending stocks from their initial estimates at the February Agricultural Outlook sessions to the February WASDE estimates one year later covering the period 1998/99 to...

Palmer Drought Severity Index readings show MI, MN, WI, SD and ND having the most saturated soils as of the end of the year since at least 1960

Percentage of winter wheat planted as a percent of all U.S. wheat seeded, winter wheat yields as a percent of the U.S. all wheat yield and winter wheat output as a percent of total U.S. wheat production have all declined.

U.S. corn feed/residual and export demand in million bushels, and plotted as a percent of that year's production.

U.S. corn feed/residual utilization in the Sep-Nov quarter vs. corn fed that quarter per grain consuming animal unit (GCAU)

Year-to-year change in U.S. corn and soybean planted area in percentage terms from 1981 to 2019.

Average spot corn futures price from 2000-2019 in dollars per bushel, the annual range measuring the price difference from the year's high to the year's low, also in dollars per bushel, vs. a very crude measure of volatility showing the annual range divided by the annual...

Average spot soybean futures price from 2000-2019 in dollars per bushel and the annual range measuring the price difference from the year's high to the year's low, also in dollars per bushel vs. a very crude measure of volatility showing the annual range divided by the annual...

This year is ending on a very positive note with the recent signing of the Phase 1 trade accord with China, a new U.S.-Mexico-Canada trade agreement being inked. The stock markets posted their best year on year gains since 2013. This holiday season saw no government shutdown...

Now that the Phase 1 trade accord between the U.S. and China is close to being signed, traders will be looking for increased Chinese purchases, especially soybeans. The graphic shows U.S. soybean sales and shipments in million bushels as of the third week of December on the left...

Corn sales and shipments as of the first week of December have never been lower for the past 30 years

Seasonality of the July-November soybean spread in $/bushel from September 1 to July 1 for all years 1984-2019

Percent change in combined Brazilian-Argentine soybean production from the December to June WASDE report and the percent change in November soybean futures from December 1 to July 1 for that marketing year.

Percent change in U.S. corn, soybean and wheat ending stocks from the November to December WASDE reports from 1995 to 2018.