Iowa State Extension Clippings
Summer Precision Farming
July 23, 2020
2019/20 and 2020/21 Crop Marketing
Though the 2020 crop year is nearing the critical pollination stage, let's speak to some final thoughts regarding the 2019 crop year. The July WASDE offered a little something for the bulls and the bears:
Crop Size/Supply - Corn was estimated at approximately 7 percent below (approximately 1.0 billion bushels) the record 2016-17-18 harvests; and in terms of soybeans, with lower production of approximately 871 million bushels (~ 20 percent), soybean ending stocks are approximately half of the 2018 crop year.
Lower Prices/Demand – Trade/tariff challenges (...