Bushel Bets and Blind Spots

The 2024/25 marketing year finished with above-estimated stock levels. Ending stocks were surveyed to be 1.5 billion bushels versus the 1.3 billion estimated in the September

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Can Milk Markets Slim Down?

Milk supply has returned to growth mode and markets are buckling under its weight. The ability of the market to deal with surplus milk, particularly the

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Can the U.S. Crush the Competition?

U.S. Soybean Supplies Slashed Despite the USDA’s record yield estimate of 53.5 bu./ac. in the September World Agricultural Supply and Demand Estimates (WASDE) report, weather extremes

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We Made Enough Hay … Again

Hay inventory levels in May were slightly above 24 million tons, the highest May reading since 2017 and the seventh highest since 2000. Strong Hay Production

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Walnut Market Holds Steady

The market for walnut farmers in the Central Valley has improved greatly since the lows of 2022, and grower prices have remained above breakeven. Looking ahead,

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The Moderation Movement Part 2

The Moderation Movement Part 2: Why Americans Are Drinking Less Following 2 1/2 decades of steady growth and a brief surge during the COVID-19 pandemic, alcohol

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Milking the Middle Years

Populations are aging and shrinking among some of the biggest dairy-consuming regions of the world, including our top dairy export destinations such as China, Japan and

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