Tidbits, Corn Market Outlook, South America Crops, Unemployment, Broilers & Ethanol 2/12/26
- Wright team
- 27 minutes ago
- 5 min read
Tidbits
Flash sale: Yesterday morning, the USDA announced the sale of 230,560 mts of old crop corn to unknown.
South America: Dr. Michael Cordonnier left his Brazil soybean estimate unchanged at 179 million mts (USDA 180). He said there are now two concerns in Brazil - poor quality seed in parts of northern Mato Grosso and continued hot and dry conditions in southern Brazil, especially Rio Grande do Sul and southern Mato Grosso do Sul. Both of these situations as something that may not necessarily result in a lower estimate (at least not yet) but could keep the estimate from moving higher.
Brazil soybeans were 16% harvested as of late last week compared to 15% last year according to AgRural. Harvesting is now under way in nearly all the major states with Mato Grosso 39% harvested.
Dr. Cordonnier’s Brazil corn estimate was unchanged at 137 million mts (USDA 131).
Safrinha corn in Brazil was 22% planted compared to 20% last year according to AgRural. The first corn crop in Brazil was 15% harvested vs. 9% last year.
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