Cropping history
Excerpted from the Environmental Impact of Missouri Crop Production report
Major land uses
Excerpted from the Environmental Impact of Missouri Crop Production report
African swine fever reduces China’s pork production
The U.S. Department of Agriculture (USDA) projects that by the end of 2019, China’s total swine inventory will be down by 18%. Indeed, the USDA estimated that the Chinese sow inventory was down 12% at the start of 2019.
Corn prices headed up?
The outlook for corn prices is more positive because corn is likely to experience a significant downward supply shock. Not only will planted area be reduced, but the yields will also likely be significantly lower.
A glut of soybeans?
The combination of the ongoing trade war, large carry-in stocks, fewer hogs in China and the potential shift of corn area to soybeans could result in a large abundance of soybeans, but this is far from certain given the severity of planting delays.
Missouri planting progress data as of June 23, 2019
The rain returned to Missouri this past week, leaving only 2.1 days suitable for fieldwork. Soybean plantings progressed by 9 percentage points, but progress was minimal in corn, rice and cotton.