No Bull | The Air Up There

April 6

In this week’s edition:

• Dust in the air: Planters are rolling & the acres debate is on

• Err on the side of caution: State-by-state changes, plus a PP breakdown

• The air up there: Scooch over renewable diesel, there’s a new renewable fuel taking row crops to the skies

• A breath of fresh air: Fertilizer prices are finally taking a breather

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Dust in the air

We are only at the beginning of what is always a long, heated debate about acres here in the United States.

The planters are hooked up and neighbors are fighting to be the first one to start or the first one finished all while market pundits and their crystal balls go head-to-head trying to pin down USDA’s next estimate.

As a reminder, we have more than seven weeks of weather and market-action ahead of us until USDA begins their resurveying for the June report.

None of us know what the next seven weeks will bring much less what USDA prints on June 30.

What I do know, however, is what was printed last week will inevitably change a few times by the time we get final acreage in January.

—> Remember March 2020 at 97 followed up with a 92 in June?

—> Look at the slide in 2019 (record prevent plant - more on that in a minute)

On to beans:

—> Again, 2019. We lost more than 8.5 million acres of from March intentions to final.