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USDA Oil Crops Outlook

Based on larger than expected March soybean stocks, USDA raised its forecast of domestic crush this month by 20 million bushels to 1.635 billion. Also, U.S. soybean exports for 2012/13 are forecast up 5 million bushels this month to 1.35 billion. An offsetting change in the residual left the forecast of U.S. season-ending soybean stocks unchanged at an unusually tight 125 million bushels.

Global soybean production for 2012/13 is estimated 1.6 million metric tons higher this month to 269.6 million due to better crop outlooks for Paraguay and Uruguay. Shipping delays from South America prompted USDA to lower its forecast of China’s 2012/13 soybean imports by 2 million tons this month to 61 million. Global exports of soybean meal in 2012/13 may only edge up to 58.6 million tons, versus 58.3 million in 2011/12, because of lagging production for Brazil and Argentina.

Source: USDA


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Running a Farm Store + Starting No-Till Gardens w/Blue Goose Farm

Video: Running a Farm Store + Starting No-Till Gardens w/Blue Goose Farm

We cover: today we are chatting with Keenan McVey of Blue Goose Farm in Ontario Canada. Keenan, along with his wife Ashley, run this small farm and along with it a really interesting, in-town Farm Store that is a little different from what you might think of as a farm store and has proved to be an invaluable marketing option for them. Keenan’s roots are in the culinary world, and the farm was also started with another chef from the area some of you may know, named Matty Matheson (of the excellent show The Bear). Keenan tells us that story as well as helps detail the technical stuff about how the gardens were created and how they are maintained.