WASDE: Soybean Supply And Use Projections For 2018/19 Are Unchanged From Last Month.

Dec 11, 2018

OILSEEDS: Total U.S. oilseed production for 2018/19 is forecast at 135.5 million tons, up slightly due to an increase for cottonseed. Soybean supply and use projections for 2018/19 are unchanged from last month. With soybean exports and crush unchanged, soybean ending stocks are projected at a record 955 million bushels. The U.S. seasonaverage soybean price for 2018/19 is forecast at $7.85 to $9.35 per bushel, unchanged at the midpoint. Soybean meal and oil price forecasts are also unchanged at $290 to $330 per short ton and 28.0 to 32.0 cents per pound, respectively Global 2018/19 oilseed production is forecast up 0.9 million tons to 600.5 million, with greater soybean production for Brazil and Nigeria. Brazil’s soybean production is projected up 1.5 million tons to 122.0 million, reflecting higher yields in the Center-West region where crops have benefitted from favorable weather conditions. Higher global soybean production is partly offset by a 0.7-million-ton reduction to rapeseed, mainly due to lower area projections for Australia and India based on recent government data.

Global 2018/19 soybean exports are increased 0.7 million tons to 156.1 million. Soybean exports are increase 4 million tons for Brazil but are lowered for Argentina, Canada, and Paraguay. Larger competitive supplies in Brazil are expected to slow the export pace and increase the stocks held by other exporters, particularly Argentina.

Video: A chain harrow is a game changer

Utilizing a rotational grazing method on our farmstead with our sheep helps to let the pasture/paddocks rest. We also just invested in a chain harrow to allow us to drag the paddocks our sheep just left to break up and spread their manure around, dethatch thicker grass areas, and to rough up bare dirt areas to all for a better seed to soil contact if we overseed that paddock. This was our first time really using the chain harrow besides initially testing it out. We are very impressed with the work it did and how and area that was majority dirt, could be roughed up before reseeding.

Did you know we also operate a small business on the homestead. We make homemade, handcrafted soaps, shampoo bars, hair and beard products in addition to offering our pasture raised pork, lamb, and 100% raw honey. You can find out more about our products and ingredients by visiting our website at www.mimiandpoppysplace.com. There you can shop our products and sign up for our monthly newsletter that highlights a soap or ingredient, gives monthly updates about the homestead, and also lists the markets, festivals, and events we’ll be attending that month.