Karen Braun @kannbwx
Global Agriculture Columnist at Thomson Reuters. Meteorologist by training, gymnast for life. Views expressed are my own. Naperville, IL Joined August 2013-
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🍷Global #wine demand hit a 27-year low in 2023 as production hit a 60+ year low. Particularly large losses in Chinese consumption, down 25% YOY and down 60% in the last five years. I, however, did not contribute to this trend. reuters.com/markets/commod…
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🇦🇷#Argentina's Rosario port was the world's No. 3 grain export hub in 2023, down from No. 2 in 2020-2022 and No. 1 in 2019 after last year's drought slashed crop production. 🇧🇷Santos nearly matched 🇺🇸NOLA, but #Brazil's top port has doubled farm exports in the last 6 years.
🇦🇷Crop conditions in #Argentina are better than last year (not saying much). #Soybeans (30% good, 24% poor) are no worse than in 2022 or 2021, but #corn (17% good, 40% poor) is worse than those years. BA exchange said Thursday it might cut the soy harvest estimate from 51 mmt.
🇺🇸U.S. #wheat export sales for 2024/25 (2.15 mmt as of April 18) are on an efficient pace for the date. Big difference from the lousy year-ago volumes. 35% of that is hard red spring (5yr avg share for the date is 24%) and 16% is hard red winter (5yr avg of 30%).
🇺🇦#Ukraine's Farm Minister Mykola Solsky has resigned amid allegations that he was involved in an illegal acquisition of state-owned land worth $7 million (Reuters) On Tuesday, Solsky had said Ukraine's spring planting was 20% delayed vs 2023 on heavy rains.
🇺🇸The Biden administration is expected to release a climate model for its sustainable aviation fuel subsidy program on Tuesday.
Putting recent CBOT #wheat strength in context with the last 4 years. Back in March, futures dipped to the lowest levels since August 2020. They had made all-time highs in March 2022. Large speculators have been short wheat since July 2022, unfazed by the mid-2023 rallies.
Funds have been short CBOT #wheat since mid-2022 and they don't tend to stay long wheat for extended periods like they have the last few years in corn and soybeans. Wheat was in the $8 range when they got short circa July 1, 2022.
🇷🇺🇰🇵 #Russia possibly looking to deepen agricultural ties with North Korea
These soybean flashes to unknown on Friday were actually to Mexico.... USDA corrected that on Tuesday.
These soybean flashes to unknown on Friday were actually to Mexico.... USDA corrected that on Tuesday.
🇺🇸U.S. #ethanol production has declined in recent weeks after a stronger showing late last month. In the past 3 weeks, ethanol output has declined 11.1%, ethanol stocks fell 2.6% and implied U.S. gasoline demand is down 8.8%.
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𝑺𝒘𝒊𝒕𝒕�.. @RussianGrainTra
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@kannbwx I like the handstands! :-))) Congrats...Wish I could be out there running again but I had my time between 15 and 52...
@kannbwx Well done Ms Braun. You are definitely the only “Handstand Champ Global Agri Columnist” I am aware of. Unique ! 😊
@kannbwx I looked at the rules, You had to do a handstand at the end. -You Win!!! 1st prize!
@kannbwx Can you ask or maybe you can answer this question based of the April conab/usda numbers who is closer to finial production numbers historically
@FDGenetics @kannbwx must be visiting your area.
@kannbwx Crop and livestock production data isn't available at the Agricultural District level from 2020 onward. If USDA is getting rid of county level production data going forward, will they go back and provide Ag District level data to make up for that gap?
@kannbwx China soy imports: difference between the number published by USDA and the official number reported by china
@kannbwx Yes, the gentleman in the back. What do they think is the cause of the wide discrepancy with BR beans? Are they looking to fix it? Or are they adamant that their method is correct? Thanks.
#NASS appoints Lance Honig as Chair of USDA’s Agricultural Statistics Board, as well as the Methodology Division Director. As the chair, he will lead the preparation and dissemination of market-sensitive agricultural forecasts and estimates. Read more at➡️ nass.usda.gov/Newsroom/Notic…
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