Matthew Elliott

Latest U.S. #Wheat Soil Moisture Anomalies. All major world producing countries for #corn #soybeans and #wheat are available at agland.sdstate.edu/Grain

@ChipFlory I always enjoyed contributing and the conversation. Thanks Chip!

Seriously - THANK YOU to all that supported and listened to PM AgriTalk. Thanks to the regulars and all the guest analysts. Thanks to all sponsors and all the radio stations that gave us an opportunity to produce a successful show. It was a really cool gig!

April WASDE: #USDA shuffled the #soybean balance sheet today — crush raised +35 Mbu to 2,610 Mbu, exports cut -35 Mbu to 1,540 Mbu. Net effect on ending stocks: zero. Crush is running ahead of pace. NASS data through Feb show an average of 222.4 Mbu/mo, or 100.9% of the 1,322.9 Mbu seasonal target. Exports have more ground to cover. FGIS inspections through Apr 2 total 1,134.4 Mbu — 90.6% of the 1,252.8 Mbu seasonal target, even after the reduction. But the current pace of 37.3 Mbu/wk is running well above the linear WASDE pace of 29.6 Mbu/wk if #soybean exports stay at the same rate and don't taper off. All data is at agland.sdstate.edu/Grain

@GoddessofGrain Will transit through the SOH or the East wing of WH be fixed first?

I just can't help but feel like everyone's acting like everything's fixed when there has been absolutely no long-term solution to anything offered. We just simply avoided the worst case scenario last night?

USDA is requesting public input on its agricultural data, analysis, and research products. Your feedback will help inform priorities for future USDA economic and statistical programs. Submit comments by April 9: federalregister.gov/d/2026-03497.

Based on the March 1 Quarterly Stocks report, #storage capacity utilization stands at 48.4% off-farm and 75.9% on-farm (59.7% combined). Year-over-year, utilization for off-farm is up 1.3 pp and on-farm up 10.2 pp. Check out the full analysis at agland.sdstate.edu/Grain #corn #soybeans

NASS pegged Q2 #soybean stocks at 2,105 Mbu, implying 2,507 Mbu of disappearance since Sept 1 — 17.7% above the WASDE half-year target (+376 Mbu). Exports: 123.2% of pace (970.5 vs 787.5 Mbu target) Crush: 119.4% of pace (+249 Mbu vs target) At this drawdown rate, ending stocks risk coming in below the 350 Mbu WASDE forecast. See the full analysis at agland.sdstate.edu/Grain

U.S. #corn planted area pegged at 95.3M acres, down 3.5M acres (-3.5%) from 2025's final estimate of 98.8M. Still 4.1% above the 5-year avg of 91.6M. #SouthDakota leads the state-level decline at -550K acres — the largest single-state reduction in the report. Combined #corn/#soy/#wheat area slips to 223.8M (-0.4M vs 2025). #Soybeans gain 1.2M acres while #wheat drops 1.6M. See the full analysis at agland.sdstate.edu/Grain

NASS pegged March 1 #corn stocks at 9,024 Mbu, implying 9,573Mbu of total disappearance since the marketing year began on September 1. That figure runs 16.2%% above the proportional WASDE target. Check out the full analysis at agland.sdstate.edu/Grain

We have made significant updates to our interactive grain report app. If you are following #corn #soybean or #wheat markets please checkout agland.sdstate.edu/Grain for all the latest data and analysis.

@KevG163 Bad pass for a wr screen. Would have been a loss today.

October 23, 1977 Not your average tunnel screen Check out this reverse-field beauty from the #Steelers' Terry Bradshaw to the silky-smooth John Stallworth. My goodness

I guess Trump is finally conceding that the U.S. consumer largely pays for tariffs. Progress?

Sorry @TheOnion irony is dead.

Rant: if we are going to base our entire nations transportation fuel incentives on complex models and assumptions let’s not make the model built using Excel macros and poorly structured excel sheets. @USTreasury at me for help building a modern app #45z #corn #soybeans

PM #AgriTalk - @DavisMichaelsen markets and perspective on price action from @jackscoville @PRICEfutures. @ChipFlory talks with Matthew @ElliottSDSU, Extension Agribusiness Specialist and gets a chart update from Cary @ArtacAdvisory. Live at 2:06CT!