For more information call 800-622-7628 !

News and USDA Data

A collection/archive of USDA Report data and our post-report comments, as well as featured article by Roach Ag Daily Grain Plan editors and writers.

John Roach
John Roach
John Roach's Blog

April USDA Supply & Demand

Few changes in US numbers from last month. Smaller Argentine crops.

The government's US numbers were virtually the same as a month ago, with smaller crops in Argentina, and a slightly larger bean crop in Brazil. Today's estimates were no surprise to the traders. 

Look at the prices we've traded during the past month. Traders have no fundamental reason to move prices beyond that range. The Argentine crop is still an uncertainty because its in the early stages of harvest, but the Brazilian bean crop is nearly in the bin and the second crop corn is off to a good start.

The new risk is in the United States and all the northern hemisphere where planting has just started. Next month's prices will trade based on how traders view the crop plantings and weather risk. Today's numbers told us again that we need big crops. 

Traders will turn their attention to the weekly planting progress numbers, exports, and ultimately the May USDA report where we see the first official 2023/24 crop estimates.

Source: USDA, Bloomberg

Comments are closed.
  • Contact Us Today!

    Our team looks forward to hearing from you.


We look forward to hearing from you.

About Us

Roach Ag. Marketing is a full service advisory firm founded in Perry, Iowa back in 1978 to help farmers do a better job of marketing their crops and livestock. Roach Ag Marketing moved their main office to Boca Raton, Florida after 21 cold winters in Iowa.

Contact Us

Roach Ag Marketing
568 East Yamato Rd. Ste. 200
Boca Raton, FL 33431
Telephone: 800.622.7628

Brokerage and consulting services offered by Roach Ag Marketing, Ltd, an NFA-registered introducing broker. The trading of derivatives such as futures and options involves substantial risk of loss and you should fully understand those risks prior to trading. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. Past performance is not necessarily indicative of future results.