econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result
Home Uncategorized

NASS Executive Briefing And October 14, 2020 Weekly Crop Update

admin by admin
9월 6, 2021
in Uncategorized
0
0
SHARES
0
VIEWS

Written by Sig Silber

Tonight we present the NASS Executive Briefing on the major crops (and others as well but in less detail) and the weekly U.S. Crop Progress and Condition Report. We also present the September 2020 ranking of states with respect to precipitation and temperature relative to their 126-year history. It continues to look like the U.S. will have a successful crop year.

NASS Crop Executive Briefing


Please share this article – Go to the very top of the page, right-hand side, for social media buttons. Please feel free to send this article to anyone who you think might benefit from reading it.


Delta Impacts

Notice the two inserts on the left side: one shows winds the other shows precipitation. On the right, it shows where cotton and sugarcane are grown. We may see the impact in this week’s Crop Production Report or it may not show until next week. I do not know that much about sugarcane other than it rains a lot in Florida where it grows so I do not suppose that rain is a problem for sugarcane but wind might be. Heavy rain is not good for the cotton harvest.

Tropical Storms

Perhaps I should have shown this first. They keep coming. The origin is the warm waters of the Western Caribbean. It is not that large a storm but it was powerful. You can see the eye.

Let’s take a look at the state rankings

https://www.ncdc.noaa.gov/monitoring-content/sotc/national/statewidetavgrank/statewidetavgrank-202009.png

Two states set a record and six states were much above average.

It is interesting that when considering maximum rather than average temperatures, Florida no longer set a record but was more or less average.

https://www.ncdc.noaa.gov/monitoring-content/sotc/national/statewidetminrank/statewidetminrank-202009.png

When looking at minimum temperatures, Florida was in the much above average category so it seems they may not have cooled off at night but did not get exceptionally hot during the day which can be attributed to high humidity.

https://www.ncdc.noaa.gov/monitoring-content/sotc/national/statewidepcpnrank/statewidepcpnrank-202009.png

We see five much below average states in the Southwest but also North Dakota and New Hampshire and Maine set a record for dryness. We also see a number of above-average and one much above average state. So there was a regional pattern with respect to precipitation.

Sometimes it is useful to look at climate divisions

https://www.ncdc.noaa.gov/monitoring-content/sotc/national/divisionalpcpnrank/divisionalpcpnrank-202009-202009.png

You can see that there was some variation within Maine and it was Southern California and Western Arizona which set records for dryness.

I thought this would be a good place to report on California reservoirs.

California Reservoirs

There are quite a few below average. They are sort of in the same part of the state.

Let’s look at some other states

Five states below average. Not sure the level considered average for New Mexico is realistic. But New Mexico is in trouble.

Here is the NASS Executive Briefing.

Slide 2

It is hard to read but it shows the sample sizes. I am not real impressed with the number of samples.

Slide 4

Corn harvesting is in the middle of the pack re recent years. But the weekly Crop Progress Report shows that there was a big increase in the percent harvested this past week. Notice the Executive Briefing shows data through October 4 but the weekly crop report adds one more week to the data. But it does not show the history as the Executive Briefing does. That is why I publish the Executive Briefing followed by the Weekly Crop Progress Report.

Slide 5

A slight decline from the prior estimate but still a large increase over last year. Most of this is due to improved yield compared to last year.

Slide 6

The difference between planted and harvested includes crops abandoned but it is mostly crops that are not harvested but are grazed by animals. I am surprised that the difference was not larger in 2019.

Slide 7

It looks like a rising trend of yield.

Slide 8

This shows the change in yield estimate from the prior month. I do not see a pattern here.

Slide 9

Satellite assisted yield analysis.

Slide 10

Shows the percent mature in the October survey and later in the November survey.

Slide 11

Important to notice the vertical bars show one thing and the red dots something else. The bars are higher than 2019 and so are the red dots.

Slide 12

Total production has been more or less stable. 2019 was a bit down.

Slide 13

The NASS forecast seems to be towards the low end so there may be some room for improvement but notice the trend in the forecasts August, September, October has been downward.

Slide 14

The soybean harvest (red line) is closer to the better years than the other years. What you see is related to what is called the 5-Year Average in the Crop Progress Report which I will present later in this article.

Slide 15

A slight negative adjustment from the prior estimate but a 20% improvement year over year is impressive. It is half more acres planted and half yield improvement

Slide 16

Only 2018 saw a large difference between Planted and Harvested.

Slide 17

looks like an uptrend. But one can see periods of similar yields and a period of dramatic increase in yields.

Slide 18

Change in yield from the prior month.

Slide 19

yield modeled using satellite imagery.

Slide 20

Not sure why they present this graphic.

Slide 21

The NASS forecast is in the middle. It is interesting how subsequent forecasts seem to decline.

Slide 22

Percent harvested is dropping off. We will check that out in the Weekly Crop Progress Report. We have been concerned about the impact of tropical events on the cotton crop.

Slide 23

The yield is good but the acres planted is way down and the acres harvested is slow. This may be an evolving story.

Slide 24

Curve fitting is always interesting. It looks like an increasing trend but there has not been much change since 2004.

Slide 25

This shows the month to month change in yield by state.

Slide 26

Fairly stable except for two bad years.

Slide 27

Rice is better than last year. We will revisit that in the Weekly Crop Progress Report. It can get tricky. It seems that the amount of rice is way up but the percent harvested is a little less than the same time last year.

Slide 28

These all look good except tobacco. Sunflowers are really showing an increase.

Slide 27a

Pecans will not be in short supply.

Numbered 28

There is a long-term decline in Citrus.

Slide 29

We will cover some of these and certainly the November 10 Crop Production Executive Briefing. We will probably also cover the October 30 Agricultural Prices.

Slide 30

To get additional information.

Here is the weekly U.S. Crop Progress Report.

The above is a very good summary of the situation. Below it is broken down in more detail state by state.
Part I
Part II
Part III
CropProgressCondition
CornBetter than 5-Year Ave.Good
SoybeansMuch better than 5-Year AveGood
CottonBolls Opening better than 5-Year Ave. Harvesting has picked pup but still slower than last year.Good
SorghumBetter than 5-Year AveNot Great
PeanutsVery SlowGood
SugarbeetsMuch better than 5-Year AveNA
Winter WheatBetter than 5-Year AveNA
RiceSlowNA
SunflowersEarly but looking very goodNA
Pasture andPoor

Generally speaking, the weather cooperated with respect to fieldwork.

Only one state had weather that negatively impacted fieldwork.

International

International

And the map.

Argentina, Brazil and Mexico could use more rain.

Major Sources of Information

In the box are shown the major resources we use. We will not be using them all each week but the reader is welcome to refer to these resources.

Major Sources of Information Used in this Weekly Report

  • The U.S. Drought Monitor (the full report can be accessed here)
  • Selected graphics from our other Weather and Climate Reports are repeated in this report. These reports can be accessed by referencing the Directory here
  • Selections from the Tuesday USD Weather and Crop Bulletin (the full report can be accessed here). Selections from the USDA Office of the Chief Economist can be found here. NASS Executive Briefings can be found here. A wide range of NASS Reports can be found here. USDA Foreign Agriculture Service Briefs can be found here. Other useful sources of information that I regularly utilize are the National Integrated Drought Information System (NIDIS) which can be accessed here and the USDA NRCS Weekly and Weather Climate Update which can be accessed here. A glossary of terms can be found here.

Previous Post

Mass Exodus Of Retail Stores

Next Post

Why Kant’s And Mises’ Studies Of Man Were Based On A Logical Contradiction

Related Posts

Scammers Steal $300K Using Fake Blur Airdrop Websites
Uncategorized

FBI Warns Investors Of Crypto-Stealing Play-to-Earn Games

by admin
Maersk Almost Completing Russia Exit After The Sale Of Logistics Sites
Uncategorized

Maersk Almost Completing Russia Exit After The Sale Of Logistics Sites

by admin
Why Is ‘Staking’ At The Center Of Crypto’s Latest Regulation Scuffle
Uncategorized

Why Is ‘Staking’ At The Center Of Crypto’s Latest Regulation Scuffle

by admin
Mexico's Pemex Dismantled Resources Worth $342M From Two Top Fields
Uncategorized

Mexico’s Pemex Dismantled Resources Worth $342M From Two Top Fields

by admin
Oil Giant Schlumberger Rebrands Itself As SLB For Low-Carbon Future
Uncategorized

Oil Giant Schlumberger Rebrands Itself As SLB For Low-Carbon Future

by admin
Next Post
Final August 2021 Michigan Consumer Sentiment Shows A Stunning Loss Of Confidence

Final August 2021 Michigan Consumer Sentiment Shows A Stunning Loss Of Confidence

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect