Crop Report September 7, 2023 – Crops Look Good – The Price Received to Cost Paid Ratio Not So Much
This article is based primarily on the August 29, 2023, USDA Crop Bulletin which covers the week ending September 3, 2023. The USDA report usually becomes available on Tuesdays but was issued this week due to the National Holiday. The full USDA Crop Bulletin can be accessed HERE.
It again seems like an average crop. Hurricane Idalia seems to have had little if any impact but the reporting may need another week to be sure of that.
The article includes a short international review of agricultural conditions. I also included crop-related weather information. I have included the Agricultural Prices Report and it suggests problems for the agriculture sector.
First, we take a look at the impact of Hurricane Idalia
| It did not seem to impact the cotton growing area to the extent I had expected it to do but it certainly impacted the citrus growing area. We do not have a report on the impacts of the storm on citrus this week. This graphic shows the weather impacts but we do not know how it impacted the crop. |
We begin with the National Agriculture Summary. The Tables below the summary have additional data. The boxes with my comments may be incomplete so for crops of interest check the data out yourself to be sure.
