This past week marked a milestone in the crop year with the USDA’s April supply and demand update. The April report is traditionally a non-event, one that incorporates any changes needed if indicated by the quarterly stocks figure, but also one that marks the end of the focus on the old crop year.
After having spent nearly 12 months analyzing everything about the 2023-2024 crop, from acreage to weather and yield estimates impacting supply, to changes in year over year demand, we now start to look ahead to what 2024-2025 will bring.
