We have just received the publication of the objective estimate for the next harvest 2025 prepared by the Department of Agriculture. The result is as follows:<\/p>\n
1.390.000 acres \u00d7 2.160 lb\/acre = 3 Blbs<\/p>\n
With this figure we would have a total harvest of 3.50\/3.55 Blbs (adding the surplus that is estimated to be around 500\/550 Mlbs). The current harvest we have a total (with the surplus) of 3.16 Blbs. We would be talking about +10\/12%. In other words, we would have more available than in the current campaign that we have just finished.<\/p>\n
Thinking back, the subjective estimate (farmers) was 2.80 Blbs and Newfoundland was the same, 2.80 Blbs. This objective estimate would be +7% more than both. The reason is higher yield than the subjective (estimated 2,010 lb\/acre) and higher area and yield than Newfoundland (1,360,000 acres \u00d7 2,060 lb\/acre).<\/p>\n
We recall that last year for the current crop 2024 the objective estimate was 2.80 Blbs and finally the final crop input will be around 2.71 Blbs. We are talking about a difference of only -3% with respect to the final result, which was quite accurate.<\/p>\n
This situation is likely to generate a bearish situation.<\/p>\n
Thank you very much.<\/p>","protected":false},"excerpt":{"rendered":"