Articles tagged under: USDA report
USDA Report Neutral for Corn, Bearish for the Soybeans
Published August 12, 2022
USDA lowered the corn yield forecast from 177 bushels per acre to 175 bushels per acre the latest USDA report. That lowers new crop corn production to 14.3 billion bushels. The soybean yield was the big surprise. USDA raised the…Lower-Than-Expected Yields Take Grain Traders By Surprise
Published August 12, 2021
USDA lowered corn yields more than expected in the August Supply and Demand report. "The corn yield at 174.6 bushels per acre is well below the average estimate of 177.6 bushels per acre," said Naomi Blohm, senior market advisor, Total…Wanted: More Corn and Soybean Yield Data
Published August 9, 2021
Total Farm Marketing Senior Market Advisor Naomi Blohm says grain traders are trying to get a better grasp on where corn and soybean yields will end up. "This week's USDA report will indicate whether or not we'll be sticking around…More U.S. Corn Acres Are Likely
Published May 31, 2021
Advance Trading market analyst Brian Basting says it’s not too early to be thinking about the USDA’s acreage report in June. "Most traders are looking at the probability of more corn acres than the USDA was forecasting in March. We…A Look at the Latest U.S. New Crop Balance Sheet
Published May 12, 2021
The May USDA report numbers were mostly neutral to the grain trade. In terms of the new crop balance sheet, U.S. corn production is forecast at almost 15 billion bushels, slightly higher than last year. U.S. soybean production is forecast…Stocks Tighten
Published January 13, 2021
In USDA's Quarterly Stocks report, the agency lowered U.S. corn ending stocks by five million bushels to 11.32 billion bushels from the December report. Soybean stocks are reported at 2.93 bullion bushels, down 319 million bushels from December. Wheat stocks…Grain Traders Forecast Tighter Carryout in January USDA Report
Published January 6, 2021
The January Supply and Demand report from the USDA will be extremely important for market direction. Van Ahn and Company market analyst Kristi Van Ahn says traders are expecting tighter carry-outs. "That crop report finalizes production numbers, we get quarterly…Grain Prices Need to Increase Enough to Ration Demand
Published November 10, 2020
Grain prices will need to climb high enough to ration demand. "The $12 number in the soybeans is being talked about a lot right now," said Jacob Burks, market analyst, Kluis Commodities. "For the corn, $4.50 is being discussed. The…What’s Hot, What’s Not in the Markets
Published October 12, 2020
Advance Trading Risk Management Advisor Tommy Grisafi outlines What's Hot, What's Not in the Markets. In today's update, Grisafi highlights the USDA carryout numbers and the impact presidential politics has on the market.