Articles tagged under: USDA
Soybean Ending Stocks Down 170 Million Bushels From Last Month
Published October 9, 2020
The USDA soybean ending stocks are projected at 290 million bushels. That’s well below the average trade guess of 352 million. The drop reflects a smaller supply and higher exports. The U.S. corn carryout is 2.1 billion bushels, which was…Farm Service Agency to Set WHIP+ Sign-Up Deadline
Published October 9, 2020
Later today, the USDA's Farm Service Agency is expected to make an announcement setting an end of the month deadline for the WHIP+ program. At this time, it’s unclear how this program deadline will be impacting the status of pending…USDA Announces Higher Blends Infrastructure Grants
Published October 8, 2020
The USDA will now be offering a series of grants to fuel retailers to offer more choices for consumers at the pump. These are called the USDA Higher Blends Infrastructure Grants. Minnesota Farm Bureau Federation President Kevin Paap says the…Grain Traders “Gun Shy” Heading Into October Supply/Demand Report
Published October 6, 2020
The September USDA Quarterly Grain Stocks report may have traders gun-shy going into the October Supply and Demand report. "You know there will be surprises from the USDA, but you'd like the surprises to add up so it makes sense,"…Quarterly Stocks Report Shocks Grain Markets
Published September 30, 2020
The USDA sent a shock wave across the grain trade on Wednesday at the release of the Quarterly Stocks Report. "Basically, this is USDA's way of rebalancing the numbers. They brought down domestic stocks to say the crop wasn't as…USDA Quarterly Grain Stocks Well Below Trade Expectations
Published September 30, 2020
Old crop corn carryout was at two billion bushels in Wednesday’s Quarterly Stocks Report. This is a 10 percent decline from one year ago. USDA raised demand by 2.67 million bushels and lowered harvested acres to 81.3 million. Old crop…USDA Small Grains Summary Lower than Trade Expectations
Published September 30, 2020
In its small grain summary, the USDA said all wheat production is at 1.83 billion bushels in 2020, a five percent decline from 2019’s revised total of 1.93 billion bushels and well below the average trade estimate of 2.2 billion…Weather and Export Demand Driving Grain Markets
Published September 29, 2020
The weather and export demand are the drivers in the grain markets. Monday’s USDA weekly crop progress report was in line with trade expectations. "The corn harvest is still a little bit behind normal and the beans are doing well…Perdue Talks Trade, CFAP and More with MN Farm Bureau
Published September 25, 2020
To help agriculture deal with the market impacts of the COVID-19 pandemic, the USDA announced another Coronavirus Food Assistance Program, offering aid to 89 commodities and crops. Not much additional relief has been provided for biofuels or farmers depopulating livestock.…