Articles tagged under: USDA
Few Changes in Crop Report
Published December 9, 2022
The December USDA supply and demand report was not much of a market mover. USDA left the U.S. wheat supply unchanged from last month; lowered corn exports by 75 million bushels and raised corn ending stocks by 75 million bushels.…South America Holds the Keys
Published November 9, 2022
U.S. wheat ending stocks were down from last month, but corn and soybean supplies increased. Total Farm Marketing Senior Market Advisor Naomi Blohm says global ending stocks only had small changes. "Corn ending stocks pretty much came in right on…USDA Projects Wheat Ending Stocks at a 15 Year-Low
Published November 9, 2022
In the monthly USDA supply and demand report, USDA increased domestic wheat usage five million bushels to 1.09 billion bushels, raised feed usage by seven million bushels and left wheat exports unchanged at 775 million bushels. Ending stocks are forecast…More Soybeans
Published November 9, 2022
USDA increased soybean production by 33 million bushels to 4.35 billion bushels. The supply/demand report estimated the average yield at 50.2 bushels per acre. Soybean ending stocks were raised 20 million bushels to 220 million bushels. The season-average farm gate…Ag Department Forecasts 7th Largest Corn Crop on Record
Published November 9, 2022
USDA made a small upward adjustment to U.S. corn production in the November crop report, raising it to 13.9 billion bushels. That is up 35 million from the October report. USDA raised U.S. corn ending stocks 10 million bushels and…Baseline Numbers Released
Published November 9, 2022
USDA's ten-year baseline outlook forecasts trendline yields to increase from 171.9 bushels per acre this year to 199.5 by the year 2033. The corn price is expected to fall over the next five years to $4.30 per bushel and remain…Meat Processing Expansion Grants Awarded
Published November 3, 2022
U.S. Ag Secretary Tom Vilsack announced that the Biden Administration is investing $73 million in 21 grant projects through the first round of the Meat and Poultry Processing Expansion Program. This announcement will help expand meat and poultry processing capacity,…Boost in Dry Conditions is Odd
Published October 13, 2022
USDA Midwest Climate Hub Director Dennis Todey is not too concerned about the dry conditions in the Northern Plains in a localized sense. "There hasn't been much precipitation over the last 30 to 60 days. Along with that, we've had…Soybean Yield Forecast Adjusted Lower
Published October 12, 2022
As expected, the USDA lowered the U.S. corn yield forecast. Yields are estimated at 171.9 bushels per acre, a decline from 172.5 bushels per acre last month. Traders expected soybean yields to be in line with September, but USDA lowered…