Articles tagged under: USDA
USDA Increases Soybean Ending Stocks in July WASDE
Published July 12, 2020
In the July WASDE report, USDA increased new crop soybean ending stocks 30 million bushels to 425 million, a slight increase from some trade expectations. U.S. soybean production is forecast at 4.14 billion bushels, up 10 million on the increased…Grain Trade Transitions Back to Weather Focus
Published July 10, 2020
Traders quickly moved beyond USDA’s July Supply and Demand report and are now focused on the weather. "It's been raining every other day in Illinois. It's been very hot, but a lot of our clients in the I-states are receiving…Nothing Bearish in Friday’s USDA Report
Published July 10, 2020
The USDA released its July World Agricultural Supply and Demand Estimate report on Friday. Global Commodity Analytics and Consulting President Mike Zuzolo says there was nothing bearish in the report. "The biggest thing that jumped out at me was that…Weather Driving the Corn Markets
Published July 2, 2020
The weather forecasts will drive the corn market through pollination. "There's pockets of dryness in Minnesota, but for the most part, pretty ideal conditions there. South Dakota is half and half and Nebraska is dry, but land is irrigated," said…Grain Traders Surprised By USDA June Acreage Report
Published July 1, 2020
USDA’s June acreage report caught grain traders by surprise. According to USDA survey data, farmers planted 92 million acres of corn. That’s an increase of three percent from last year, but five million acres below the USDA’s previous estimate of…Corn Stocks Up, Wheat and Beans Down in the June Report
Published June 30, 2020
In the June Quarterly Grains Stocks Report from USDA, corn stocks as of June 1 were up less than one percent compared to the previous year at 5.22 billion bushels. That is above trade expectations of 4.95 billion bushels. On-farm…Record High Dry Bean Acreage in ND, Potato Number is Record Low
Published June 30, 2020
Nationwide, canola acreage is down eight percent from last year. The planted area for canola in North Dakota totals more than 1.5 million acres, down nine percent from last year. Minnesota canola acreage increased. Dry bean acreage throughout the country…HRSW Acreage Drops Four Percent
Published June 30, 2020
Nationwide, the area seeded to spring wheat is down four percent from last year. North Dakota is the largest spring wheat production state in the country with 6 million acres. That’s down ten percent from last year. Spring wheat acreage…Corn Acreage Declines in ND, Increases in MN, SD
Published June 30, 2020
North Dakota’s corn acreage dropped 1.1 million acres, totaling 2.4 million for 2020. Minnesota’s corn acreage moved from 7.8 million acres last year to 8.1 million this year. For South Dakota, corn acres rose just over one million acres, totaling…