Cheaper Feed Ahead?

September 10, 2009 07:00 PM
 
USDA's release this morning of this year's expected crop yields suggests corn and soybean meal could be cheaper after harvest. Much depends on whether frost comes early in the still maturing crops, however.
 
USDA projected a national corn crop of 12.955 billion bushels. If realized, that would be 844 million bu more than 2008, a 7% increase. Soybean yields are projected to jump to 3.245 billion bushels. That's a 286 million bushel jump, or nearly a 10% jump.
 
However, global carryover of corn stocks for the 2009/2010 fiscal year is projected to decline about 4%. Soybean carryover is projected to increase some 25% next year.
 
 
For a more complete analysis by Dairy Today's partners at ProFarmer, specialists in the grain trade, go to: www.agweb.com/get_article.aspx
 

Back to news


 

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close