Below is AgWeb's full coverage of the Aug. 12, 2014 reports, which include USDA's Crop Production and World Agricultural Supply and Demand Estimates (WASDE).
News & Analysis
But a conservative forecast of just more than 14 billion bushels provided support to corn prices, says Jerry Gulke, president of the Gulke Group.
U.S. farmers will harvest a record 3.816 billion bushels this year, compared with 3.8 billion estimated in July, USDA said today.
Kevin Van Trump of Farm Direction says the USDA seems to be taking a conservative approach to raising yields. They also seem to be expanding demand possibilities. Expect lower highs and lower lows on prices in the next couple months.
Chip chats with Dan Hueber of The Hueber Report and breaks down the USDA report that came out today.
Tommy Grisafi of Advance Trading says most traders view the report as friendly for corn. A very large equity swing for hogs, with a large price drop. The market is a little volatile.
See how the reports are affecting prices. Visit the AgWeb Markets Center.
What do you think of this month's reports? Join the discussion!
Crop Production Reports
Read all of AgWeb's Pre-Report Analysis of Aug. 12 Reports
WASDE: Corn Yield Forecast at Record 167.4 Bu. per Acre
Sinkhole Threat Emerges Around Shuttered Potash Mine