Below is AgWeb's full coverage of the Sept. 11, 2014 reports, which include USDA's Crop Production and World Agricultural Supply and Demand Estimates (WASDE).
News & Analysis
A record forecast of 3.91 billion bushels of soybeans and 14.395 billion bushels of corn has market watchers shaking their heads.
With the USDA forecasting record crops in corn (14.395 billion bushels) and soybeans (3.91 billion bushels) this year, prices remain troubling to Jerry Gulke.
Bob Utterback of Utterback Marketing says the report was very bearish. The only opportunity for change is a substantial frost or freeze within the next 5 to 8 days.
Commodities fell to a five-year low on speculation abundant supplies and slowing economic growth outside of the U.S. will curb demand for raw materials.
Corn futures fell to the lowest in more than four years after a government report showed inventories will be larger than forecast in the U.S., the world’s top grower.
See how the reports are affecting prices. Visit the AgWeb Markets Center.
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World Agricultural Supply and Demand Estimates
Crop Production Reports
Read the full report.