Pro Farmer Reaction to Bearish USDA Report

August 11, 2017 12:56 PM

The August World Agricultural Supply and Demand Estimates (WASDE) and crop production reports from the USDA turned out to be bearish, despite what many producers where hoping.

Domestic carryover in new crop corn was trimmed slightly to 2.273 billion bushels from the July estimate, while old crop corn was untouched.

New crop soybean ending stocks pushed higher to 475 million bushels. Old crop dipped to 370 million bushels.

These reports are sending negative signals across commodity markets.

Watch reaction from Pro Farmer editor Brian Grete on AgDay above.

Back to news


Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


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!


Market Data provided by
Brought to you by Beyer