“Nitrogen is a farmer's biggest investment in corn production, so we need to do everything we can to protect it,” said Dan Quinn, assistant professor of agronomy at Purdue University.
The EPA yesterday released its final version of the Clean Water Rule, formerly known as the "Waters of the U.S." They also released industry-specific factsheets with information on the new rule. Here is the one for agriculture.
The May USDA reports have now come and gone. Dan Hueber thinks there is only one message to carry away, which, realistically, should not have been shocking.
The 2015 yield outlook is not raised, despite the rapid pace of late-April and early-May planting, as more than 90 percent of the variability in the corn yield is determined by July precipitation and temperatures in the Midwest, which are unknowable at this time.
U.S. all rice 2014/15 supply and use changes result in a 1.5 million cwt increase in ending stocks to 42.4 million, up 33 percent from the previous year.
Long-grain rice ending stocks are projected at 27.1 million cwt, the largest since 2010/11. Medium- and short-grain ending stocks are unchanged at 11.5 million.
USDA estimates corn yield at 171 bushels per acre on 83.1 million harvested acres. Soybean yields hit 47.8 bushels per acre on 83.1 million harvested acres.
At 14.5 billion bushels, 2014 corn production is forecast to be the highest production on record for the United States. The forecasted yield, at 174.2 bushels per acre, is also expected to be a new record high.
U.S. 2014/15 rice supplies are lowered 11.5 million cwt because of declines in both beginning stocks and production, while imports are unchanged from a month ago.
Average all rice yield is forecast at 7,560 pounds per acre, up 91 pounds per acre from last month’s projection, but down nearly 2 percent from last year’s record.
Corn planted area for all purposes in 2014 is estimated at 91.6 million acres, while soybean planted area for 2014 is estimated at a record high 84.8 million acres.
Projected corn production holds at a record 13,935 million bushels, and U.S. corn yield remains at 165.3 bu. per acre as favorable weather offsets planting delays.
The 2014 forecast of total red meat and poultry production is lowered from last month as higher beef production is more than offset by lower pork, broiler, and turkey production.
This is the highest milling yield achieved since 2009/10 and is a full percentage point higher than last year as U.S. crop conditions were mostly favorable throughout the 2013 growing season.
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