Crop Production Report for 11/10/14

Published on: 17:35PM Nov 10, 2014
 

Sign up: Learn a better way to hedge for free

 
Attention Corn & Soybean Producers:

Feel free to inquire on learning about the best way to hedge. In my opinion my strategy is the best I have seen since I became a member in 1976 trading corn and soybeans for my own account.


Are you tired of listening to the same BULL ****, and services that do not have a plan if the market goes down instead? Hedge means to take risk off the table, and my service has all producers 100% hedged and they do have most of the upside unhedged (if we can rally for whatever reason). Hedge with a Pro and option expert who has been trading grains for 40 years. 

Sign up: Free 1 Day Trail of My Daily Numbers & Hedge Ideas 
 

Crop Production


Released November 10, 2014, by the National Agricultural Statistics Service 
(NASS), Agricultural Statistics Board, United States Department of 
Agriculture (USDA).

 

Corn Production Down Slightly from October Forecast
Soybean Production Up Less Than 1 Percent
Cotton Production Up Less Than 1 Percent
Orange Production Unchanged

Small Grains Update
Survey respondents who reported barley, oats, Durum wheat, or other spring 
wheat acreage as not yet harvested in Colorado, Idaho, Minnesota, Montana, 
North Dakota, South Dakota, Utah, and Wyoming during the surveys conducted in 
preparation for the Small Grains 2014 Summary, released September 30, 2014, 
were re-contacted in late October to determine how many of those acres were 
actually harvested and record the actual production from those acres. Based 
on this updated information, several changes were made to the estimates 
published in the Small Grains 2014 Summary. Because unharvested production is 
a component of on-farm stocks, changes were made to the September 1 on-farm 
stocks levels comparable with the production adjustments.

Corn production is forecast at 14.4 billion bushels, down slightly from the 
previous forecast, but up 3 percent from 2013. Based on conditions as of 
November 1, yields are expected to average 173.4 bushels per acre, down 
0.8 bushel from the previous forecast but 14.6 bushels above the 2013 
average. If realized, this will be the highest yield and production on record 
for the United States. Area harvested for grain is forecast at 83.1 million 
acres, unchanged from the previous forecast but down 5 percent from 2013.

Soybean production is forecast at a record 3.96 billion bushels, up less than 
1 percent from October and up 18 percent from last year. Based on November 1 
conditions, yields are expected to average a record high 47.5 bushels per 
acre, up 0.4 bushel from last month and up 3.5 bushels from last year. Area 
for harvest in the United States is forecast at a record 83.4 million acres, 
unchanged from last month.


Soybeans: Area for harvest is forecast at a record 83.4 million acres, 
unchanged from October but up 9 percent from 2013.

The November objective yield data for the combined 11 major soybean-producing 
States (Arkansas, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, 
Nebraska, North Dakota, Ohio, and South Dakota) indicate a higher pod count 
compared with last year as conditions have generally been more favorable 
across the Midwest. Compared with final counts for 2013, pod counts are up in 
eight of the eleven published States. The largest increase from 2013's final 
pod count is expected in Missouri, up 555 pods per 18 square feet. An 
increase of more than 200 pods per 18 square feet is expected in Arkansas, 
Illinois, and Iowa.

Soybean harvest in the 18 major States was 10 percent complete at the end of 
September, equal to last year's pace but 7 percentage points behind normal. 
Rain across much of the central Corn Belt slowed harvest during the early 
part of October. As of October 19, harvest was 53 percent complete, 8 
percentage points behind last year and 13 percentage points behind normal. At 
that time, harvest progress in Illinois, Indiana, Kansas, Michigan, Missouri, 
Ohio, and Wisconsin had fallen behind normal by 20 percentage points or more. 
Drier weather during the latter part of October allowed harvest progress to 
catch up to or surpass the normal pace in most States by the end of the 
month. As of November 2, harvest was 83 percent complete, 2 percentage points 
behind last year but equal to the 5-year average. Progress was only behind 
normal by more than 10 percentage points in Indiana, Kentucky, Michigan, and 
Ohio at that time.


Want to know what I think for tomorrow and going forward?


The markets covered daily are 2014 & 2015 Soybeans and Corn.


My numbers are sent before the night session begins. (via your email)

 

Find out why my subscribers keep renewing this service for years. 
 
Howard Tyllas Daily Numbers and Hedge Ideas is designed to help you plan your hedging strategies, and speculators for day or longer term trading.

 $299.00 USD for each month, renewable monthly. Rate will be $349 as of January 1, 2015. Sign up before then, your $299 rate stays with you forever. 

 

 

Howard Tyllas 
Put yourself in a position to make money, use the daily numbers service!

Email: [email protected]

http://www.futuresflight.com/

Tel.1-312-823-9189, 1-702-405-7245