Corn
Farmers in west-central Missouri are planting at a rapid pace, with most already finished with corn and now moving to soybeans. The historic planting pace is also catching the attention of USDA-NASS.
The Delta farmer’s ardor for corn has cooled in the face of lower prices and high input costs. Soybeans, cotton and rice acres should gain as a result.
There were no major surprises in USDA’s latest WASDE report. USDA didn’t adjust U.S. corn or soybean yields in the July report, but cotton abandonment shows the brutal reality of this year’s drought.
USDA’s August Crop Production and World Agricultural Supply and Demand Estimates (WASDE) produced a few surprises, both when it came to possible crop supplies and adjustments to demand.