U.S. Department of Agriculture
The latest Crop Progress report from USDA-NASS shows declining conditions for corn and soybean crops, and delayed corn maturity.
USDA lowered corn yields and increase soybean yields, despite poor crop ratings in many areas. Jerry Gulke provides his take.
After the USDA’s June 30 acreage report last Friday, some people were questioning its accuracy. The March 30 prospective planting report had corn and soybeans within 500 thousand acres of each other, and many anticipated some of those corn acres moving to beans after April and May made for one of the wettest springs on record. But the June report widened that gap to 1.4 million acres, with corn currently estimated at 90.9 million acres and soybeans at 89.5 million acres.
Find out what you need to know about the data, the market’s reaction, and what you need to do after USDA’s release of the March 31 Prospective Plantings and quarterly Grain Stocks reports.
Grain markets yawned Thursday after the release of the latest supply and demand report from the USDA.
Brazil’s farm economy will rebound in 2017 with a record harvest pushing up grain exports and expanding the country’s livestock industry, according to analysts’ forecasts.
There wasn’t anything to get excited about in regard to USDA’s monthly WASDE and Crop Production reports. Though, that was to be expected, says Jerry Gulke, president of The Gulke Group.
USDA will release its latest supply and demand report Wednesday, and markets are getting ready for adjustment from yield expectations.
AgWeb.com will have full coverage of USDA’s April reports, following the 11 a.m. Central Time releases.