The markets got some surprises from Thursday’s round of USDA crop production reports. Gary Crawford has the details.
USDA WASDE Report Released
Wheat: Projected 2017/18 U.S. wheat supplies are decreased this month on lower production, down 21 million bushels to just over 1.7 billion bushels. The August NASS production forecasts for durum and other spring wheat indicated a significant decline compared to last year, primarily due to continued severe drought conditions affecting the Northern Plains. Partially offsetting this decrease is higher winter …
USDA Forecasts Record-High Soybean Production in 2017
U.S. farmers are expected to produce a record-high soybean crop this year, according to the Crop Production report issued by the USDA’s National Agricultural Statistics Service. Up 2 percent from 2016, soybean production is forecast at 4.38 billion bushels, while corn growers are expected to decrease their production by 7 percent from last year, forecast at 14.2 billion bushels. Up 7 percent …
May Wheat, Cotton and Potato Crop Production
2017 Winter Wheat Production Down 25 Percent From 2016/Hay Stocks Down 3 Percent United States winter wheat production is forecast at 1.25 billion bushels, down 25 percent from 2016. As of May 1, the yield is forecast at 48.8 bushels per acre, down 6.5 bushels from last year’s record yield of 55.3 bushels per acre. State level data for Alabama, …
May Citrus Crop Forecast Has Small Changes
Mark Hudson of the U.S. Department of Agriculture’s National Agricultural Statistics Service issued the May 2017 citrus crop forecast. Florida forecast: United States forecast: Florida Oranges All Oranges The 2016-2017 Florida all-orange forecast is up 1 million boxes to 68 million boxes. The total includes 33 million boxes of the non-Valencia oranges (early, midseason, and Navel varieties) and 35 …
Final 2016 Cotton Crop Numbers
The U.S. Department of Agriculture’s National Agriculture Statistics Service (NASS) has released the final production figures from the 2016 cotton crop. Bianca Pruneda with NASS in Washington, D.C., reports that the crop was up 33 percent from the previous year.
Crop Forecast Sees Changes for Grapefruit, Tangerines and Mandarins
Mark Hudson of the U.S. Department of Agriculture National Agricultural Statistics Service issued the April 2017 citrus crop forecast. ORANGES The U.S. all-orange forecast for the 2016-2017 season is 5.11 million tons, down 1 percent from last month and down 16 percent from the 2015-2016 revised final utilization. The Florida all-orange forecast, at 67 million boxes (3.02 million tons), is unchanged from …
Florida Orange Forecast Drops 4 Percent
The citrus crop forecast, delivered by Mark Hudson of the U.S. Department of Agriculture’s (USDA) National Agricultural Statistics Service in Washington, D.C., showed a 4 percent drop in Florida oranges. In total, the U.S. all-orange forecast for the 2016-2017 season dropped 3 percent from last month and is down 13 percent from the 2015-2016 final utilization.
Non-Valencia Oranges 35.0 Million Boxes
Mark Hudson, USDA/NASS, Washington D.C. offered the February citrus crop forecast. The forecast of non-Valencia production is lowered 1.00 million boxes to 35.0 million boxes. Size and Drop components were final last month. The Row Count survey conducted January 26-27, 2017, showed 72 percent of the early-mid-season rows, and 83 percent of the Navel rows are harvested. Estimated utilization to …
Corn, Soybean Production Up in 2016
USDA Reports Winter Wheat Seedings and Grain Stocks also reported Ample rain and moderate temperatures across the Nation’s mid-section led to record-high yield and production for corn and soybeans, both key U.S. crops, in 2016, according to the Crop Production 2016 Summary released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS).