The markets got some surprises from Thursday’s round of USDA crop production reports. Gary Crawford has the details.
Corn futures tumbled Thursday afternoon after the release of USDA’s first survey based forecasts. Gary Crawford has the story.
U.S. corn production for 2017 is forecast at 14.2 billion bushels, down 7 percent from last year. Based on conditions as of August 1, yields are expected to average 169.5 bushels per acre. Soybean production is forecast at a record high 4.38 billion bushels, up 2 percent from last year. All cotton production is forecast at 20.5 million 480-pound bales, …
In the August crop report from USDA’s National Agriculture Statistics Service, the U.S. cotton acreage estimate is the same as the June report. Bianca Pruneda with NASS in Washington D.C. has the latest numbers.
USDA’s National Agriculture Statistics Service (NASS) released their August crop reports today, and according to a report from Tyron Spearman, peanut acreage in the U.S. will be up over 30% from last year.
Producers have until the last day of June to sign up to be counted in the 2017 Census of Agriculture. Rod Bain has the details.
USDA’s National Agricultural Statistics Service is counting down to the beginning of the next Census of Agriculture, a survey which is conducted every five years. Tyron Spearman reports the surveys for the census will be mailed at the end of the year.