exports

USDA Expects Exports to Fall In 2019

Dan Corn, Exports/Imports, Industry News Release, Soybeans

The Department of Agriculture is projecting a $1.9 billion drop in exports this year, led by a decline in trade with China. While talks remain ongoing between China and the United States, USDA during its 95th annual Agricultural Outlook Forum Thursday predicted 2019 fiscal year exports at $141.5 billion. USDA Chief Economist Robert Johansson told attendees China is expected to …

usda

USDA Releases Shutdown-delayed Reports

Dan Corn, Field Crops, Industry News Release, Soybeans, Wheat

The Department of Agriculture’s backlog of reports delayed from the government shutdown overall provided a neutral outlook. USDA reported 2018 corn production at 14.4 billion bushels with a national average yield of 176 bushels per acre. Meanwhile, USDA says farmers harvested a record 4.5 billion bushels of soybeans, up three percent from last year, with a national average yield of …

drought monitor

Drought Monitor: Wet Harvest Continues Next Week

Dan Corn, Industry News Release, Soybeans, Weather

The U.S. Drought Monitor weekly update shows more wet weather ahead for the Midwest. Much of the Corn Belt received adequate or above needed moisture this growing season. However, pockets in Missouri, Kansas and Oklahoma were extremely dry. Recent rains have turned the tables, and much of the Midwest is experiencing wet harvest conditions. The Drought Monitor notes that a …

hurricane michael

Updated Damage Assessments from Hurricane Michael Released

Dan Corn, Cotton, Forestry, Georgia, Industry News Release, Peanuts

New and updated damage assessments continue to show unprecedented losses for Georgia’s number one industry. “These estimations are a clear indicator of the unfortunate devastation many of our farmers and farm families have had to endure,” said Georgia Agriculture Commissioner Gary W. Black. “These staggering numbers are tough to read, but Georgia farmers have shown great resilience through this unsettling …

wasde

WASDE Anticipates Lower Harvests for Corn and Soybeans

Dan Corn, Industry News Release, Soybeans

The October World Ag Supply and Demand (WASDE) report predicts corn and soybean yields will both be lower than previously expected. Corn production is forecast at 14.78 billion bushels, down 49 million bushels due to a reduced yield forecast. Corn supplies going into harvest are forecast to be a record-high number, exports were raised by 75 million bushels, and USDA …

september

September USDA Stocks Report Bearish

Dan Corn, Industry News Release, Soybeans, Wheat

The USDA reported larger than expected inventories of corn, soybeans, and wheat in its September 1st Stocks Report, which analysts call bearish for the markets. The corn supplies came in at 2.14 billion bushels, which is 138 million more than the last estimate of old-crop carryout. USDA says feed usage was likely smaller than expected, reducing the number of bushels …