moscow

U.S. Wheat Restructuring Efforts Close Moscow Office

Dan Exports/Imports, Industry News Release, Trade, Wheat

As part of restructuring overseas offices, U.S. Wheat Associates will close its office in Moscow, Russia, at the end of this month. The organization says the reorganization reflects an effort to refocus resources toward markets with the best potential to grow U.S. wheat exports and returns for the farmers the organization represents. Based in part on the significant increase in …

usda corn

USDA Forecasts Record High Corn Yield and Soybean Production for 2018

Dan Corn, Soybeans, USDA-NASS, Wheat

U.S. farmers are expected to produce a record-high soybean crop this year, according to the Crop Production report issued by the USDA National Agricultural Statistics Service. Up 4 percent from 2017, soybean production is forecast at record high 4.59 billion bushels, while corn growers are expected to decrease their production slightly from last year, forecast at 14.6 billion bushels. Down …

wheat

Tightening Wheat Supplies in Europe and Black Sea Ripple Through Global Commodity Markets

Dan Corn, Industry News Release, Wheat

Combined wheat production in the European Union, Russia, and Ukraine is forecast down 12 percent from last year to the lowest level in 5 years. The EU wheat crop is down 9 percent from last year on hot, dry weather in the northern Member States, while production in Russia and Ukraine is down from recent bumper crops on a return …

yield

USDA Increases Corn, Soybean Production Forecast

Dan Corn, Industry News Release, Soybeans, Wheat

The Department of Agriculture Thursday upped its predictions for larger corn and soybean crops this year. The USDA World Agriculture Supply and Demand Report predicts corn production at 14.2 billion bushels and soybeans increasing to 4.3 billion bushels. The 2018/19 U.S. corn outlook includes larger supplies, greater feed and residual use, increased exports, and lower ending stocks. Increased 2017/18 exports …

japan

Japan TPP Ratification Brings Concerns for U.S. Wheat

Dan Industry News Release, Trade, Wheat

U.S. wheat farmers are concerned with the recent move by Japan to ratify the updated Trans-Pacific Partnership last week. U.S. Wheat Associates says implementation of the Comprehensive and Progressive Trans-Pacific Partnership without the United States is “a time bomb” set to demolish more than 60 years of work to develop a “large and loyal market” for U.S. wheat in Japan. …

corn

USDA Lowers Corn, Soybeans, Projected Ending Stocks

Dan Corn, Industry News Release

The Department of Agriculture lowered 2017/2018 ending stocks for corn and soybeans in its latest monthly World Agriculture Supply and Demand Estimates. USDA reduced ending stocks for corn 105 million bushels to 1.57 billion bushels, which if reached, would be the lowest level since 2013/2014. The season-average farm price is raised ten cents at the midpoint with a range of …

conaway

Conaway Comments on Trump Challenging India Market Practices

Dan Industry News Release, Trade

House Agriculture Chairman Mike Conaway says the Trump administration is holding India accountable in it’s latest trade move. The administration announced earlier a Word Trade Organization counter notification on India’s market price support for wheat and rice. In applauding the effort, Conaway says India has been “funneling illegal farm subsidies into its agriculture industry for too long.” Conaway, along with …

smaller corn

USDA Projects Smaller Corn, Soybean Crops

Dan Corn, Industry News Release, Soybeans, Wheat

The May World Agricultural Supply and Demand Estimates from the Department of Agriculture projects smaller corn and soybean crops this year. The corn crop is projected at 14.0 billion bushels, down from last year with a lower forecast area and yield. The yield projection of 174.0 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and …

soybean

WASDE Report Predicts Record Soybean Crop for Brazil

Dan Corn, Industry News Release, Soybeans, Wheat

The latest World Agriculture Supply and Demand (WASDE) Report from the Department of Agriculture shows Brazil is reaching a record soybean planting. USDA predicted a record Brazilian soybean crop in the report Tuesday of 115 million metric tons, or 4.2 billion bushels. Domestically, U.S. soybean supply and use changes for 2017/18 include increased crush, lower seed and residual use, and …

usda corn

USDA Report Indicates Increased Corn Demand

Dan Corn, Industry News Release, Soybeans, Wheat

The Department of Agriculture (USDA) has increased corn demand in it’s latest forecast for the 2017-18 crop year. The monthly World Agriculture Supply and Demand report increased exports of corn by 175 million bushels to 2.2 billion bushels based on price competitiveness, and increased expected corn ethanol use by 50 million bushels to 5.5 billion bushels. The average price for …