A recent buying spree means China is running away with the top spot on the U.S. corn buyer list six weeks into the marketing year. China has purchased 10.4 million tons for delivery during 2020-2021, twice as large as the sales to date for Mexico, which is usually the number one U.S. corn purchaser. “Our top customer for the current …
China Purchases More U.S. Corn as Fears of Shortages Increase
Private exporters report more large sales of U.S. corn to China. The Department of Agriculture reported on Wednesday two large export sales, one of 420,000 metric tons and another totaling 264,000 metric tons for the new 2020-21 crop year. China needs to continue increased corn purchases to reach the lofty targets included in the Phase One agreement with the United …
USDA Crop Report Forecasts Are Within Industry Expectations
USDA released their October crop forecasts last Friday, and according to a story from Stephanie Ho, the corn and soybean numbers are within industry expectations. Here are key findings for the Southern Region from the October Crop Production report: Alabama: Corn area planted for all purposes is estimated at 340,000 acres, down 30,000 acres from the previous estimate. Production is forecast …
USDA Announces Deadline to Submit Wildfire, Hurricane Disaster Assistance Applications
Final Opportunity for 2018 and 2019 Disaster Recovery Assistance (USDA/FSA) — The U.S. Department of Agriculture (USDA) announced Friday, Oct. 30, 2020, as the deadline to submit applications for the Wildfire and Hurricane Indemnity Program – Plus (WHIP+) for 2018 and 2019 losses. USDA did not originally specify a deadline when the program was announced. “The physical and financial loss experienced …
USDA Releases Quarterly Grain Stocks Report
USDA’s National Agricultural Statistics Service (NASS) has released its Quarterly Grain Stocks report, which indicates old crop corn stocks on hand as of Sept. 1, 2020, totaled 2.0 billion bushels, down 10% from 2019. Old crop soybeans stored in all positions were down 42%, and all wheat stocks were down 8% from a year earlier. Total corn stocks stored on …
U.S. Major Crop Production Estimates
Last Friday, the U.S. Department of Agriculture’s (USDA’s) National Agricultural Statistics Service (NASS) released its latest estimates for the major row crops grown here in the U.S. Tyron Spearman has a look at more of those numbers for peanuts, corn, soybeans and cotton. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in …
USDA Lowers Corn and Soybean Forecast
The latest round of crop forecasts shows lower numbers for both U.S. corn and soybeans. Gary Crawford has the new figures. According to USDA’s National Agricultural Statistics Service (NASS), key findings for the Southern Region from the September Crop Production include: Alabama: Corn for grain production is forecast at 57.9 million bushels, up 29% from 2019. Cotton acreage is revised …
Ethanol Groups File Court Briefing Supporting Year-Round E15
Responding to the oil industry’s effort to undermine the expansion of E15, ethanol groups filed a court brief supporting E15. Growth Energy, the Renewable Fuels Association and National Corn Growers Association recently filed the brief in the U.S. Court of Appeals for the D.C. Circuit. The brief supports and defends the Environmental Protection Agency’s 2019 regulation that finally allowed year-round …
Soybean-to-Corn Price Ratio Favors Soybeans
A report from the Department of Agriculture suggests soybeans are increasing in profitability over corn. The soybean-to-corn price ratio is often used as one of several tools in measuring profitability of soybeans and corn. The current ratio of U.S. soybean to corn prices has recently risen, sending a signal to farmers that the relative profitability of soybeans has increased over …
USDA to Measure Small Grain Production
ATHENS, GA – In the upcoming week, growers of small grains around the country will receive survey forms from the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). The agency is taking a comprehensive look into the 2020 production and supply of small grains, which include wheat, oats, and rye. “The small grains industry is an important part of …