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 …

poultry

Florence Washing Away Cotton and Tobacco Crops

Dan Corn, Cotton, Industry News Release, Soybeans, Weather

The record-setting and still-rising floodwaters of Hurricane Florence are wreaking havoc on cotton and tobacco crops in the Carolinas. North Carolina Farm Bureau spokesperson Lynda Loveland says it’s going to take some time to get an accurate picture of the damage to flooded tobacco, cotton, corn, soybean, and sweet potato fields because they’re still flooded. Bloomberg says it’s going to …

corn crop

WASDE Predicts Second-largest Corn Crop, Record Soybean Crop

Dan Corn, Industry News Release, Soybeans

The Latest World Agriculture Supply and Demand report predicts the second-largest corn crop for the United States this year and a record soybean crop. Corn production is forecast at 14.82 billion bushels, up 241 million from last month on an increased yield forecast. The outlook predicts larger production, increased domestic use, greater exports, and higher ending stocks. The season-average corn …

ethanol

Refiner Waivers Could Cost Ethanol Industry $20 Billion

Dan Corn, Energy, Industry News Release

New research estimates the U.S. ethanol industry could lose 4.6 billion gallons of domestic demand and $20 billion in sales from the administration’s approach to the Renewable Fuel Standard. Economists at the University of Missouri estimated the losses over the next six years, if the Environmental Protection Agency continues exempting dozens of small refiners from their blending obligations under the …