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 …
China May Be Getting U.S. Soybeans Through the Backdoor
It’s possible that Chinese soybean buyers could still be getting American soybeans by purchasing their beans from Argentina. Export reports show that Argentina is buying soybeans from the U.S. and exporting its own production to China. However, a grain market expert says that’s not likely because a drought left Argentina grain stocks in short supply. “The issue is that Argentina …
September USDA Stocks Report Bearish
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 …
China Passing on U.S. Soybeans, Purchasing from Brazil
China soybean processors are purchasing record volumes of Brazilian soybeans and cutting purchases of U.S. soybeans. U.S. soybeans face steep tariffs in China thanks to the ongoing tit-for-tat trade war between the U.S. and China. A Singapore-based trader told Reuters that China is “willing to pay higher prices for Brazilian beans than what domestic crushers are paying.” Brazil’s typical soybean …
U.S. Supplying More Than Half of the E.U. Soybeans
The European Commission released a report that says American farmers are now supplying more than half of the European Union’s soybeans. Over a 12-week period from July through mid-September, U.S. soy exports to the EU were 133 percent higher than the same time period in 2017. Politico says the U.S. supplied 25 percent of the EU’s soybeans needs from July …
Planting Crops for Sunbelt Ag Expo
The 2018 Sunbelt Ag Expo is just four weeks away. The event will be held Oct. 16-18 in Moultrie, Georgia. Show director Chip Blalock says organizers have been busy planting cotton and soybeans for this year’s show, and he explains why. Planting Crops for Sunbelt Ag Expo Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst …
Soybean Prices Improve 15 Percent if Tariffs Resolved
If the U.S. can get its trade disputes resolved, one economist says soybean prices could jump as much as 15 percent higher. Farm Journal’s Ag Web Dot Com quotes Jackson Takach of Farmer Mac as saying there’s no underestimating the importance of trade to agriculture. “One of every $4 or $5 in farm income is from foreign sources,” he says. …
More Details from USDA Crop Report
Tyron Spearman has more details from the September crop reports released this week by USDA’s National Agricultural Statistics Service (NASS). More Details from USDA Crop Report Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
WASDE Predicts Second-largest Corn Crop, Record Soybean Crop
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 …
Some Southeast Farmers Frantically Harvesting
Corn and soybean crops are coming along far ahead of normal. But as Gary Crawford reports, some farmers in the Southeast are rushing to harvest their corn ahead of the effects of Hurricane Florence. Some Southeast Farmers Frantically Harvesting Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024