The recent World Agriculture Supply and Demand (WASDE) report by the Department of Agriculture projects corn and soybean farmers will grow more crop than previously anticipated. USDA on Wednesday increased 2017-18 corn production to an estimated 14.255 billion bushels and soybean production to 4.26 billion bushels. Corn production came in slightly above the highest pre-report estimates while soybean production came …
Meat Production Forecast Lowered
The U.S. Department of Agriculture’s (USDA) latest World Agriculture Supply and Demand Estimates report was released last Friday, and in the Livestock, Poultry, and Dairy section, the forecast for total meat production for 2017 was lowered from last month but is raised for 2018. Beef production for 2017 was lowered primarily on lighter carcass weights which more than offsets higher …
USDA Releases Latest WASDE Report
The U.S. Department of Agriculture’s latest World Agriculture Supply and Demand Estimates report released Friday offered no changes to U.S. corn ending stocks and increased the ending stocks estimate for soybeans. USDA increased soybean ending stocks for new crop soybeans to 495 million bushels, up from 480 million last month, and left new-crop corn ending stocks unchanged at 2.1 billion …
May WASDE Report Mostly Neutral
The monthly World Agricultural Supply and Demand Estimates report by the Department of Agriculture released Wednesday predicts a U.S. corn crop of 14.06 billion bushels, down 1.08 billion from last year. The monthly report is also projecting a U.S. soybean crop of 4.25 billion bushels, down from the 4.3-billion-bushel crop last year. USDA projects ending stocks for new crop corn …
World Agricultural Supply and Demand Estimates
The World Agricultural Supply and Demand Estimates (WASDE) report was released showing U.S. wheat ending stocks for 2016/17 are raised 30 million bushels on lower feed and residual use. This month’s 2016/17 U.S. corn outlook is for increased corn used to produce ethanol, reduced feed and residual use and unchanged ending stocks. U.S. rice ending stocks for 2016/17 are lowered …