CHICAGO, Sept 12 (Reuters) – The U.S. Agriculture Department on Wednesday issued a surprise increase to its corn harvest forecast due to expectations of record yields in key production areas such as Illinois, Iowa, Nebraska and Indiana. Soybean yields were seen at an all-time high, with the production outlook raised above its already record-high forecast. […] Read more
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U.S. soy acres top corn for the first time since 1983 – USDA
WASHINGTON, June 29 (Reuters) – U.S. farmers planted more soybean acres than corn for the first time in 35 years even as domestic soy supplies reached the biggest on record for early June, the U.S. Agriculture Department said on Friday. Growers hoped for better profits for the oilseed, which costs less to plant than corn, […] Read more
USDA sees U.S. corn, soy, wheat supplies falling in 2018/19
WASHINGTON, May 10 (Reuters) – U.S. soybean supplies are seen falling in the upcoming marketing year as domestic usage and exports are expected to remain strong even as production eases, the U.S. Agriculture Department said on Thursday. Domestic corn and wheat stocks are also expected to drop due to smaller harvests, according to the government’s […] Read more
Negotiations still best tool in U.S.-China trade row – Perdue
(Reuters) – U.S. Agriculture Secretary Sonny Perdue on Wednesday said negotiations were the preferred method for easing trade tensions between China and the United States. “Our first goal is to negotiate ourselves out of the saber rattling that has occurred and to make sure that these market disruptions do not have a permanent impact,” Perdue […] Read more
U.S. grain companies fear harm from new tax law
CHICAGO, Jan 9 (Reuters) – The new U.S. tax law is poised to drive more control over the nation’s grain supply to farmer-owned cooperatives, provoking concern among ethanol producers and privately run grain handlers that they could be squeezed out of the competition to buy crops. Until now, the cooperatives, private companies and publicly traded […] Read more
U.S. farmers tighten belts to compete with cheap LatAm grain
CHICAGO, Oct 26 (Reuters) – When Kansas farmer Tom Giessel drove over a deer carcass and punctured a tire on his combine during harvest this fall, he did not have the time or cash to fix it. He borrowed his neighbour’s tractor to finish. U.S. farmers are cutting costs any way they can to compete […] Read more
USDA raises corn crop on record yields, trims soy yields
WASHINGTON, Oct 12 (Reuters) – The U.S. Department of Agriculture on Thursday lowered its outlook for the soybean yield from its September forecast but left the total production view for the oilseed largely unchanged due to increased harvested acres. However, it lowered its forecast of year end soybean stocks. It bumped up its domestic corn […] Read more
U.S. winter wheat plantings lowest since 1909; stocks swell
WASHINGTON, Jan 12 (Reuters) – U.S. farmers slashed their winter wheat plantings to the lowest in more than a century as supplies of the grain ballooned to a 29-year high, the U.S. Department of Agriculture said on Thursday. The report was considered generally bullish as prices rose following the release. USDA also dialed back its […] Read more
U.S. wheat stocks biggest since ’87; corn, soy above 2015: USDA
WASHINGTON, Sept 30 (Reuters) – U.S. wheat supplies ballooned to the biggest in nearly 30 years during the summer months, topping expectations, as a 12 percent jump in production and weak demand on the export market filled storage bins, the government said on Friday. The U.S. Agriculture Department also reported corn and soybean stocks as […] Read more
U.S. corn, wheat supplies to rise as exports wane – USDA
WASHINGTON, Feb 9 (Reuters) – U.S. corn and wheat ending stocks will be higher than previously expected at the end of the marketing year due to a drop in already weak demand for U.S. supplies on the export market, the government said on Tuesday. The U.S. Department of Agriculture in its monthly supply and demand […] Read more
