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
Tag Archives USDA report
U.S. wheat stocks bigger than expected, now watching weather
Winnipeg (CNS Canada) – A larger-than-expected wheat ending stocks forecast from the United States Department of Agriculture weighed on the country’s wheat futures on Thursday, with attention now squarely on weather conditions. The government agency pegged wheat carryout for the upcoming 2018/19 marketing year at 955 million bushels, which was about thirty million bushels above […] 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
USDA wheat seeding forecast questioned
A United States wheat expert thinks there will be less spring wheat and more durum than the U.S. Department of Agriculture expects. The USDA forecasts 12.6 million acres of U.S. spring wheat, a 15 percent increase compared to last year. However, lacklustre prices and a late start to spring planting in the northern Plains since […] Read more
Shocker USDA reports leave questions for traders
WINNIPEG (CNS Canada) – Two much anticipated reports from the United States Department of Agriculture (USDA) sent markets soaring and left traders speechless in the last trading day before the Easter holiday. The USDA released its quarterly grain stocks and prospective plantings reports at 11 a.m. CDT on March 29. Traders had been expecting corn […] Read more
USDA forecasts mostly fall, but market doesn’t rise much
Canola fell on news that American soybeans are in ample supply and Brazil’s crop still looms large. The USDA supply and demand report for March told a tale the market was mostly ready for. Corn was the winner for the day, with nearby futures prices on Chicago rising to match the high-point for the year, […] 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
Black Sea expects bumper wheat crop
Don’t expect any supply relief from Black Sea wheat, says an analyst. “We’ve got another bumper crop of wheat coming out of Ukraine and Russia,” said Mike Lee, owner of Green Square Agro Consulting. He recently conducted a five-day, 2,500 kilometre tour of fields in the main wheat growing regions of Russia and Ukraine. Following […] 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
Bin busting wheat harvest
The U.S. Department of Agriculture’s latest quarterly stocks report was devoid of the usual surprises. “Today’s report was fairly tame compared to many Sept. 30 reports that we’ve had,” said Arlan Suderman, chief commodities economist with INTL FCStone. The one number that caught most analysts off guard was U.S. wheat stocks of 2.527 billion bushels […] Read more
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