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

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

Markets react to surprising corn acres

Soybean prices follow | USDA found farmers planted two million more acres than expected, hitting 97.38 million

Surprised traders pushed crop and livestock prices down when the U.S. Department of Agriculture reported two million extra acres of corn growing in American fields than what traders expected. The USDA reinforced the market’s negative mood when it came to crop prices this year, and that’s not good for anyone still needing to price 2013-14 […] Read more

Corn forecast high, says broker

Cattle feed | Analyst says demand from livestock sector will fall well below USDA’s projection

Corn markets are focused on the wrong thing, says a grain analyst. Most of the chatter surrounding the May 10 edition of the U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates was about the burdensome supply of corn forecast for 2013-14. “I’ve already read a bunch of newsletters that are already talking about […] Read more