The U.S. Agriculture Department also reported corn and soybean stocks as of Sept. 1 at multi-year highs despite record usage of both commodities during the June, July and August time period. | File photo

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

Prices for new crop corn, soybean and wheat all fell in the wake of the United States Department of Agriculture report last week.  |  File photo

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

Some analysts say reduced North American livestock herds and the potential for weak corn demand are not getting enough attention in crop markets.  |  File photo

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