Winnipeg – An unexpected upward revision to this year’s United States corn yields sent prices dropping Wednesday, and more losses are likely, according to market analysts. The U.S. Department of Agriculture pegged average corn yields at 181.3 bushels per acre in a report released Sept. 12. That was up by about three bushels per acre […] Read more
Tag Archives USDA — page 5
USDA shocks with record U.S. corn, soy yields outlook
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
USDA proposes pork grading focus on flavour, texture
If adopted, the grading system would once again play up pork as a red meat and drop the white meat comparison
Pork is getting closer to becoming “the other steak” and backing away from being “the other white meat,” says a taste-focused pig genetics company. And it believes that’s the best news the pork market has had in years. “I think it’ll create an evolution. The premium will be for hard marbling, darker meat, closer to […] Read more
U.S. corn, soybean harvests bigger than expected — USDA
WASHINGTON, Nov. 9 (Reuters) – The U.S. Department of Agriculture raised its already record forecast for U.S. corn and soybean harvests on Wednesday, with gains keyed by increased yield estimates in major production states such as Iowa, Minnesota and Ohio. The market expected a soybean increase, but thought corn would be smaller. The bumper harvest […] 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
Analyst questions USDA corn estimates
Market prices have adjusted to account for the United States Department of Agriculture’s projections of yield from last month’s report, but are they right? Does it matter? Bryce Knorr analyzes markets for the American Farm Futures information service. He told farmer audiences in packed tents at last week’s Farm Progress Show in Boone, Iowa, that […] Read more
