Articles Tagged with ''World Agricultural Supply and Demand Estimates''

Old crop corn and soybean ending stocks stayed steady in the Department of Agriculture's latest World Agricultural Supply and Demand Estimates report released Monday.

Soaring prices for commodities ranging from corn to cotton have fueled a sense of optimism for some farmers this growing season, but economists and land investors warn that the highs could be short-lived and that higher cash rents and production expenses could squeeze growers sooner than they expect.

The Agriculture Department lowered its estimate of already tight ending stocks for soybeans as USDA increased its estimate of how much of the 2020 crop would be crushed.

A pair of reports from Department of Agriculture economists project a drop in American grain and oilseed production and overseas stocks on hand, prolonging a bump in commodity prices.

USDA is cutting its estimates of U.S. corn and soybean acreage after resurveying farmers and doing further analysis of areas of the Midwest hit hard by heavy rains this spring. 

July reports from the Department of Agriculture offered little surprise to traders, including when USDA stuck with the much-maligned June Acreage report data.

Big crops keep getting bigger, farmers say, and that looks to be the case this year. USDA today raised its harvest estimate for corn and soybeans, which were already forecast to be in record or near-record territory.

USDA on Friday raised its estimate for corn and soybean production, citing record or near-record yields. Futures fell following the reports.

The U.S. Department of Agriculture is predicting production declines this year for corn and soybeans, the nation’s two most valuable crops, while the all-wheat harvest is expected to jump by 5 percent.

WASHINGTON, July 12, 2017 – A USDA report on Wednesday boosted corn and soybean harvest projections while cutting anticipated returns for the nation’s wheat crop.