WASDE Lowers Wheat, Corn and Soybean Forecasts

Cindy Zimmerman

The latest World Agricultural Supply and Demand Estimates (WASDE) report from USDA has lower production and reduced use in the outlook for wheat, corn and soybeans. Wheat supplies are decreased 42 million bushels, based on updated production estimates for the states resurveyed following the NASS Small Grains Summary, issued September 30. Adjustments to production in these States, where significant acreage …

Audio, Corn, MGEX, Soybean, USDA, Wheat

USDA Corn Acreage Report Surprises

Cindy Zimmerman

With all the weather-related planting delays we’ve had, USDA’s National Agricultural Statistics Service (NASS) Acreage report out Friday was a big surprise to the trade with corn acres estimated to be three percent higher than last year. At the same time, soybean acres are estimated to be the lowest in six years. Corn planted area for all purposes in 2019 …

AgWired Animal, AgWired Energy, AgWired Precision, Audio, Corn, MGEX, Soybean, USDA

Farmers Expected to Plant More Corn, Record Low Wheat

Cindy Zimmerman

More corn, but less soybeans, wheat and cotton is USDA’s forecast for Prospective Plantings this season. The report released on Friday puts corn planted acres for this year at 92.8 million acres, up 4 percent or 3.66 million acres from last year. Soybean planted area for 2019 is estimated at 84.6 million acres, down 5 percent from last year. All …

Audio, Corn, Cotton, MGEX, Soybean, USDA, Wheat

USDA Expands Crop Forecast from Last Month

Cindy Zimmerman

The 2018 corn, soybean, and cotton crops are all forecast to be two percent larger than USDA predicted in August, in the latest crop production report issued Wednesday. Corn production is now forecast at 14.8 billion bushels, up 2 percent from August and up 2 percent from last year. Based on conditions as of September 1, yields are expected to …

Audio, Corn, Cotton, MGEX, Soybean, USDA

Planted Acreage Report Surprises

Cindy Zimmerman

USDA’s planted acreage report out Friday contained some surprising numbers for the trade. The National Agricultural Statistics Service (NASS) estimates 89.6 million acres of soybeans planted in the United States for 2018, down 1 percent from last year, and corn area planted is estimated at 89.1 million acres, also down 1 percent from last year. All cotton planted area for …

AgWired Energy, AgWired Precision, Audio, Markets, MGEX, USDA

Farmers Intend to Plant Less Corn and Soybeans in 2018

Cindy Zimmerman

U.S. farmers are expected to plant more soybean acres than corn but overall intentions are down slightly from the record year in 2017, according to the Prospective Plantings report released today by the USDA’s National Agricultural Statistics Service (NASS). Producers surveyed across the United States intend to plant an estimated 89.0 million acres of soybeans and 88.0 million acres of …

Audio, Corn, MGEX, Soybean, USDA, Wheat

MGEX Records Highest Volume in 2017

Carrie Muehling

MGEX recorded its highest calendar year volume in 2017 at 2,803,549 contracts. This number broke the previous record set in 2015. In addition, MGEX options volume for 2017 nearly doubled the preceding record of 61,226 contracts set in 2002. The Exchange also set a new annual electronic volume record with numbers 22 percent higher than the previous one. The best …

Markets, MGEX

USDA Forecast Optimistic Despite Conditions

Cindy Zimmerman

U.S. farmers are expected to produce a record-high soybean crop this year, according to USDA’s August Crop Production report released Thursday. Soybean production is forecast at 4.38 billion bushels, up two percent from last year, while corn growers are expected to decrease their production by seven percent from last year, forecast at 14.2 billion bushels. Soybean yields are expected to …

AgWired AgNewsWire, AgWired Energy, AgWired Precision, Audio, Corn, MGEX, Soybean, USDA, Wheat

More Beans and Cotton, Less Corn and Wheat

Cindy Zimmerman

The first estimate for crop plantings this year by USDA is calling for less corn and wheat but more soybeans and cotton. The 2017 Prospective Plantings report based on farmer surveys estimates that corn planted area for all purposes in 2017 will be 90 million acres, down 4 percent or 4.0 million acres from last year. Soybeans planted area for …

Audio, Corn, Cotton, MGEX, Soybean, USDA, Wheat

MGEX Breaking Records

Cindy Zimmerman

MGEX reached its highest open interest total of all-time yesterday, closing the day at 91,935 and surpassing the previous record by more than 1,300. It is the best open interest total in the 135 year history of the Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO). Each day of the last two weeks has been a top three day, …

Futures, MGEX