USDA Acreage Report Released

Cindy Zimmerman

More soybeans and less corn planted this year, according to the USDA planted acreage report released today. USDA’s National Agricultural Statistics Service (NASS) is estimating a record high 84.8 million acres of soybeans planted in the United States for 2014, up 11 percent from last year, while corn acreage planted is estimated at 91.6 million acres, down 4 percent from …

Audio, Corn, MGEX, Soybean, USDA

USDA Forecasts Record Soybean Plantings

Cindy Zimmerman

According to the USDA 2014 Prospective Plantings report released today, farmers are intending to plant an estimated 81.5 million acres of soybeans in 2014, up six percent from last year and an all-time record high if realized, surpassing the previous record of 77.5 million acres planted in 2009. Planted acreage intentions for soybeans are up or unchanged in all states …

Audio, Corn, Government, MGEX, Soybean, USDA, Wheat

More Corn for Export

Cindy Zimmerman

To the surprise of traders, USDA increased the projection for U.S. corn exports this marketing year, lowering ending stocks in the latest World Agricultural Supply and Demand Estimate (WASDE) report. U.S. feed grain ending stocks for 2013/14 are expected lower with a 150-million-bushel increase projected for corn exports. Jack Scoville of the Price Futures Group discussed the estimates during the …

Audio, Corn, Exports, Government, MGEX

Canadian Farmers Have Record Year

Cindy Zimmerman

Canadian farmers harvested record crops this season, according to the latest report out today from Statistics Canada. Production of most field crops increased this year in Canada compared with 2012 with both canola and wheat production reaching record levels. Canola production increased 29.5% from 2012 to a record 18.0 million tonnes with a record average yield of 40.0 bushels per …

Audio, Government, MGEX, Wheat

14 Billion Bushels of Corn!

Cindy Zimmerman

Despite all the challenges that faced farmers this season, the nation’s corn crop is on track to be a record high 14.0 billion bushels, according to the new crop production report released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). NASS revised the planted corn acreage downward in the new report, but increased the yield estimate …

Audio, Corn, MGEX, Soybean, USDA, Video

USDA September Crop Forecast

Cindy Zimmerman

Despite a slowly maturing corn crop impacted by late summer heat, USDA upped its production forecast for the crop this year by a little bit instead of lowering it. Corn production is forecast at 13.8 billion bushels, up less than 1 percent from the August forecast and up 28 percent from 2012. If realized, this will be a new record …

Audio, Corn, MGEX, Soybean, USDA

Surprising Acreage Report from USDA

Cindy Zimmerman

Despite the challenging planting conditions this spring USDA is saying that farmers have planted even more corn than last year and the most acres in 77 years, according to Friday’s Acreage report. Corn planted area for all purposes in 2013 is estimated at 97.4 million acres, up slightly from last year. This represents the highest planted acreage in the United …

Audio, Corn, MGEX, Soybean, USDA

MGEX Commentary on Plantings Report

Cindy Zimmerman

A little more corn, a little less soybeans, more wheat and a lot less cotton – that summarizes the USDA 2013 Prospective Plantings report out today. Corn growers intend to plant 97.3 million acres of corn for all purposes in 2013, up slightly from last year and 6 percent higher than in 2011. If realized, this will represent the highest …

Audio, Farming, MGEX, USDA