MGEX Sets New Records

Cindy Zimmerman

2014 was a record year for the Minneapolis Grain Exchange (MGEX) in total volume of trading at 2,177,740. It marks the first time in history that the Exchange’s volume has surpassed 2 million in a calendar year. Electronic volume during 2014 was 1,856,423, which is also an all-time high for the Exchange. Total volume from 2014 was 47 percent higher …

Markets, MGEX

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