WASDE: Corn & soybean 2020/21 numbers released

USDA’s forecasts in the May WASDE were neutral to bearish for both corn and soybeans, as the industry expected. Although, there were still some slightly surprising numbers that were especially bearish or less bullish than expected. Starting with corn, 2020/21 production was forecast at [...]

Will 2020/21 bring corn & soybean bumper crops?

Ahead of USDA’s Annual Outlook Conference, corn and soybean analysts estimated planted acreage, production, and ending stocks for the 2020/21 U.S. crops. The forecasts presented were bearish compared to 2019/20 figures. Beginning with corn, estimated planted acreage averaged 93.6 million acres, almost 4 million [...]

WASDE: Corn exports lowered, soybean exports raised

USDA made limited yet anticipated changes to the 2019/20 supply and demand forecasts for corn and soybeans. U.S. corn exports were lowered 50 million bushels to 1.725 billion bushels. Despite unfavorable margins of late, ethanol and by-products demand was raised by 50 million bushels [...]

WASDE: Corn yield lowered to 167 bpa

In the Nov. 8 WASDE report, corn yield was lowered to 167.0 bushels per acre (bpa), down 1.4 bpa from the October report. Harvested acreage was unchanged at 81.9 million acres despite weather causing moderate fieldwork disruptions this past month. Accordingly, estimated corn production [...]

Lower corn & soybean figures expected in October WASDE

The latest USDA WASDE will be released Oct. 10 and could give a good indication of the new-crop corn and soybean late harvest results. For corn, the average of analyst expectations puts yield at 166.7 bushels per acre, down 0.5 bushels from the average [...]

Corn market feels pressure from uncertain demand

Harvest of the U.S. corn crop has begun. Production remains a little uncertain, with just 29 percent of this year’s crop at maturity as of Sep. 22, about two weeks behind the average pace of development. So far, it appears the weather will be [...]

WASDE: Corn, soybean yields, & production lower

USDA estimates 2019/20 U.S. corn harvested acreage at 82.0 million acres, unchanged from the August WASDE report. The corn yield estimate is 168.2 bushels per acre (bpa), down 1.3 bpa from August. Accordingly, corn production is forecast at 13.799 billion bushels, down 102 million [...]

Corn starch bioplastics could be useful in India

Prime Minister Narendra Modi is leading an effort to ban plastics in India. On Oct. 2, plastic bags, cups, plates, small bottles, straws, and other single-use plastic packaging will become banned in India, according to multiple sources. Modi’s goal is to ban single-use plastics [...]