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 [...]

WASDE challenges expectations for domestic sugar & corn demand

Intriguing WASDE sugar forecasts this month: A look at the bottom line shows an increase of 118,000 short tons raw value (STRV) in 2019/20 ending stocks, perhaps prompting a sense of relief as supply and markets seem to be improving. But that does not [...]

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 [...]

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 [...]

Smaller corn, soybean crop forecasts expected

USDA will publish the next WASDE on Sep. 12, and this year’s report is eagerly anticipated as it will reflect USDA’s first in-field evaluation of the 2019/20 corn and soybean crops. Ahead of publication, the industry is expecting USDA to confirm widespread belief in [...]

USDA projects 2 percent growth in soybean crush

In the August WASDE report, USDA forecast 2019/20 soybean crush at 2.115 billion bushels, up 50 million bushels from this season’s volume. With crush nearly complete for the 2018/19 marketing year, USDA is estimating total crush at around 2.07 billion bushels, about 1 percent [...]

Wheat futures market inverts post-WASDE release

On Thursday, Jul. 11, Jul-19 wheat futures rose 4.8 percent to a six-week high of $5.36 following the June WASDE release. This price is higher than both the Sep-19 and Dec-19 futures contracts, at $5.21 and $5.32, respectively. Jul-19 contract prices rose in reaction [...]

WASDE: New crop corn acreage & production forecasts increased

USDA forecasts U.S. corn acreage to increase to 83.6 million, up 1.2 million acres from the June WASDE report and the same figure reported on the June 28 Acreage report. The corn crop yield remained at 166.0 bushels per acre, 10.4 bpa less than [...]