Corn prices eclipse $7 per bushel

Futures activity A bullish WASDE report last Monday pushed spot corn futures above $7 per bushel for the first time in two months, hitting $7.12 per bushel on that day’s close. S&D and fundamental factors Monday’s WASDE report was in line with expectations in [...]

September WASDE sees tighter corn & soybean balance sheets

USDA reduced acreage and yield estimates for 2022/23 corn and soybeans. The declines in both crops’ production numbers were partially offset by lower use forecasts, but ending stocks are still expected to drop notably from 2021/22 in a highly competitive market. For corn, the [...]

U.S corn forecast unchanged, higher soybean crush in February WASDE

The February WASDE report was almost the same as January’s, with no changes to the U.S corn balance sheet and only slight adjustments to soybean figures. USDA left its 2021/22 U.S corn production and yield estimates unchanged from last month’s report at 177 bushels [...]

WASDE: Yields higher for corn, lower for soybeans

In the November WASDE, estimated 2021/22 U.S. corn yield was raised 0.5 bushels per acre (bpa) to 177.0 bpa, which would be the highest yield on record. With this improved yield, estimated new-crop production rose to 15.062 billion bushels, up 43 million bushels from [...]

WASDE: Higher carry-in & bigger crop pad 2021/22 corn stocks

In the October WASDE, 2021/22 U.S. corn beginning stocks are estimated at 1.236 billion bushels, up 49 million bushels from September. Estimated 2021/22 corn yield is 176.5 bushels per acre (bpa), up 0.2 bpa from the previous estimate and above industry expectations. With improved [...]

WASDE: New-crop corn production & stocks raised

In the September WASDE, 2021/22 U.S. corn yield was estimated at 176.3 bushels per acre (bpa), up 1.7 bpa from August and above the average industry estimate. USDA also raised its 2021/22 harvested area estimate by 600,000 acres to 85.1 million acres. Improved yield [...]

Drop in 2021/22 corn production impacts use, stocks

The August WASDE shows national corn yield in 2021/22 at 174.6 bushels per acre (bpa), down 4.9 bpa from the original forecast. This drop in yield pushed production down to 14.750 billion bushels, still the second-largest crop on record, if realized, but down 415 [...]

Corn ending stocks adjusted in July WASDE

In the July WASDE, the 2020/21 U.S. corn ending stocks estimate was lowered 25 million bushels to just 1.082 billion bushels, an eight-year low, because of burgeoning corn feed demand. For 2021/22, U.S. corn production is seen at 15.165 billion bushels, up 175 million [...]

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