11/20/2009 02:25PM
The November USDA estimate of the 2009 corn crop is for a yield of
162.9 bushels per acre, down from the October estimate of 164.2 bushels
per acre. This will still be a new record high for corn yield if it
comes true.
11/20/2009 02:22PM
Beef and veal exports for September were 20 percent below a year
earlier. The biggest decline by country was South Korea, Vietnam and
Mexico. Beef imports in September were down 4.7 percent from a year
earlier.
11/19/2009 10:28AM
Milk prices continue their upward trend of improvement. The Class III price, which was $9.97 for both June and July improved to 12.82 for October and will be around $14.05 for November. The U.S.
11/18/2009 01:16PM
For the second consecutive week, the U.S. average price for regular
gasoline decreased. The average slipped about four cents to $2.63 per
gallon, $0.56 above the price a year ago.
11/18/2009 01:06PM
Capacity to produce fuel ethanol from corn nearly tripled between
January 2006 and January 2009. However, over the past 18 months, a
combination of surplus production capacity, the decline of gasoline
prices from their mid-2008 peak level, and high corn prices that
boosted producers’ input costs have resulted in a sharp decline in
ethanol margins.
11/17/2009 01:19PM
Corn futures on the Chicago Board of Trade (CBOT) finished up again on
Monday. DEC’09 corn futures finished at $4.022/bu; up 11.75¢/bu and
16.25¢/bu higher than last Monday. The MAY’10 contract closed at
$4.274; up 11.75¢/bu and 17.25¢/bu higher than last report.
11/17/2009 09:50AM
A slightly smaller 2009 spring pig crop and continued sharply lower live imports of Canadian swine are likely causing fourth-quarter hog prices to strengthen at a time
of year when prices typically achieve their annual lows.
11/17/2009 08:23AM
According to the November 10, 2009 National Agricultural Statistics Service Crop Progress report, winter wheat seeding and emergence rates are several points behind year-earlier status, but, with dry weather, are rapidly catching up in most areas, and general crop conditions are still considered to be excellent relative to normal conditions.
11/16/2009 12:18PM
The USDA November World Agricultural Supply and Demand Estimates (WASDE) report told market participants what they already knew – we have lots of wheat, corn and soybeans.