Outlook
Farmers anticipate big corn acreage
This week’s highly anticipated Prospective Plantings report from USDA offers the first indication of what we can expect from the 2013 corn crop. As expected with corn prices as high as they are, farmers intend to seed a lot of acres to corn – 97.3 million acres by USDA’s survey-based estimates. That estimate is up slightly from last year’s corn acreage and would represent the highest U.S. planted acreage since 1936.
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USDA: Soybean sales set marketing-year low again
The USDA reported in its latest U.S. Exports Sales report that corn net sales of 122,800 metric tons (MT) for the 2011-2012 marketing year were down 30 percent from last week, but up 31 percent from the 4-week average.
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Global 2011-2012 coarse grain trade projected higher
The USDA's March Feed Outlook report showed that world 2011/2012 coarse grain trade is forecast to reach 121.4 million tons, up 1.3 million this month.
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World coarse grain production prospects increase
According to the USDA's Feed Outlook, global coarse grain production in 2011/12 is forecast up 1.5 million tons this month to 1,143.7 million.
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Increased world coarse grain consumption projected
The USDA's March Feed Outlook showed global coarse grain consumption in 2011/2012 is projected up 2.2 million tons this month to 1,152.0 million, with feed and residual use up 1.9 million tons to 664.7 million.
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Projected 2011-2012 world ending stocks reduced
According to the USDA's Feed Outlook report, global coarse grain ending stocks for 2011/12 are projected down 0.6 million tons this month to 157.9 million, as increased forecast use exceeds the production increase.
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Domestic wheat situation: Ending stocks for 2011/2012 are down
Projected ending stocks for 2011/12, at 828 million bushels, are down 9 million bushels from October and down 34 million bushels from 2010/11.
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Record Kazakhstan crop leads world wheat production
World wheat production is projected up 2.1 million tons this month to a near-record 683.3 million, just 1 million tons lower than the all-time high in the 2009/10 marketing year.
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Larger world wheat trade projected this month
High world grain production and supplies are lowering prices making grain imports for many countries more attractive. World wheat trade for 2011/12 (July-June international trade year) is projected to reach 136.6 million tons, up 2.0 million this month, but 6.3 million tons below the 2008//09 record.
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WASDE: Corn yields lowest since 2003
According to the USDA's latest World Agricultural Supply and Demand Estimate report, U.S. feed grain supplies for 2011/2012 are projected lower with reduced corn and oats production more than offsetting small increases for sorghum and barley.
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USDA: Corn export sales take a dip
The USDA released the latest U.S. Export Sales report on August 4. The report showed corn net sales of 778,500 MT, which is a 23 percent drop from last week’s report and a 19 percent below the four-week average.
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- Producers should examine pastures for post-tornado debris
- Ag markets posted a general advance mid-day Wednesday
- Former Eastern Livestock CEO, CFO sentenced for federal crimes
- TSCRA works with sale barns to catch Houston cattle thief
- Mexico says U.S. not respecting WTO ruling on meat labeling
- Vance Publishing's 40 under 40
- Michigan hay buyers should plan purchases early
- Post-tornado composting a solution for disposal of dead livestock
- New animal identification rules aid disease traceability
- Seven jobs more dangerous than farming
- Drought losses in Oklahoma top $400 million for 2012
- Survey reveals most Americans in favor of COOL
