Domestic wheat situation & outlook: 2010/11 price range

The projected range for the season-average price received by producers is narrowed at $5.60 to $5.80 per bushel from December’s range of $5.50 to $5.80 based on higher expected prices to date and expectations for the remainder of the marketing year. FULL STORY »

Winter wheat crop conditions for selected states

Winter wheat conditions at the end of January on the Central and Southern Plains are not as favorable compared with this time a year ago because of the lack of soil moisture. On the Central Plains, 27 percent of the current Kansas wheat crop is rated good to excellent compared with 56 percent a year ago at this time. Thirty-seven percent of the current Kansas crop rated poor to very poor, up from 11 percent a year ago. FULL STORY »

World wheat trade for 2010/11 projected down slightly

World wheat trade in 2010/11 is projected to be down slightly this month by 0.3 million tons to 125.3 million. EU-27 exports are cut 0.5 million tons to 21.5 million, while Canada’s forecast exports increase 0.5 million to 17.5 million. Despite a higher volume of accumulated wheat sales and export licenses on the year for the EU-27, tightening wheat supplies are expected to curb wheat exports later in the marketing year as domestic prices increase. The pace of Canadian wheat exports, on the other hand, supports the higher export projection, as Canada attempts to make the most of the world’s lower supplies of milling quality wheat. FULL STORY »

Domestic wheat situation & outlook: 2010/11 supplies

Total projected supplies for 2010/11, at 3,294 million bushels, are unchanged from January. Supplies for 2010 are 301 million bushels above 2009/10. Sharply higher beginning stocks more than offset slightly lower production and projected imports year to year. FULL STORY »

Total wheat supply/utilization unchanged

U.S. wheat supply, use, and ending stocks projections for 2010/11 are unchanged this month. While the all-wheat projections are unchanged, several offsetting by-class adjustments are made to exports and domestic use. Exports of hard red winter (HRW) and white wheat are each projected 10 million bushels higher. FULL STORY »

Corn use prospects up in 2010/11

Domestic corn use is increased this month by 70 million bushels as demand remains strong in 2010/11 despite record-high corn farm prices. Leading the change is a 50-million-bushel increase in the projection of corn used for ethanol. FULL STORY »

CBOT corn outlook: seen up slightly on acreage concerns

U.S. corn futures are expected to start slightly higher Monday in an attempt to convince farmers to sow more acres this spring to replenish low supplies. Traders predict corn for March delivery, the most-active contract, will open 1 to 3 cents a bushel higher at the Chicago Board of Trade. FULL STORY »

World Coarse Grain Production, Use & Ending Stocks Reduced

Global coarse grain production in 2010/11 is projected to reach 1,083.5 million tons, down 5.1 million this month. While the U.S. decline is the largest single-country reduction, foreign production is down 3.0 million tons to 753.2 million. FULL STORY »

Sorghum Production Up In 2010/11

U.S. sorghum production for 2010/11 is estimated at 345 million bushels, up 7 million from last month but down 38 million from 2009/10. The upward revision to this year’s production is based on increased harvested acreage. FULL STORY »

Corn Yield Trimmed For 2010/11

U.S. corn production for 2010/11 is decreased 93 million bushels this month to 12,447 million bushels. This month’s decrease reflects a decrease in the average corn yield, down 1.5 bushels per acre to 152.8 bushels per acre.

World Corn Trade Prospects Trimmed, U.S. Export Prospects Unchanged

Global corn trade is projected at 92.0 million tons in 2010/11 (October-September), down 1.2 million this month. The largest reduction in projected imports is for Mexico, down 1.0 million tons to 8.1 million. FULL STORY »

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Loosen silage while maintaining a smooth, compacted bunker space resulting in better feed and less waste. This unique tool pierces, ... Read More

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