USDA lowers corn production again
Corn production was lowered again in the USDA’s latest “World Agricultural Supply and Demand Estimates” report released Monday. The report also showed that the first survey-based corn yield forecast is also down 2.1 bushels from last month to 154.4 bushels per acre.
The projected prices are expected to raise slightly.
“The projected season-average farm price for corn is raised 10 cents at both ends of the range to $4.50 to $5.30 per bushel. Prices received by farmers are expected to remain above cash bid levels through the fall as producers who forward-priced corn earlier in the year support the weighted average farm-gate price,” the report said.
Corn beginning stock is also powered 10 million bushels lowers, with a 15-million-bushel increase in 2012-2013 exports partially offsets by a 5-million-bushel increase in imports. Exports are projected 25 million bushels lower on reduced domestic supplies and increased foreign competition.
- Sign-up begins for USDA disaster assistance programs
- Grain futures lagged the other ag markets Wednesday
- Pacific Coast Terminals and K+S Potash Canada sign agreement
- Soy, cotton futures led the ag markets Wednesday morning
- Monthly fertilizer prices: Comparing 2014 through 2009
- USDA releases April water supply forecast for the West
- Commentary: Blame anti-GMO groups for deaths
- Julie Borlaug says biotech is necessary in fight against hunger
- Climate change will reduce crop yields sooner than we thought
- What does “sustainable” food and agriculture really mean?
- Ohio bill to require certification to apply fertilizer
- Carbon-dioxide hurts nitrogen assimilation by plants