Following are the key estimates from the November 2017 WASDE:
2017’s yield magic continues. USDA/NASS raised its estimated U.S. average corn yield to a record 175.4 bushels/acre (BPA), which is 0.8 BPA higher than last year’s record. Two back-to-back corn yield records is a highly unusual occurrence. It makes us wonder what the result would have been had better weather conditions prevailed last summer. The higher yield on unchanged harvested acres bumped estimated U.S. corn production up to 14.578 billion bushels. Today’s corn production estimate along with stocks carried over from 2016/17 mean that total U.S. corn supplies for 2017/18 are virtually identical with those available last year. This encourag...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
