Surprises are surprises because they happen when you least expect them to happen. So it was with today's August USDA WASDE report. Here's what happened in a nutshell:Corn
The yield was reduced from 156.5 last month to 154.4 today. Most analysts were expecting a yield increase. The U.S. export and feed/residual forecasts were reduced by a total of 75 million bushels. Planted and harvested acres were left unchanged. 2013-14 U.S. ending supplies were cut by 122 million bushels but are still huge.
Comments: The corn yield was lower than expected, but the crop can still be a new all-time record if it fills properly and we avoid even a normal frost across the northern U.S. Maturity is still an issue with U.S. corn production. The crop...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
