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: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
