WPI previously took an early peek at the potential 2018/19 U.S. corn outlook (see Ag Perspectives, 19 March) and estimated U.S. farmers would plant a total 88.5 million acres this spring, which was below most other estimates at the time. The major surprise in last Thursday’s USDA planting intentions estimate was that the planted area came in at 88 million acres. Having indicated we’d update WPI’s 2018/19 numbers once USDA’s acreage estimates were released, please see that revision in the following table along with associated changes in production:
Following are some key factors to keep in mind:
The U.S. corn acreage number will change. Some argue the 88-million-acre estimate is too small. That might be true, bu...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
