The annual USDA Agricultural Outlook Forum will take place next week (22-23 February) in Washington, DC. USDA will issue preliminary unofficial estimates of the U.S. 2018 corn, soybean and wheat crops as part of the 10-year projections. It had released preliminary baselines in November 2017, and there is a wide range of ideas regarding the numbers USDA will use for planted acres, yield, production and 2018/19 carryout.
The 2018 corn planted area should reach 89-90 million acres compared with 90.2 million last year, and the yield should be below last year’s record 176.6 bushels/acre at probably around 174 bushel/acre. This would put production at 14.390 billion bushels versus 14.604 billion bushels last year and carryout for MY 2018...
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...
