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21Feb

USDA: Soybean Plantings Will Decline, Corn Will Rise in 2019

During its 2019 Agricultural Outlook Forum officials announced their planting expectations for this year. USDA predicts U.S. corn plantings for this year will be 92 million acres. That's up 3.3% from a year ago. Soybeans are forecast to fall to 85 million acres. That's down 4.7% from last year. USDA Chief Economist Rob Johansson made the announcement Thursday morning during remarks at the USDA Outlook Forum held near Washington, DC. Wheat acres are also expected to be down...

By Grains, Livestock
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19Feb

African Swine Fever Confirmed in Vietnam

The first confirmed cases of African swine fever (ASF) have been detected on three farms in Vietnam, authorities said on Tuesday. All pigs were culled at these farms located in Hung Yen and Thai Binh provinces, southeast of the capital Hanoi, said the Animal Health Department. Pork is a major staple and accounts for 75% of the total meat consumption in Vietnam, a country of 95 million people where most of its 30 million farm-raised pigs are consumed domestically. Because pork is such...

By Grains, Livestock
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13Feb

Is China's Economic Slowdown a Signal of What's Ahead?

This year is going to challenge pork-exporting countries around the world. The principle reason for this is a broad-based weakening in global economies which will weaken total demand for meat and likely marginally shift some beef and pork meat demand to cheaper poultry. Weak economies mean weak purchasing and economizing on food purchases, especially meat. A look at China’s economy The bellwether nation leading us into a weak 2019 is China, where a steep decline in the rate of growth of Gross...

By Grains
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09Feb

WASDE: Corn Stocks Fall

World Agricultural Supply and Demand Estimates as published by USDA WHEAT Projected 2018/19 wheat ending stocks are raised 36 million bushels on reduced feed and residual use and lower seed use. Feed and residual use is lowered 30 million bushels on larger than expected second-quarter stocks reported in today’s NASS Grain Stocks report. Seed use is down 6 million bushels reflecting 2019/20 winter wheat planted area released today in the NASS Winter Wheat and Canola Seedings report. Winter wheat planted area is...

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09Feb

Crop Production Report: Corn Yields Down, Soybeans Up Over 2017

After two months of silence in reporting, today the USDA is releasing a number of reports. This includes the 2018 production report, detailing final yield results for a variety of crops. Today’s report includes information that would normally be published in the January Crop Production Report that was not released because of the government shutdown. It’s a bigger report than normal. Compared to this report last year, corn planted acres and yield are down, soybean planted acres are down while production is...

By Grains
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