Grains
28Jun

Quarterly Grain Stocks: Corn Down 2%, Soybeans Up 47%

Corn stocks in all positions on June 1, 2019 totaled 5.20 billion bushels, down 2 percent from June 1, 2018. Of the total stocks, 2.95 billion bushels are stored on farms, up 7 percent from a year earlier. Off-farm stocks, at 2.25 billion bushels, are down 12 percent from a year ago. The March - May 2019 indicated disappearance is 3.41 billion bushels, compared with 3.59 billion bushels during the same period last year. Soybeans stored in all positions on June...

By Grains
Read more...
28Jun

USDA June Acreage Report: Corn Up 3%, Soybeans Down 10%

Corn planted area for all purposes in 2019 is estimated at 91.7 million acres, up 3 percent from last year. Compared with last year, planted acres are up or unchanged in 40 of the 48 estimating States. Area harvested for grain, at 83.6 million acres, is up 2 percent from last year. Soybean planted area for 2019 is estimated at 80.0 million acres, down 10 percent from last year. This represents the lowest soybean planted acreage in the United States since...

By Grains
Read more...
25Jun

Condition Ratings, Emergence Numbers Indicate Issues Linger for Grains

Farmers across the country have battled Mother Nature for months, fighting to get corn and soybean crops planted. In this week’s USDA Crop Progress report, the agency noted that 96% of the nation’s corn and 85% of the nation’s soybeans are planted. But as emergence numbers and conditions rating imply, getting the crop planted is just the start of the battle. As of June 23, just 89% of the corn and 71% of the country’s soybeans were emerged. While those numbers...

By Grains
Read more...
21Jun

Lighthizer Plans to Resume Talks with China

Lead negotiators between the U.S. and China plan to restart conversations this week. That news comes from U.S. Trade Representative Robert Lighthizer during his second day of testimony on Capitol Hill. The ambassador appears before the House Ways and Means Committee Wednesday. Like the previous day's hearing at the Senate, Lighthizer covers a litany of trade topics with much of the focus is encouraging Congress to move forward on the U.S. Mexico Canada trade agreement. During the hearing, Lighthizer was asked...

By Grains, Livestock
Read more...
18Jun

Millions Of Corn, Soybean Acres Remain Unplanted

As of June 16, USDA estimates 92% of the U.S. corn crop has been planted. That compares to a five-year average for mid-June of 100% planted. Today’s planting pace matches the pre-report trade estimate. Ohio farmers have planted 68% of the state’s crop, which is the lowest percent planted of the top 18 corn-producing states. South Dakota is at 78% planted, while Michigan and Indiana are at 84% planted. Illinois is now 88% planted. The five-year average for each of these...

By Grains
Read more...