The U.S. is bracing for a record grain harvest totaling 21.5 billion bushels of corn, soybeans and grain sorghum this fall. The bumper crop arrives during a period of heightened uncertainty surrounding the future of the U.S. trade relationship with China, low export market demand for U.S. soybeans and depressed crop prices. Meanwhile, grain storage …
Tag: crops
Oct 03
This Week On Sunup With John Michael Riley: Dry Weather, Trade Woes, and Global Economics Weigh on Crop Markets
Dr. John Michael Riley, OSU agricultural economist, provided an overview of current crop markets, starting with corn. He noted that while corn is “one of the rosier crops” compared to others, it still faces challenges. Following the August report that showed higher-than-expected acres and yields, the market initially fell but has since rebounded somewhat due …
Sep 19
Much-Needed Rain Forecasted to Relieve Oklahoma Drought
In the world of Oklahoma’s agriculture, a significant weather pattern is unfolding, bringing much-needed rain to the state after a prolonged dry spell. According to State Climatologist Gary McManus, September has been “a veritable dud” for moisture in most areas, making it one of the driest in at least the last 100 years. This extended …
Mar 08
USDA Crop Production Report Out Today: Lower Soybean Ending Stocks and Higher Corn
USDA released its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on Wednesday, March 8. As expected by the grain trade, USDA on Wednesday lowered corn export demand 75 million bushels (mb) and also bumped up ending stocks for the crop by 75 mb as well. USDA trimmed soybean ending stocks …
Nov 21
USDA Previews Crop and Revenue Loss Assistance for Agricultural Producers
Agriculture Secretary Tom Vilsack today announced plans for additional emergency relief and pandemic assistance from the U.S. Department of Agriculture (USDA). USDA is preparing to roll out the Emergency Relief Program (ERP) Phase Two as well as the new Pandemic Assistance Revenue Program (PARP), which are two programs to help offset crop and revenue losses for producers. USDA …
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