USDA Reflects Chinese Wheat Buys, Trade Hopes for more in Latest WASDE

USDA lowered Brazilian soybean production by 2 million metric tons (mmt) to 161 mmt (5.9 billion bushels) in one of the few significant changes to crop production numbers. Despite lower production, USDA increased Brazil’s exports 2 mmt to 99.5 mmt. On Friday, USDA released the World Agricultural Supply & Demand Estimates (WASDE) for December. The …

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Wheat Production Unchanged in Latest WASDE Report, Allendale’s Rich Nelson Says It’s a Mild Report

USDA on Thursday slightly bumped up crop production for corn and soybeans and brought down projected ending stocks for both crops as well. USDA increased the 2023-24 corn production by 170 million bushels (mb) to 15.234 billion bushels (bb) — a surprise that was beyond the pre-report estimates. If that holds, that breaks the 2016 …

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Farm and Ranch News for October 13, 2023 with KC Sheperd

U.S. wheat production was estimated at 1.812 bb in October, up from USDA’s September estimate of 1.734 bb in Latest WASDE

Following the release of the WASDE (World Agricultural Supply and Demand Estimates) report released on October 12, 2023, Farm Director KC Sheperd visited with Allendale’s Rich Nelson about the big takeaways from the report. “On the wheat side of things, we did see USDA incorporate those larger production numbers from the Small Grains Summary Report …

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Winter wheat production forecast at 1.23 billion bushels, up 2% from the July 1 forecast and up 11% from 2022 in Latest WASDE

As expected, USDA on Friday lowered both corn and soybean yields and production, dropping corn yields to 175.1 bushels per acre (bpa), and lowering soybean yields to 50.9 bpa. Corn production was pegged at 15.11 billion bushels (bb), and soybean production was forecast at 4.2 billion bushels. Farm Director KC Sheperd had the chance to …

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U.S. Ending Stocks Estimates Bearish for Corn, Soybeans and Wheat in Latest WASDE

USDA on Wednesday, July 12, lowered the corn yield estimate to 177.5 bushels per acre (bpa) after bumping up its acreage estimate, but the July World Agricultural Supply and Demand Estimates (WASDE) still forecasts a record corn crop at 15.32 billion bushels (bb). USDA lowered the soybean ending stocks forecast for the new-crop (2023-24) season …

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USDA Predicts Record Corn, Soybean Crops with Tight Wheat Stocks in May WASDE

Farm Director, KC Sheperd, caught up with Allendale’s Rich Nelson and talked about the numbers in the latest WASDE report. “Biggest issue we were kind of watching for today was on the wheat side,” Nelson said. “I think the trade was a bit relieved to see that USDA did not hit the export sale numbers …

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Oklahoma Sees 300,000-acre increase in Wheat Plantings on USDA Prospective Plantings Report

USDA on Friday released its Prospective Plantings and March 1 Grain Stocks reports. Farm Director, KC Sheperd, visited with Allendale’s Rich Nelson about the two reports. Two USDA reports today, quarterly Grain Stocks and Prospective Plantings, give the trade a good deal of both old and new crop information to digest. Grain Stocks issues remaining …

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Allendale’s Rich Nelson says No Changes in Ending Stocks for Wheat on US Sheet and Only Minor Changes Made to World Numbers in Latest WASDE Report

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 to 210 mb, 15 mb from last month’s estimate. USDA lowered its crush estimate by 10 mb but raised …

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Allendale’s Rich Nelson Sees Minimal Change in Wheat Ending Stocks in WASDE and has Concerns about Exports

USDA on Wednesday released its February Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Farm Director, KC Sheperd, caught up with Allendale’s Rich Nelson and talked about the numbers in this latest WASDE report. “For the most part, USDA gave us kind of what that trade was expecting here in today’s discussion,” …

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