Jul 12
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 …
May 12
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 …
Mar 31
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 …
Mar 08
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 …
Feb 08
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,” …
Jan 13
The United States Department of Agriculture released the January World Agricultural Supply & Demand Estimates (WASDE) report yesterday. The expected reductions in use were met with notable changes to U.S. production, resulting in lower-than-expected ending stocks for the 2022/23 marketing year. As compared to the December WASDE report, a 200 million bushel drop in total production was spurred …
Jan 12
Along with the WASDE report, several different reports were released by USDA NASS today. KC Sheperd, Farm Director, visits with Allendale’s Rich Nelson about the highlights of these reports. With higher beginning stocks for wheat, as well as some better demand, Nelson said USDA lowered their stock numbers. “USDA did make some moderate adjustments to …
