Following are the key estimates from the November 2017 WASDE:
2017’s yield magic continues. USDA/NASS raised its estimated U.S. average corn yield to a record 175.4 bushels/acre (BPA), which is 0.8 BPA higher than last year’s record. Two back-to-back corn yield records is a highly unusual occurrence. It makes us wonder what the result would have been had better weather conditions prevailed last summer. The higher yield on unchanged harvested acres bumped estimated U.S. corn production up to 14.578 billion bushels. Today’s corn production estimate along with stocks carried over from 2016/17 mean that total U.S. corn supplies for 2017/18 are virtually identical with those available last year. This encourag...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
