The “phase one” China-U.S. trade agreement, which takes effect at the end of this week, calls for China to buy $40 billion a year of U.S. food, agricultural, and seafood products this year and in 2021. Yet there will be limited immediate impact on U.S. sales overall, USDA analysts indicated on …
A rainy spring that delayed planting in the western Corn Belt will mean a smaller-than-expected soybean crop, traders said ahead of today's Crop Production report, which makes the first forecast of the fall harvest.
Persistently rainy spring weather is bogging down the winter wheat harvest in Kansas, the No. 1 state for winter wheat, Oklahoma and Missouri, says the weekly Crop Progress report.
Traders expect the USDA to lower by 2 percent its forecast of the U.S. soybean stockpile today in its monthly WASDE report. At the moment, supplies are projected to be the largest in eight years, at 385 million bushels, the result of a record-setting harvest last fall.
Despite record-setting corn and soybean crops and an upturn in wheat production, the crops are worth 10 percent less than 2013's output due to sharply lower farm-gate prices. Corn, wheat and soybeans are the three most widely planted crops in the nation - covering 360,000 square miles this year - and will have a combined value of $107 billion at the farm gate, based on USDA estimates of season-average prices, compared to...
Traders expect USDA to forecast record crops today - 14.25 billion bushels of corn and 3.82 billion bushels of soybeans - in its first estimate of the fall harvest only a few weeks away.
U.S. farmers are headed for record-breaking harvests this fall, so large that corn and soybean surpluses will be the largest in years, analysts say in surveys ahead of the Aug 12 crop report.
The U.S. winter wheat crop will be the smallest in eight years due to drought in the central and southern Plains, the government said, estimating a harvest of 1.38 billion bushels, 2 percent less than it forecast in May and 10 percent smaller than 2013.
The U.S. soybean stockpile is expected to shrivel to its smallest size in 10 years - less than a two-week supply - by late summer ahead of a record-large harvest that will saturate supplies and sharply pull down prices for the oilseed, according to trade expectations for the crop report today.