Higher prices, smaller exports for U.S. wheat

U.S. wheat exports are slowing due to high prices and rising global production, said the Agriculture Department on Thursday. "U.S. export prices are expected to remain elevated [for] the rest of 2021/22, further diminishing U.S. competitiveness," said the USDA's monthly WASDE report.

Surge in yields brings biggest U.S. soybean crop ever

The U.S. soybean hit parade, with record production in 2016, 2017, and 2018, will continue this year with the largest crop ever, the government forecast on Tuesday with the harvest in full swing. A late-summer surge in likely yields per acre prompted the USDA to say the crop will be 2 percent larger than its previous estimate.

USDA forecasts highest prices for U.S. crops in years amid global boom

U.S. farmers will reap two of their largest corn and soybean crops ever and sell them for the highest average prices since the commodity boom ended several years ago, said the government Wednesday in its first projections of the fall harvest. The USDA also said that global soybean king Brazil would increase its share of the world market at the expense of U.S. exports.

As processing plants reopen, more meat for Americans to eat

The faster-than-expected recovery in slaughter production has almost neutralized the impact of the coronavirus pandemic on the U.S. meat supply, said the government on Thursday. The USDA estimated that Americans will consume an average of 220.2 pounds of red meat and poultry this year — more than half a pound a day apiece. (No paywall)

Coronavirus lands haymaker on U.S. farm sector

In its first assessment since the coronavirus was declared a pandemic, the government forecast lower prices for U.S. crops and livestock as a worldwide economic slowdown, the result of aggressive efforts to squash the virus, weakens the global appetite for food. The notable exceptions are wheat and rice, where panic buying has driven up prices for the food grains, said the USDA on Thursday. (No paywall)

One-year wonder: U.S. soy stockpile to shrink as quickly as it grew

Aided by the Sino-U.S. trade war, the U.S. soybean inventory doubled to a record 913 million bushels in one year, the government said on Thursday. At the same time, the USDA estimated that total will be cut in half by next September.

Soy stockpile to tumble by one-third by next fall

Three years of bumper crops collided with the Sino-U.S. trade war to create the largest U.S. soybean stockpile ever, a price-depressing 1 billion bushels at the start of this month. But by next Sept. 1, the so-called carry-over will be just two-thirds of its current size, estimated the USDA on Thursday.

Indemnities could soar to $3.6 billion for prevented planting

The wettest spring in a quarter-century may lead to the largest crop insurance payout since 2000 to farmers unable to plant corn and soybeans, said a university economist. He spoke ahead of a USDA report today that will project the impact of a cold and rainy spring on this fall’s harvest.

USDA to postpone major reports until shutdown ends

The Agriculture Department is expected to announce today that a set of major crop reports scheduled for release Jan. 11 will be delayed until the government shutdown is over, said chief economist Robert Johansson.

Record-setting US crops to get bigger, analysts say

The government will raise its estimates of the record-setting corn and soybean crops on Friday, according to two surveys of analysts ahead of the monthly crop report and the companion WASDE report on world crops.