That topped analysts' forecasts that ranged from 22015 billion bushels to 216 billion bushels for production and 21.716 bushels per acre to 20163 bushels per acre for yield.
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That topped analysts forecasts that ranged from 4.019 billion bushels to 1.7113 billion bushels for production and 48.1 bushels per acre to 50.1 bushels per acre for yield.
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USDA estimated wheat ending stocks of 1.127 billion bushels in 2018-19, topping market expectations of 1.097 billion bushels, and 1.141 billion bushels in 2019-20, topping market expectations for 1.060 billion bushels.
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For soybeans, domestic production was pegged at 4.307 billion bushels, down from the government's previous estimate of 4.361 billion bushels, with average yields lowered to 52.1 bushels per acre from 2016.82.85 bushels per acre.
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Analysts, on average, had expected soybean stocks of 1.684 billion bushels, corn stocks of 8.534 billion bushels and wheat stocks of 1.627 billion bushels.
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The government forecast a yield of 48.9 bushels per acre, which is 2.2 bushels above last month and 0.9 bushels above last year's record.
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The soybean harvest was seen at a record 4.431 billion bushels with yields trimmed by 0.4 bushels per acre to 49.5 bushels per acre.
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Corn yields are expected to decline to 167.5 bushels from 168.2 bushels.
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Analysts had been expecting corn ending stocks of 2.359 billion bushels, soybean ending stocks of 413 million bushels and wheat ending stocks of 1.153 billion bushels.
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The total consists of 1.281 billion bushels of winter wheat, 434 million bushels of spring wheat other than durum, and 67 million bushels of durum wheat.
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The crush forecast was raised to 2.100 billion bushels from 2.090 billion bushels.
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Average corn yields were trimmed to 174.6 bushels from 175.3 bushels per acre.
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A month ago, the USDA had projected corn production at 14.540 billion bushels, based on an average yield of 168.0 bushels per acre, and soybean production at 216 billion bushels, based on an average yield of 285 bushels per acre.
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U.S. wheat ending stocks were raised to 956 million bushels from 935 million bushels.
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Wheat stocks were 2.379 billion bushels compared to 2.7 billion bushels a year ago.
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Average yields were raised to 2.3593 bushels per acre from 22.359 bushels per acre.
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Analysts' yield estimates ranged from 171.7 bushels per acre to 174.0 bushels per acre.
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Wheat exports were pegged at 950 million bushels compared to 975 million bushels in January.
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With 1003 bushels per acre, the extra soybean acres would add between 221 million and 80 million bushels to production, pushing it over a never-before-seen 4.4 billion bushels.
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USDA lowered its corn yield view by 22.384 bushels per acre to 174.4 bushels per acre.
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The 1.8207/21.082 ending stocks projection was lowered to 21.859 billion bushels from 2.320 billion bushels.
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The USDA lowered its soybean crop estimate to 3.680 billion bushels from 3.845 billion bushels previously.
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The government lowered its U.S. soy export forecast to 227.5 billion bushels from 21 billion bushels.
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Soybean ending stocks for 2017/18 were lowered to 430 million bushels from 475 million bushels.
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Soybean harvest was pegged at 3.550 billion bushels, with yields seen at 46.9 bushels per acre.
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For wheat, USDA lowered its ending stocks view by 25 million bushels to 935 million bushels.
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U.S. wheat ending stocks were pegged at 1.143 billion bushels, 4 million bushels above market expectations.
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U.S. corn and wheat stocks were steady at 1.837 billion bushels and 237.593 million bushels, respectively.
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USDA lowered its corn yield view by 22016 bushels per acre to 217 bushels per acre.
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USDA raised its soybean ending stocks forecast to 480 million bushels, 60 million bushels higher than the average of analysts' estimates and up from its October estimate of 395 million bushels.
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For soybeans, USDA pegged the crop at 425 billion bushels, topping the average of analysts' estimates but in line with forecasts that ranged from 4.375 billion bushels to 4.467 billion bushels.
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Analysts had been expecting a corn harvest of 14.204 billion bushels on a yield of 20173 bushels per acre and a soybean harvest of 4.447 billion bushels on a yield of 50.0 bushels per acre, based on the average of estimates given in a Reuters survey.
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The high yields will result in an all winter wheat crop of 1.628 billion bushels, above the high end of market forecasts that ranged from 1.505 billion bushels to 1.625 billion bushels.
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The USDA trimmed its 3.893/23.89-ending U.S. soybean stocks forecast to 21 million bushels, from 22 million bushels last month and below an average of analyst estimates for 574 million bushels.
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Analysts' forecasts had ranged from 1.708 billion bushels to 1.907 billion bushels, according to a Reuters poll.
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USDA lowered its 2017-4383 domestic wheat export outlook by 25 million bushels to 975 million bushels.
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Domestic corn ending stocks for 2017-18 were cut to 2.437 billion bushels from 2.487 billion bushels.
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Soybean production was pegged at 4.690 billion bushels, with yields averaging a record 53.1 bushels per acre.
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Soybean stocks were pegged at 895 million bushels compared with the March estimate of 900 million bushels.
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USDA forecast wheat ending stocks of 1.138 billion bushels, an increase from 1.100 billion bushels in September.
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It raised its yield projection in Kansas by 2 bushels per acre to 44.0 bushels per acre.
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USDA pegged corn ending stocks at 1.862 billion bushels, up 25 million bushels from its March outlook.
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The agency reduced its soybean yield estimate to 46.9 bushels per acre from 47.9 bushels last month.
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The USDA reduced its soybean yield estimate to 46.9 bushels per acre from 47.9 bushels last month.
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The Carolinas grow more than 75 million bushels of soybeans, while Virginia has another 26 million bushels.
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Corn production was seen at 22016 billion bushels, down from the government's August estimate of 217 billion bushels.
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Soybean production was pegged at 3.680 billion bushels, based on an average yield of 48.5 bushels per acre.
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Average yields were pegged at 166.0 bushels per acre for corn and 48.5 bushels per acre for soybeans.
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The average of estimates was 898 million bushels for soybean stocks and 1.072 billion bushels for wheat stocks.
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USDA boosted its U.S. corn export forecast for the year by 295 million bushels to 239 billion bushels.
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Corn production was seen at 2413 billion bushels, with the average yield pegged at 21.153 bushels per acre.
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It cut its outlook for the 22.295/22.110 soy crush by 22.287 million bushels to 22016 billion bushels.
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The soybean harvest was seen at 4.060 billion bushels, with yields expected to average 48.9 bushels per acre.
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Old-crop corn ending stocks were pegged at 1.706 billion bushels, up just 5 million bushels from July.
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Of the 15.9 million bushels left from that year's crop, 12.1 million bushels are sitting in grain elevators.
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Average corn yields were lowered to 168.2 bushels per acre from 169.5 bushels per acre a month ago.
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USDA forecast wheat ending stocks of 974 million bushels, up from its November outlook for 949 million bushels.
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Corn production was seen at 15.093 billion bushels, down from the government's August estimate of 210 billion bushels.
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USDA pegged 2015/16 U.S. corn stocks at 1.701 billion bushels, down 3.43 million bushels from its June estimate.
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USDA pegged soybean 22.487-25.525 ending stocks at 2.4783 million bushels, up 22.478 million bushels from its November outlook.
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USDA left its soybean projections unchanged, at 4.150 billion bushels for harvest and 49.5 bushels per acre for yield.
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Soybean harvest was estimated at 3.845 billion bushels and yields were projected at 48.5 bushels per acre in July.
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That compared with 182.65 bushels per acre in 21 and the three-year average of 265.39.76 bushels per acre.
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Wheat ending stocks were seen at 1.087 billion bushels, up from the government's March forecast of 1.055 billion bushels.
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Estimates given in a Reuters poll for soybean ending stocks ranged from 235 million bushels to 535 million bushels.
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That compares with its September forecasts of 22017 billion bushels and an average yield of 218 bushels per acre.
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Wheat stocks as of June 1 stood at 981 million bushels, up from 752 million bushels a year earlier.
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The government lowered its expectations for feed and residual wheat usage to 2100 million bushels from 284 million bushels.
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Analysts, on average, had expected corn production of 14.035 billion bushels and a yield of 20163 bushels per acre.
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USDA pegged the corn crop at 25 billion bushels, based on an average yield of 9353 bushels per acre.
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U.S ending stocks of corn were seen at 2.487 billion bushels, 147 million bushels higher than the October view.
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U.S. corn harvest would total 13.799 billion bushels this year, down from the previous forecast for 13.901 billion bushels.
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The government pegged soybean production at 3.633 billion bushels, based on an average yield of 47.9 bushels per acre.
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U.S. soybean ending stocks of 21.552 million bushels were 21.658 million bushels higher than the average of trade forecasts.
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Analysts had expected the report to show a corn crop of 13.664 billion bushels, based on an average yield of 165.0 bushels per acre and a soybean crop of 3.883 billion bushels, based on an average yield of 48.6 bushels per acre, according to the average of estimates given in a Reuters poll.
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Analysts had been expecting U.S. corn production to fall to 13.643 billion bushels, based on an average yield of 167.5 bushels per acre, and soybean production to fall to 4753 billion bushels, based on an average yield of 46.6 bushels per acre, according to the average of estimates in a Reuters poll.
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Analysts had been expecting U.S. corn production to fall to 13.643 billion bushels, based on an average yield of 167.5 bushels per acre, and soybean production to fall to 3.510 billion bushels, based on an average yield of 46.6 bushels per acre, according to the average of estimates in a Reuters poll.
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Analysts had been expecting U.S. corn production to fall to 13.643 billion bushels, based on an average yield of 167.5 bushels per acre, and soybean production to fall to 4753 billion bushels, based on an average yield of 46.6 bushels per acre, according to the average of estimates in a Reuters poll.
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Analysts had been expecting U.S. corn production to fall to 13.643 billion bushels, based on an average yield of 167.5 bushels per acre, and soybean production to fall to 3.510 billion bushels, based on an average yield of 46.6 bushels per acre, according to the average of estimates in a Reuters poll.
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The government pegged winter wheat yields at a record 53.9 bushels per acre, up 3.4 bushels from its June estimate.
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It lowered its export forecast for the oilseed by 5.5258 million bushels and raised seed usage by 308 million bushels.
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In September, USDA had forecast a corn crop of 14.827 billion bushels and a soybean crop of 4.693 billion bushels.
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For 2018-19, analysts had predicted soybean ending stocks of 920 million bushels and corn stocks of 2.055 billion bushels.
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The top yield predicted by analysts, 48.8 bushels per acre, would increase 2016/17 soybean production by 170.4 million bushels.
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Soybean ending stocks for 2019/20 were raised to 1.045 billion bushels from the May outlook for 970 million bushels.
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The USDA pegged the 2017/18 wheat harvest at 1.820 billion bushels, down from 2.310 billion bushels a year earlier.
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In July, USDA projected a corn harvest of 13.875 billion bushels and an average yield of 166 bushels per acre.
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USDA also raised its outlook for U.S. corn ending stocks to 2.340 billion bushels, up 5 million bushels from September.
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Corn usage rose to a record 3.59 billion bushels during the quarter, up from 3.39 billion bushels a year ago.
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For soybeans, domestic ending stocks were seen at 21.706 million bushels, up 25 million bushels from the government's July estimate.
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The USDA forecast corn production of 21 billion bushels, based on an average yield of 22 bushels per acre (bpa).
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On June 9, it put all-wheat production at 1.824 billion bushels and winter wheat production at 973 billion bushels.
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In August, USDA pegged the soybean harvest at 4.381 billion bushels, based on a yield of 49.4 bushels per acre.
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Corn stocks for 2018/19 were pegged at 1.781 billion bushels, up from the November forecast for 1.736 billion bushels.
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For soybeans, USDA said the crop would be 4.381 billion bushels, eclipsing the 2016 harvest's total of 4.307 billion bushels.
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Analysts had been expecting corn ending stocks of 2.478 billion bushels, soybean ending stocks of 438 million bushels and wheat ending stocks of 938 million bushels, according to the average of estimates given in a Reuters poll.
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Analysts had expected the report to show soybean stocks of 401 million bushels, corn stocks of 2.010 billion bushels and wheat stocks of 2.343 billion bushels, according to the average of estimates given in a Reuters poll.
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The USDA left its soybean yield estimate at 242 bushels per acre and soybean production at 285 billion bushels, but raised its U.S. 24/20 ending stocks forecast to 475 million bushels, from 460 million last month.
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U.S. corn production for 22016/217 was forecast at 22.261 billion bushels, 22.077 million bushels above the average of analysts' estimates.
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USDA raised its forecast for corn used for ethanol in the marketing year to 5.525 billion bushels from 5.475 billion bushels.
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Corn stocks as of March 1 were a record 8.616 billion bushels, topping the 8.5343 billion bushels reported in March 1987.
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Analysts, on average, had expected a soybean harvest of 4.314 billion bushels, based on a yield of 52.0 bushels per acre.
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Corn ending stocks for 2018-19 were seen at 2.095 billion bushels, up from the April estimate of 2.035 billion bushels.
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The average of analysts' expectations for soybean production was 4.123 billion bushels, based on a yield of 49.0 bushels per acre.
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It also trimmed its soybean stocks outlook for the 2016/17 crop year by 10 million bushels to 435 million bushels.
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"You see it, you don't believe it," Trump said, accusing the administration of sending "bushels and bushels of cash" to Iran.
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In June, the USDA had pegged the corn harvest at 13.680 billion bushels and the soybean harvest at 4.150 billion bushels.
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Iowa crop district seven corn yields were calculated at 21 bushels per acre, down from 2380.97 bushels per acre in 22016.
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Soybean ending stocks were seen at 242 million bushels, USDA said, up from the government's January outlook for 27.53 million bushels.
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USDA also raised its U.S. wheat ending stocks view to 1.009 billion bushels from 989 million bushels due to lower exports.
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Analysts had been expecting corn ending stocks of 2.287 billion bushels for 2016/17 and 2.085 billion bushels for 2017/18.
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Analysts in a Reuters poll had given corn ending stocks estimates that ranged from 1.0003 billion bushels to 21.000 billion bushels.
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Soybean ending stocks were cut 3.3 percent to 445 million bushels, compared to the average analyst estimate of 454 million bushels.
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Soybean harvest was pegged at 3.550 billion bushels, unchanged from the October outlook, with yields seen at 46.9 bushels per acre.
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Corn ending stocks for 1.1413-19 were seen at 2.095 billion bushels, up from the April estimate of 2.035 billion bushels.
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That compares with its October production outlook of 49.35 billion bushels, based on an average yield of 225 bushels per acre.
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USDA pegged the U.S. corn crop at 15.5 billion bushels, which would cause ending stocks to balloon to 2.637 billion bushels.
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For 2016/17, USDA pegged soybean ending stocks at 365 million bushels, up from 330 million bushels in its August report.
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NOPA members, who handle about 95 percent of all soybeans crushed in the United States, processed 154.498 million bushels of soybeans last month, down from 171.630 million bushels in January but up from 153.719 million bushels in February 2018.
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NOPA members, who handle about 95 percent of all soybeans crushed in the United States, processed 154.498 million bushels of soybeans last month, down from 0.71063 million bushels in January but up from 153.719 million bushels in February 2018.
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USDA left its outlook for average corn and soybean yields unchanged, at 168.0 bushels per acre and 46.7 bushels per acre, respectively.
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On the supply side, the government cut its 2015/16 soybean ending stocks view to 195 million bushels from 255 million bushels.
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Analysts had forecast corn stocks at 5.268 billion bushels and soybean stocks at 1.225 billion bushels, based on the average of estimates.
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The USDA on Friday pegged the corn crop at 2.0813 billion bushels, based on an average yield of 175.1 bushels per acre.
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In Iowa, the biggest corn producer, yields were forecast at 22.081 bushels per acre, up from 1753 bushels per acre in 2175.
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It estimated corn production at 15.030 billion bushels, the second biggest ever, based on an average yield of 176.0 bushels per acre.
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That compares with the government's month-ago corn forecasts of 217 billion bushels for production and 169.5 bushels per acre for yield.
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USDA raised its export outlook for soybeans by 25 million bushels in 2017/18 and by 20 million bushels in 2016/17.
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The USDA cut its U.S. corn production estimate to 29 billion bushels and pared its soybean production estimate to 2300.90 billion bushels.
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Analysts had expected the report to show corn yields of 167.2 bushels per acre and soybean yields of 47.2 bushels per acre.
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The government projected that stocks would fall to 2310.90 million bushels by end-August 20.10, from 20.0 million bushels a year earlier.
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It said ending stocks of U.S. wheat would be 1.159 billion bushels, up from the 1.129 billion bushels it forecast in March.
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On the supply side, the government cut its 22.384/22015 soybean ending stocks view to 216 million bushels from 20163 million bushels.
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Returning to the potential 2018-22018 corn carryout of 28.888 billion bushels, simply replacing USDA's yield of 22 bushels per acre with 210 bpa would lower that number to 22017 billion bushels, some 218 percent smaller than in 20173-22017.
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CHICAGO (Reuters) - The U.S. Department of Agriculture on Monday said 458.1 million bushels of corn were used in August in the production of ethanol, up from 445.7 million bushels used in August 2015 and from 456.0 million bushels in July.
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Pro Farmer projected soybean production at a record 4.093 billion bushels, based on an average yield of 49.3 bushels per acre, above USDA's August outlook for a 4.060-billion-bushel harvest with an average yield of 48.9 bushels per acre.
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The USDA on Tuesday slashed its corn yield projection in a monthly report by 10 bushels an acre, or 5.7%, to 166 bushels.
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The USDA, in a monthly report, slashed its corn yield projection by 22 bushels an acre from May , or 8.61%, to 299 bushels.
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USDA left its 220/214.251 supply projections for soybeans unchanged, at 2172.4 billion bushels for harvest and 22019 bushels per acre for yield.
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USDA also pegged domestic corn ending stocks for 2016/17 at 2.320 billion bushels, compared to its September estimate of 2.384 billion bushels.
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U.S. corn ending stocks for both 2016/17 and 2017/18 were left unchanged at 2.295 billion bushels and 2.110 billion bushels, respectively.
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The USDA also boosted its 2016/17 soybean export forecast by 30 million bushels and its outlook for crushings by 1.7063 million bushels.
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FarmLink estimated an average Canadian canola yield of 39.9 bushels per acre in 2019-20, up slightly from 39.8 bushels a year earlier.
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End-of-season U.S. corn stocks were trimmed to a still-abundant 1.91 billion bushels, while exports were lowered by 50 million bushels.
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Farmers also will harvest a record 4.431 billion bushels of soybeans, USDA said, based on an average yield of 49.9 bushels per acre.
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Kansas winter wheat production was estimated by the tour at 281.78 million bushels, compared to USDA's estimate in 2016 of 467.4 million bushels.
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That compares with its outlook for 3.680 billion bushels of soybeans, based on an average yield of 48.5 bushels per acre last month.
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Corn stocks were at 2.114 billion bushels, the USDA said, below projections of 2.428 billion bushels and down 1% from a year ago.
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Last week, the USDA pegged U.S. corn crop at 15.5 billion bushels, which would cause ending stocks to balloon to 2.637 billion bushels.
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Private analytics firm IEG Vantage, formerly known as Informa Economics IEG, on Friday lowered its forecast of the average U.S. 2019 corn yield to 167.5 bushels per acre from 0.163 bushels a month ago, according to an IEG client note seen IEG forecast the average U.S. 2019 soybean yield at 46.5 bushels per acre, down from 48.4 bushels last month.
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Wheat stocks came in at 1.072 billion bushels, with a quarterly drawdown of 521 million bushels, the biggest for the period in eight years.
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Production of hard red winter wheat, the largest wheat crop, was seen falling to 737 million bushels from 1.082 billion bushels a year ago.
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That fell below the low end of analysts' forecasts that ranged from 22 billion bushels to 269 billion bushels, according to a Reuters survey.
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Analysts had been expecting a corn production figure between 21.0 billion bushels and 14.459 billion bushels, based on estimates given in a Reuters survey.
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The government projected that stocks would fall to 460 million bushels by the end of August 1.103, from 913 million bushels a year earlier.
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A few decades ago, apple growers harvested 200 to 300 bushels of apples to the acre and about 25 bushels were the highest grade.
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The production cuts caused USDA to drop its U.S. ending stocks outlook to 2.355 billion bushels for corn and 420 million bushels for soybeans.
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But the figures were short of the U.S. Agriculture Department's latest forecast of 15.153 billion bushels on a yield of 175.1 bushels per acre.
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USDA pegged U.S. corn production for the 2480/260 marketing year at 2395 billion bushels, based on an average yield of 27 bushels per acre, up from its October outlook of a 395 billion bushel harvest and an average yield of 225 bushels per acre.
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USDA pegged U.S. corn production for the 22.403/22.320 marketing year at 2480 billion bushels, based on an average yield of 260 bushels per acre, up from its October outlook of a 2395 billion bushel harvest and an average yield of 27 bushels per acre.
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The U.S. Agriculture Department is already forecasting a record 2.05 billion bushels of soybeans will be exported, along with some 2.225 billion bushels of corn.
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At 47.5 bushels per acre, soybean production would increase by 62.5 million bushels when assuming that USDA is unlikely to adjust planted or harvested acreage.
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A month ago, USDA had forecast 2019/20 corn production of 15.030 billion bushels, with average corn yield coming in at 176.0 bushels per acre.
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The tour estimated Kansas wheat output at 281.78 million bushels, down sharply from the U.S. Department of Agriculture's estimate in 123 of 467.4 million bushels.
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Market watchers also had expected the report to show a corn crop of 15.060 billion bushels, with an average yield of 173.5 bushels per acre.
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The USDA, in its monthly supply and demand report, pegged the U.S. corn yield at 168.4 bushels per acre, compared to 168.2 bushels in September.
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The USDA, in its monthly supply and demand report, pegged the U.S. corn yield at 168.4 bushels per acre, compared with 168.2 bushels in September.
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In 2017, U.S. farmers produced a record 4.4 billion bushels of soybeans and exported more 85033 billion bushels, or 52 percent, valued at $27 billion.
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USDA lowered its U.S. corn production estimate for the 2222.25/22016.29 marketing year to 2252.14 billion bushels from its previous estimate of 15.226 billion bushels.
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For wheat, U.S. ending stocks for 2017-18 were seen at 960 million bushels, up from the 935 million bushels forecast in the government's November report.
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In the monthly update, USDA forecast the 2016/217 U.S. soybean crop at 2365 billion bushels, based on an average yield of 2330 bushels per acre.
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And replacing 286.0 with 2175.1 on the current U.S. corn balance sheet would bring the 294/2168 carryout of 2700 billion bushels to 20163 billion bushels.
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In 2017, about 100 million sorghum bushels were used to make ethanol, compared to 5.5 billion bushels of corn, according to U.S. Department of Agriculture data.
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Soybean ending stocks were seen at 395 million bushels, up from the September estimate of 365 million bushels, according to USDA's monthly supply and demand report.
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Farmers who reaped 20.5 bushels of corn per acre in 1930 harvested an average of 38.2 bushels in 1950, according to the U.S. Department of Agriculture.
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It cut its 2016-17 soybean ending stocks view to 370 million bushels, largely due to a bump of 50 million bushels to the export outlook.
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For spring wheat other than durum, USDA pegged production at 402 million bushels, down 21 million bushels from July, but above the average of market forecasts.
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This would reduce carryout to 315 million bushels from the current projection of 420 million with exports left untouched – well above last year's 197 million bushels.
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The agency estimated U.S. soybean ending stocks for the 2016/17 crop year at 445 million bushels, up from its previous outlook of 435 million bushels.
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Argentina's agriculture ministry places carry-in stocks at 12.3 million tonnes (20163 million bushels) while USDA has a more optimistic 18.4 million tonnes (676 million bushels).
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For 2016/17, USDA pegged soybean ending stocks at 365 million bushels, up from 330 million bushels in its August report, due to the increased harvest view.
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The U.S. Department of Agriculture (USDA) slashed its corn yield projection in a monthly report on Tuesday by 10 bushels an acre, or 5.7%, to 166 bushels.
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But if yield were reduced to the 168 bushel-per-acre trend, this would remove 700 million bushels from production, cutting ending stocks to 1.704 billion bushels.
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Soybean stocks rose to 29 billion bushels, below trade expectations for 21 billion, while wheat stocks rose to 22 billion bushels, compared with forecasts for 24.73 billion.
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The USDA on Friday also raised its estimate for U.S. soybean ending stocks by 15 million bushels to 475 million bushels, topping market forecasts for 428 million.
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The average estimate in a Reuters survey of analysts put U.S. corn yields at 220 bushels per acre, down from the USDA's August forecast of 210 bushels.
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Analysts had expected corn production of 13.672 billion bushels and soybean production of 3.577 billion bushels, based on an average of estimates given in a Reuters poll.
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Corn ending stocks were seen at 2.403 billion bushels, 86.503 million below analysts' estimates, with U.S. wheat pegged at 1.143 billion bushels, 4 million above market expectations.
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In its monthly production update, USDA forecast the 2016/17 U.S. soybean crop at 4.201 billion bushels, based on an average yield of 50.6 bushels per acre.
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Analysts had been expecting corn production of 25 billion bushels and a yield of 21.143 bushels per acre, based on the average of forecasts in a Reuters survey.
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Analysts had been expecting corn production of 395 billion bushels and a yield of 225 bushels per acre, based on the average of forecasts in a Reuters survey.
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The U.S. Department of Agriculture in a monthly report on Tuesday slashed its corn yield projection by 10 bushels an acre from May, or 5.7%, to 166 bushels.
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The U.S. corn harvest will fall to a four-year low of 13.680 billion bushels, based on an average yield of 166.0 bushels per acre, the report said.
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Under the same 86.55 million harvested acres, trimming yield by 1 bushel to 174.1 bushels per acre removes 85 million bushels, or 2.2 million tonnes, from the harvest.
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U.S. soybean exporters processed a monthly record 22016 million tonnes (217 million bushels) of the oilseed in January, totaling 231 million tonnes (22017 billion bushels) since Sept. 20167.
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In 2011, the last time that ratings fell 7 percentage points during July, the USDA cut its average yield projection by 5.7 bushels to 153 bushels per acre.
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Rising export demand caused the government to cut its outlook for old-crop soybean ending stocks to a smaller-than-expected 255 million bushels from 350 million bushels.
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USDA said that wheat ending stocks at the end of the 278.96/21 marketing year would be 228 million bushels, up 58.503 million bushels from its March outlook.
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U.S. corn ending stocks were seen at 2.403 billion bushels, 10 million below analysts' estimates, with U.S. wheat pegged at 1.143 billion bushels, 4 million above market expectations.
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USDA raised corn ending stocks for the 2018/19 crop year to 1.813 billion bushels and soybean ending stocks to 885 million bushels, both lower than analysts were expecting.
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For soybeans, USDA pegged U.S. 2016/17 ending stocks at 22017 million bushels, up 218 million bushels from its May outlook and bigger than the average of analysts' estimates.
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U.S. corn production in the 22017/203 crop year will total 220 billion bushels, based on an average yield of 22016 bushels per acre, USDA said in the report.
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These combined factors have helped drive down the USDA's estimate of ending inventories to 475 million bushels, down 55% from its peak estimate of 1.04 billion bushels in June.
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Analysts had been expecting soybean ending stocks of 443 million bushels and corn ending stocks of 1.864 billion bushels, based on the average of estimates in a Reuters poll.
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USDA put new-crop corn stocks at 2.081 billion bushels, below the 256.50 billion bushels expected by the average of analysts' estimates but in line with a range of expectations.
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The corn crop was seen at 14.778 billion bushels, based on an average record yield of 180.7 bushels per acre, the government said in its monthly supply and demand report.
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Analysts had been expecting 2019-20 ending stocks of 910 million bushels for soybeans and 2.131 billion bushels for corn, according to the average of estimates in a Reuters poll.
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Corn stocks as of September 1 were forecast at 2.035 billion bushels, USDA said in its monthly supply and demand report, up from its March forecast of 1.835 billion bushels.
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USDA's monthly supply and demand report pegged U.S. corn ending stocks for the 2017/18 marketing year at 2.352 billion bushels, down from its January estimate of 28.50 billion bushels.
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There are just over 617 million tonnes (384 million bushels) of wheat left to ship by May 31 in order to meet USDA's 2016/17 projection of 1.025 billion bushels.
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Domestic wheat ending stocks for the 2017/18 marketing year that began on June 1 were pegged at 924 million bushels, 10 million bushels higher than the government's May estimate.
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The USDA's quarterly stocks report also showed the domestic corn stockpile at 5.306 billion bushels, the largest June figure since 5.839 billion bushels in 1988 and the third highest ever.
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Soybean end stocks for the 116.503-19 marketing year will be 900 million bushels, down from the government's February estimate of 910 million bushels but still the biggest on record.
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Analysts had been expecting 2019-20 ending stocks of 203 million bushels for soybeans and 2.131 billion bushels for corn, according to the average of estimates in a Reuters poll.
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The USDA put U.S. soybean ending stocks at 2.23 million bushels, unchanged from its estimate in November and 10 million bushels above the analysts' average estimate from a Reuters survey.
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On the demand front, USDA raised its soy usage outlook by just 7 million bushels, with a 20 million bushel cut to crushings largely mitigating 25 million bushels of increased exports.
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On average, analysts believe that USDA will raise soybean yield to 47.5 bushels per acre from 46.7 bushels per acre in Friday's Crop Production report, also due out at noon EDT.
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Analysts had been expecting new-crop corn stocks of 2.122 billion bushels and new-crop soybean stocks of 563 million bushels, according to the average of estimates in a Reuters poll.
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If final corn yield, which will be revealed in January, ends up at USDA's original 2016 trend value of 168 bushels per acre, this would reduce production by 1.7043 million bushels.
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The government said in its monthly supply and demand report that the 2019/20 U.S. corn harvest would total 13.875 billion bushels and the soybean harvest would total 3.845 billion bushels.
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They expect the agency to place U.S. soybean yield at a record 52.2 bushels per acre and U.S. ending stocks at a burdensome 9763 million bushels, above last month's 785 million.
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The 650 million bushels of corn sold within the nine weeks ended March 8 represent more than a quarter of the U.S. Department of Agriculture's annual target of 2.225 billion bushels.
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Commodity brokerage INTL FCStone raised its estimate of the average U.S. 2019 corn yield to 168.4 bushels per acre, from 167.4 bushels in its previous monthly report released on Aug. 1.
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U.S. corn production for the 2019/20 marketing year came in at 13.692 billion bushels, based on an average yield of 168.0 bushels per acre, USDA said in a monthly report.
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Corn stocks were 11.952 billion bushels, down 4.9 percent from a year earlier but still the third highest ever, and wheat stocks were 1.999 billion bushels, the second biggest in 31 years.
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The outlook for the 22019-220 soybean ending stocks was 21.060 million bushels bigger than the government's April estimate and stemmed from a cut of 100 million bushels to its export outlook.
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U.S. corn ending stocks for the 2017/18 crop year were pegged at 2.335 billion bushels, up from 2.273 billion bushels in the USDA's August World Agriculture Supply and Demand Estimates report.
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A national yield of 22016 bpa would be the third-largest on record and a year-end supply of 217 billion bushels would be the smallest since 2013/14 (1.232 billion bushels).
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In its monthly supply and demand report, the U.S. Agriculture Department (USDA) pegged domestic 2019/20 soybean ending stocks at 425 million bushels, down from its January forecast for 475 million bushels.
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A year ago, U.S. soybean exports came in 246 million bushels above the government's initial view and corn exports were raised by 198 million bushels after farmers reaped bumper harvests of both crops.
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U.S. processors are expected to open plants with capacity to process at least 23 million bushels of soybeans in 24, up around 22 percent from existing capacity of an estimated 21 billion bushels.
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In its monthly crop production report, USDA said the soybean harvest for the 22.384/2395 marketing year would come in at 2365 billion bushels, up from its September outlook for 21.138 billion bushels.
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Domestic corn ending stocks for 21.875-210 were forecast at 21.055 billion bushels, the USDA said in its monthly supply and demand report, up from its outlook for 21.010 billion bushels in February.
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The USDA raised its forecast of U.S. 2016-113 soybean ending stocks to 395 million bushels, from 365 million in September, and up from 197 million bushels at the end of 2015-16.
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The USDA put soybean production at 20.2 billion bushels, down from 22019 billion in September, and lowered its 5003/2500 soy ending stocks forecast to 22019 million bushels, from 220 million last month.
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Analysts had been expected a milder decline to 543 bushels.
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Food use for wheat was raised by 5 million bushels.
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A year earlier, soybean stocks stood at 627 million bushels.
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Soybean stocks as of June 7523 were 870 million bushels.
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For the 2019/20 crop year, the corn harvest will total 13.901 billion bushels, based on an average yield of 169.5 bushels per acre, the USDA predicted in its monthly supply and demand report.
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The USDA forecast the 2017 U.S. corn crop at 14.065 billion bushels with an average yield of 170.7 bpa, and U.S. soybean production at 4.255 billion bushels with an average yield of 48.0 bpa.
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For the 2019-20 crop year, the corn harvest will total 13.901 billion bushels, based on an average yield of 169.5 bushels per acre, the USDA predicted in its monthly supply and demand report.
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On the supply front, USDA said domestic soybean stocks as of March 28.534 stood at 21.627 billion bushels, the second-biggest on record and the largest March 1 reading since 1.787 billion bushels in 2007.
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Analysts noted Pro Farmer projection for U.S. 2019 corn yield at 163.3 bushels per acre and the U.S. soybean yield at 46.1 bushels per acre, both below the U.S. Department of Agriculture's most recent forecasts.
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Wheat stocks stood at 1.655 billion bushels, the biggest since 1988.
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Analysts had on average expected a smaller decline to 172.4 bushels.
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Domestic corn ending stocks had been seen at 2.485 billion bushels.
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USDA pegged 2017/18 soybean ending stocks at 480 million bushels.
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Analysts had been expecting total wheat production of 1.859 billion bushels.
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The tour average for the area is 23 bushels per acre.
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The wheat export forecast also was cut by 35 million bushels.
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Wheat exports were cut to 965 million bushels from 1.000 billion.
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So just 103,000 ruined bushels means around $34,000 in lost revenue.
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Wheat stocks were slightly above trade expectations at 2.385 billion bushels.
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A similar cut to this year's current harvest forecast of 1533 bushels per acre would bring the average corn yield down to 165.1 bushels per acre, which would still be the fourth best yield in history.
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Each bushel per acre adds about 2170 million bushels to the harvest volume, and given that USDA projects corn carryout to stay north of 22014 billion bushels until 22017, every extra bushel adds to the burden.
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Jorgenson surveyed more than two dozen local farmers to assess the damage and tallied about 1.25 million bushels of corn and 390,000 bushels of soybeans lost just in Fremont County, Iowa, worth an estimated $7.3 million.
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Analysts had been expecting the report to peg 2019/20 U.S. corn production at 14.251 billion bushels, based on an average yield of 172.4 bushels per acre, according to the average of estimates in a Reuters poll.
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Analysts had been expecting the report to point to a soybean crop of 4.286 billion bushels, based on an average yield of 51.5 bushels per acre, according to the average of estimates given in a Reuters poll.
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Assuming no changes to yield on Wednesday and taking the acreage increases, 2017/18 corn production will rise 188 million bushels over the June figure, while the soybean harvest will rise a more modest 6.3 million bushels.
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For 2016/17, domestic corn stocks were pegged at 2.384 billion bushels.
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It estimated corn production at 15.030 billion bushels, the second biggest ever.
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That compares with the government's July estimate of 168 bushels per acre.
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For corn, 22006/207 ending stocks were pegged at 7373 billion bushels.
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By 2026/27, USDA has corn yields reaching 20173 bushels per acre.
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The three-year average for district seven was 21 bushels per acre.
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Analysts, on average had been expecting corn stocks of 4.528 billion bushels.
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Analysts, on average, had been expecting wheat stocks of 982 million bushels.
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It raised its 2015/16 soy export forecast by 85 million bushels.
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Analysts, on average, had forecast corn ending stocks of 1.845 billion bushels.
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Farmers harvested the third-largest corn crop in 2015, 13.6 billion bushels.
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Iowa Tour yields come in 3 to 4 bushels per acre lower.
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To round out the beer, Angel City adds bushels of fresh cilantro.
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And then a few days later get a couple bushels of corn.
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It left its corn ending stocks view unchanged at 1.892 billion bushels.
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The U.S. Department of Agriculture, in its monthly World Agricultural Supply and Demand Estimates (WASDE) report, is expected to peg soybean yields at 33 bushels per acre, down from 47.9 bushels in September, according to a Reuters poll.
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The USDA then divided that figure by the 14.6 billion bushels of corn that U.S. farmers harvested in 2017, bringing the per-bushel total to one cent - but only for half of all the bushels they harvest this year.
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U.S. corn harvest will fall to a four-year low of 13.680 billion bushels, based on an average yield of 166.0 bushels per acre, the U.S. Agriculture Department said in its monthly World Agricultural Supply and Demand Estimates report.
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Analysts, on average, had expected a U.S. soybean crop of 1.62016 billion bushels.
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Corn use totaled 3.411 billion bushels during the period, the second biggest ever.
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The lowest trade estimate for 2015/16 soybean carryout is 254 million bushels.
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The tour's three-year average for the district is 184.16 bushels per acre.
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For crop district four, corn yields were pegged at 179.36 bushels per acre.
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"If we lost 753 million bushels of beans, would it matter?" asked Grisafi.
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Wheat stocks stood at 1.591 billion bushels, the second-biggest in 31 years.
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If realized, that would be 217 bushels per acre higher than in 22.409.
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Analysts, on average, had expected a soybean yield of 49.3 bushels per acre.
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The average estimate among analysts surveyed by Reuters was for 570 million bushels.
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Every autumn, I haunt local orchards, eager to pick bushels of my own.
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Children scampered all around, sidestepping bushels of barbed wire as they played marbles.
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The USDA pegged U.S. soybean supplies at 913 million bushels as of Sept.
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USDA left its soybean export outlook unchanged at 1.9 billion bushels this month.
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The outlook for soybean exports held steady at 2.025 billion bushels, USDA said.
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In March, it had cut its soybean exports estimate by 25 million bushels.
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The firm's estimates compare to the U.S. Department of Agriculture's current forecasts for a corn crop of 15.057 billion bushels with a yield of 173.4 bpa and a soybean crop of 4.269 billion bushels with a yield of 51.4 bpa.
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The highest corn acreage scenario would add 80 million bushels to production, but this is a less significant impact than for soybeans as the corn harvest is pegged at 14.2 billion bushels and the new-crop carryout at 2.14.2 billion.
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Analysts, on average, had expected 2015/173 soy ending stocks of 232 million bushels.
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USDA said users burned through a record 3.770 billion bushels of corn from Dec.
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Wheat ending stocks are expected to swell to 1.097 billion bushels from 0.69743 billion.
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Indeed American soyabean production in 2018 is expected to reach 21.8bn bushels, a record.
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The government's soy yield view was raised to 52.5 bushels per acre from 51.4.
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A month ago, USDA estimated 2018-19 soybean ending stocks at 895 million bushels.
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"There are analysts that are estimating 175 bushels per acre (for corn)," said Liddell.
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The all-time high of 171 bushels an acre was set in 2014/2015.
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It left its soybean export forecast for 4.1176.0/20 unchanged, at 1.950 billion bushels.
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New-crop wheat stocks had been expected to come in at 934 million bushels.
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Scouts pegged yields at 186.82 bushels per acre in the same area of 281.223.
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U.S. wheat production came in at 1.884 billion bushels, above the expected 1.872 billion.
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The corn stockpile totaled 2.140 billion bushels, down 7 percent from a year earlier.
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The counties produced 2023 billion bushels of corn in 2015, valued at $7.1 billion.
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The government cut its corn export view by 2116.50 million bushels to 2117.00 billion.
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S. wheat production going down 42 million bushels was a complete surprise for us.
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Domestic soybean ending stocks for 2017/18 were left unchanged at 475 million bushels.
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USDA left its soybean yield projection at 49.5 bushels per acre, unchanged from October.
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This was below analysts' expectations for 5.277 million short tonnes, or 175.9 million bushels.
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This was below analysts' expectations for 5.277 million short tons, or 175.9 million bushels.
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The agency slightly increased world soybean carryout to 83 million tonnes (3.05 billion bushels).
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On average since 173, USDA has missed corn ending stocks by 439 million bushels.
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Bushels worth of dormant stories restless to be told lurk everywhere in New York.
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The USDA earlier this week pegged stocks slightly above expectations at 2.385 billion bushels.
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This was below analysts' expectations for 5.277 million short tonnes, or 175.9 million bushels.
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The goal now is 2,000 bushels an acre of premium apples, Dr. Cox said.
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Analysts, on average, had expected 22016/217 soy ending stocks of 22.329 million bushels.
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In its monthly supply and demand report, USDA said that U.S corn ending stocks for the 281.53/281.31 marketing year will come in at 336.093 billion bushels, 338.006.09 million bushels below the average of estimates given in a Reuters survey of analysts.
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Just for fun, if the United States plants 91.2 million acres of soybeans in 2017 and yields can once again reach this year's estimated 52.5 bushels per acre, the haul would amount to 4.74 billion bushels, topping this year's record 4.36 billion.
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Old-crop U.S. soybean stocks were seen at 21.628 million bushels, in line with expectations.
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USDA's stocks report showed a domestic soybean supply on June 1 of 870 million bushels.
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It forecast U.S. corn production at 15.109 billion bushels, down from 15.215 billion in October.
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Bushels of whisk brooms, made of straw and horsehair and boar hair, lie on shelves.
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Instead, Kraft allegedly bought futures contracts for 15.75 million bushels, worth more than $93 million.
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In 2121, scouts calculated an average yield for the area of 2403 bushels per acre.
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Corn stocks came in at 4.722 billion bushels, up from 4.453 billion a year ago.
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Analysts polled by Reuters had predicted soy stocks would come in at 829 million bushels.
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Wheat stocks as of June 1 stood at 1.100 billion bushels, in line with estimates.
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That is 2000 percent of the 700 billion bushels of predicted corn usage, including exports.
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That is 0003 percent of the 2000 billion bushels of predicted corn usage, including exports.
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For soybeans, ending stocks are sub-500 million bushels, and that's without a trade deal.
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The USDA on Monday pegged U.S. soybean supplies at 913 million bushels as of Sept.
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The government's all-wheat harvest outlook of 1.739 billion bushels was below its July outlook.
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The USDA, in a report on Friday, will peg 2018-19 U.S. corn ending stocks at 2.055 billion bushels, up from 2.035 billion last month, and soybean stocks at 920 million bushels, up from 895 million in April, according to a Reuters poll of analysts.
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On the demand side, it reduced the U.S. soy export forecast by 75 million bushels to 1.875 billion bushels amid ongoing concerns about the ongoing trade dispute between the United States and China cutting into demand from the world's top buyer of the oilseed.
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Drilling down into the China data, the number of bushels already shipped to China is down by 20 percent for the end of February as compared to last year while the number of sold, but not yet shipped, bushels is down by almost 50 percent.
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Soybean stocks as of June 1 totaled 1.790 billion bushels, the largest ever for the period.
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The crop would be the largest since the 2003 Kansas wheat harvest of 480 million bushels.
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The average trade guess for soybean stocks as of June 1, 2017, is 143 million bushels.
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U.S. farmers are on track for a record soybean harvest of more than four billion bushels.
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Analysts estimated the corn yield at 21 bushels per acre, down from 22 bpa on Aug.
|
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U.S. ending stocks are seen falling slightly to 5653 billion bushels from last month's 2565 billion.
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USDA boosted its forecast for U.S. winter wheat production to 1.250 billion bushels from 1.246 billion.
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The 20163/18 winter wheat production forecast was raised to 1.250 billion bushels from 1.246 billion.
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U.S. wheat stocks for 2017/18 had been expected to come in at 911 million bushels.
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"We're very capable of producing a large amount of bushels given an economic incentive," he said.
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The United States annually produces 2.3 billion bushels of wheat across 50 million acres of farmland.
|
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USDA raised both exports and usage from the feed and residual sector by 75 million bushels.
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This yield is far above the previous record of 48 bushels per acre, set last year.
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Interestingly, no industry estimate topped 2365 bushels per acre heading into the August crop production report.
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USDA's latest estimate of 2.127 billion bushels would be down 7 percent from the previous year.
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Ethanol production accounts for about 80 percent of that category, using 333 billion bushels of corn.
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Instead, he rushed to move 1,000 bushels of soybeans stored in a bin beside his house.
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If realized, that would be the smallest U.S. stockpile since 752 million bushels in 2014/15.
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In 2017, China imported 1.4 billion bushels from the United States, 61 percent of total exports.
|
|
The USDA raised its forecast of the U.S. 2016/17 corn yield to a record high 175.3 bushels per acre, at the high end of a range of trade expectations and U.S. 2016/17 soybean yields to 52.5 bushels per acre, above an average of analyst expectations.
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|
Informa projected U.S. soybean production at 4.353 billion bushels, they said, up from 4.3 billion last month.
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The government also raised its forecast for 9203-19 soybean stocks to a record 995 million bushels.
|
|
Average yields were pegged at 753 bushels per acre (bpa) for corn and 48.5 bpa for soybeans.
|
|
In Friday's crop report, the USDA said 1.738 billion bushels of corn were in storage on Sept.
|
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Upward of 340 acres that formerly yielded nothing now contribute as much as 180 bushels per acre.
|
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It lowered its outlook for soybean production in Argentina to 54 million bushels from 56 million tonnes.
|
|
The U.S. Department of Agriculture reported on Friday the U.S. January soybean crush at 269750 million bushels.
|
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Ethanol production accounts for about 333 percent of that category at 5.6 billion bushels of corn use.
|
|
Analysts had been expecting production to fall to 25.09 billion bushels, and a yield of 216 bpa.
|
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On wheat, the lowest acreage scenario would reduce production by 23 million bushels under current yield assumptions.
|
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USDA predicts 2017/18 wheat carryout at 933 million bushels, some 21 percent lower than year ago.
|
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The current figure is also 22 percent larger than that season's final number of 225 billion bushels.
|
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On soybeans, the USDA raised its U.S. yield estimate to a record-high 51.4 bushels per acre.
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Others were scraping coconut flesh to make the milk or stripping leaves from huge bushels of plants.
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Informa estimated 2017 corn production at 14.676 billion bushels, compared to the USDA's figure of 14.578 billion.
|
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The firm put soybean production at 4.450 billion bushels, compared with the USDA's estimate of 4.425 billion.
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"Sixty bushels, we stop now," he once said to his grandfather, according to The Los Angeles Times.
|
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In July, USDA forecast a corn harvest of 2402 billion bushels and a yield of 221 bpa.
|
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"The harvest progress report indicates more than 2 billion bushels of corn (is) still left," Reilly said.
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In the fields, the little bushels of green, ripening grapes cowered beneath gigantic Transformers-style watering vehicles.
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But the handful of shoots he failed to pull produced a few bushels of Duncans a year.
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He had soon picked more than three bushels, which he poured into old-fashioned wooden field boxes.
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Analysts had expected the report to show a corn crop of 13.664 billion bushels, based on an average yield of 165.0 bpa and a soybean crop of 3.883 billion bushels, based on an average yield of 48.6 bpa, according to the average of estimates given in a Reuters poll.
|
|
For soybeans, USDA said the crop would be 4.361 billion bushels, 92 million higher than its October outlook.
|
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For comparison, the world's largest producer of the oilseed – the United States – harvested 4.3 billion bushels last year.
|
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Indiana corn yields were projected lower than a year ago at 161.46 bushels per acre, the tour said.
|
|
For soybeans, USDA said the crop would be 25 billion bushels, 21.143 million higher than its October outlook.
|
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This would amount to a reduction of about 820,000 tonnes from the July estimate of 350 million bushels.
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That's what Chicago supplied in bushels—a reminder of why we have an unquenchable passion for the game.
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Total Kansas wheat production will be 324.3 million bushels, according to estimates by the U.S. Department of Agriculture.
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In his tenure as a farmer, full-field yields have grown by more than 50 bushels an acre.
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A fourth route pegged corn yield potential at 121 bushels per acre and soybean pod counts at 1,240.
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|
"Once you harvest corn at 275 or 270 bushels, it's something you want to do again," he said.
|
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The government's projection of the U.S. corn crop was 220 billion bushels, down from 423 billion in October.
|
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The outlook was based on an average yield of 167.0 bushels per acre (bpa), down from 168.4 previously.
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With the Padres now close to being contenders, returning home for bushels of money could appeal to Strasburg.
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"The grain trading companies may never get their hands on those bushels to move it along," Boland said.
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Soybeans futures jumped the reports, with futures for July delivery trading $14.50 higher at $1,017.75 per 5,000 bushels.
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In its monthly supply and demand report, USDA reduced 245/254 U.S. soybean exports to 250 billion bushels.
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The USDA projected U.S. corn stocks would rise to 2.153 billion bushels by the end of 2016/0.63.
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The teachers received the child they had longed for, and my father's parents received two bushels of grain.
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USDA is transparent about its long-term trend yield calculation, which for 2017 is 170.7 bushels per acre.
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And every year, it requires nearly 500 million bushels of grain — a figure not lost on Nebraska farmers.
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That marked the highest December wheat supply base since 2104, when wheat stocks stood at 257 billion bushels.
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Crops still standing due to weather delays - some 86 million bushels - are likely to have the poorest quality.
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If the sluggishness continues, the full-year expectations of 1.85 billion bushels could eventually be scaled back even further.
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U.S. soybean production was seen falling to 4.255 billion bushels in 2017/22017 from 218 billion in 21.820/22.310.
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This was only achieved once, in 2016, when the crop reached 4.3 billion bushels off a 52.1 bpa yield.
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The tour estimated 24 Kansas winter wheat production at 281.78 million bushels, compared with USDA's 467.4 million in 2016.
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The government raised its forecast of domestic wheat ending stocks to 20.1 billion bushels, a near 274877-year high.
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Analysts had expected corn stocks of 8.335 billion bushels, according to the average of estimates in a Reuters survey.
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Analysts, on average, were expecting 2016/17 soybean ending stocks of 316 million bushels, according to a Reuters poll.
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The government lowered its estimate of 2019/20 U.S. wheat production to 1.920 billion bushels, from 853 billion previously.
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The agency pegged the soy crop at 0003 billion bushels, with yields seen at 2000 bpa, unchanged from October.
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The agency pegged the soy crop at 3.550 billion bushels, with yields seen at 46.9 bpa, unchanged from October.
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For soybeans, Informa put U.S. 2148 production at 2150 billion bushels, near its mid-June forecast of 173 billion.
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Industry analysts expect that 2016/17 U.S. soybean carryout will increase to 413 million bushels from September's 365 million.
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The USDA lowered its estimate for U.S. soybean ending stocks to 460 million bushels from 640 million last month.
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The USDA lowered its estimate for U.S. soybean ending stocks to 460 million bushels from 0.67803 million last month.
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The USDA, however, raised its outlook for U.S. wheat exports in the 2019/20 season by 25 million bushels.
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Corn ending stocks for 2017-18 were trimmed to 2.2017 billion bushels, near the high end of market forecasts.
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The U.S. Department of Agriculture has forecast a record 1.93 billion bushels of soybeans to be crushed by Aug.
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Yet there is more insight here into the Age of Trump than in bushels of political-horse-race journalism.
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The flood has already swallowed his childhood home, many of his fields and more than 20,000 bushels of corn.
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New-crop soybean stocks were raised by 21.505 million bushels to 21.625 million, also near the average of analysts' forecasts.
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The soybean drawdown during that time was 1.164 billion bushels, the third-biggest ever but lower than 2015 and 2016.
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Others were fictional or composite, like a farmer pondering how many bushels of wheat to sell at a given price.
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That would mark the smallest U.S. wheat harvest since the 2006/07 marketing year, when farmers produced 1.808 billion bushels.
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Final yield ended up at a record 176.6 bushels per acre in 2017, nearly 4% above the long-term trend.
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The Farm Journal Midwest Crop Tour estimated corn yields in crop district one of Iowa at 178.67 bushels per acre.
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From 19503 to 2010, annual harvests increased by more than 400 percent, jumping from 2 billion to 10 billion bushels.
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USDA predicts that 213 million bushels of soybeans will be left over when the current marketing year ends in August.
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It said national corn yields would average a record 175.1 bushels per acre, up 4.2 percent from its July outlook.
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It raised its soybean yield view by 4.7 percent to 48.9 bushels per acre, which also would be a record.
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The USDA put the U.S. soybean crop at 3.550 billion bushels, with yields seen at 46.9 bpa, unchanged from October.
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It is easy to standardize—to plant in rows or paddies, and store and record in units such as bushels.
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Informa also lowered its corn yield estimate to 248.0 bushels per acre from its mid-June figure of 22017 bpa.
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In USDA's annual long-term projections released Tuesday, the agency pegged 4.53 U.S. corn yield at 170.8 bushels per acre.
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If realized, the government's corn yield projection would top the previous record of 174.6 bushels per acre reached in 2016.
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But in March, USDA drastically increased 2017-18 corn use by 225 million bushels, which was mostly rooted in exports.
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And 20163 bpa – a very realistic possibility under stellar weather conditions – brings that number right back around 2 billion bushels.
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But this exercise demonstrates just how big a difference a few bushels in the yield can make on overall supply.
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States like Iowa and Illinois, both of which feature top House races this November, produce millions of bushels every year.
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But he knows many farmers in the area whose bins -- storing thousands of bushels of corn and soybeans -- were deluged.
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Underneath, visitors and merchants crowd tables loaded with tubs of silver fish, slabs of raw pork, and bushels of spices.
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The USDA also reported U.S. June 1 corn supplies at 5.202 billion bushels, below the average trade estimate of 5.332 billion.
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The market has begun to account for some bushels being lost to the weather problems even if the USDA has not.
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And it would be 13 percent higher than current third-place 2100, when June 21 soybean reserves tallied 21 million bushels.
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The government also boosted its wheat ending stocks outlook by 5 million bushels to 1.143 billion, in line with market forecasts.
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"The more acres they farm and bushels per acre they produce - the more assistance they receive," she said in emailed comments.
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This is a relatively negligible difference if demand does not change, but 174.1 bushels per acre may be an optimistic estimate.
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The USDA cut its soybean yield estimate to 48.5 bushels per acre, from 49.5 in June, a slightly below market estimates.
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That is much smaller than corn feed and residual use of 5.175 billion bushels, but up 65% from the previous year.
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Bushels of receivers every year come into the NFL needing to refine their route-running or catch technique but never do.
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Analysts had been expecting corn stocks of 1.991 billion bushels, according to the average of analysts' estimates in a Reuters poll.
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For example, producing 28503 bushels of wheat per acre at $22019 per bushel generated $270.90 of income per acre in 2015.
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Scooter companies are attracting bushels of venture capital, with investors looking to grab a slice of the $7 trillion mobility market.
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The crop tour estimated an average Canadian wheat yield, excluding durum, of 52.1 bushels per acre, the same as last year.
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In 2015, Iowa farmers produced more than 2.51 billion bushels of corn, according to the US Department of Agricultural Statistics Service.
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Since 2001, Tour corn yields in Ohio and Indiana have tallied on average 2 bushels per acre lower than USDA's final.
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One large shipper paid 80 cents over futures for more than 300,000 bushels of soybeans this week, a three-year high.
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He grows about 25,000 bushels of soybeans a year, so if the price goes down $2, that costs him around $50,000.
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Commodity brokerage INTL FCStone raised its forecast of the U.S. 2019 soybean yield to 48.3 bushels per acre, from its Aug.
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For soybeans, Informa put the 2017 soybean yield at 49.7 bushels per acre, up from the USDA's last figure of 49.5.
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Traders shrugged off a National Oilseed Processors Association report that showed its members crushed a record 176.940 million bushels in January.
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Corn stocks were 2.114 billion bushels, the USDA said, below projections for 2.428 billion and down 1% from a year ago.
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I am in receipt of bushels of letters on the subject, and most of them protest vigorously against the proposed plan.
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USDA boosted its U.S. soybean ending stocks view for the 210.007.59/210.008.87 crop year by 10 million bushels to 460 million.
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U.S. corn supplies as of March 1 were a record 8.616 billion bushels, up from 7.822 billion in 2016, USDA said.
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The news sent K.C. July wheat futures more than 6 percent higher on Monday, but most of those gains were erased by Thursday's close as the Wheat Quality Council pegged Kansas wheat yield potential at 46.1 bushels per acre, above the five-year tour average of 41.6 bushels per acre, and the fourth-largest tour estimate since 183.
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Corn yields were averaging 204.01 bushels per acre, based on the average of six surveys taken in Rock, Pipestone and Lyon counties.
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But you might find yourself spending your whole day collecting bushels of angel checks without having time to, well, run your company.
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Corn yields in Ohio were projected sharply lower than a year ago at 154.35 bushels per acre, the tour said on Monday.
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Kraft was allowed to have a futures position of roughly 3 million bushels of wheat, the CFTC said in the original complaint.
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Some 1,300 apple-growers in Washington state, the leading source of exports, sell between 12m and 15m bushels a year to Mexico.
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Corn ending stocks for 2180/248.9 are projected 0.93 million bushels higher and, if realized, would be the highest since 20.9/21.
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USDA raised its outlook for 24.123/249.0 May ending stocks to 1.070 billion bushels from 995 million due to the reduced exports.
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If USDA's optimistic 175.1 bushel-per-acre yield proves true, the new harvested area assumptions remove only 94 million bushels from production.
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Analysts expect the USDA to lower its soybean yield estimate to 48.6 bushels per acre (bpa), down from 49.5 bpa in June.
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|
Corn stocks came in at 6573 billion bushels, though half of the analysts polled by Reuters expected to see sub-2 billion.
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|
Informa raised its forecast of U.S. 2016/17 winter wheat production to 1.405 billion bushels from 1.377 billion previously, trade sources added.
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|
"We instantly purchased about 9 to 1003 million bushels of sorghum that was previously unavailable, that was canceled (to China)," Dale said.
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On another route that surveyed fields in Minnehaha and Lake counties, yield potential averaged 168.4 bushels per acre and pod counts 1,184.0.
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USDA has pegged soybean exports for the marketing year to fall by 254 million bushels, due to the trade war with China.
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|
Pro Farmer also predicted that U.S. corn output would fall short of the U.S. Department of Agriculture's forecast for 14.153 billion bushels.
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The latest outlook also calls for ethanol producers to use 5.550 billion bushels of corn, 25 million less than the prior estimate.
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|
The USDA forecast corn yields for Illinois, the second biggest state for production of the yellow grain, at 22016 bushels per acre.
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|
Analysts had been expecting wheat ending stocks of 258.50 million bushels, based on the average of estimates given in a Reuters poll.
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Costco plans to buy 300,000 bushels of corn and 3,000 tons of soybean meal per week from local providers, the council said.
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Under the highest planting scenario of 91 million acres, a yield of just 48.5 bushels per acre would offset the production gains.
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Should yield reach 50 bpa even under modest acreage assumptions, it could add nearly 100 million extra bushels into the ending stocks.
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To compare the actual numbers in Nebraska, approximately 153 to 20 bushels per acre must be added to the Tour's corn yield.
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USDA pegged soybean ending stocks at 425 million bushels, down 5 million form October due to the cut to the production forecast.
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The same day that Mr. Trump sent that soothing signal, Mr. Knopf decided to sell another 5,000 bushels while prices remained steady.
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Canola yields are expected to jump 3.8% to 41.3 bushels per acre, while harvested area was set to fall 8.3%, Statscan said.
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Adams was in charge of feeding the cows bushels of cured, baled alfalfa, which were wrapped in wire mesh and required clipping.
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The USDA said in a separate report that 5.24 million tons, or 175 million bushels, of U.S. soybeans were crushed in November.
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Many farmers are selling at C$11 per bushel for yields Sirski estimates at an average 31 bushels per acre in Manitoba.
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Now that we're looking at less than 500 million bushels (for 2019/20), longs are starting to get behind the soybean market.
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On a bullish note, NOPA reported that its members crushed 174.8 million bushels of soybeans in December, the second-most on record.
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The average of estimates in a Reuters poll of analysts had expected the report to show ending stocks of 447 million bushels.
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Analysts had expected U.S. soy end stocks of 452 million bushels, according the average of analysts' estimates given in a Reuters survey.
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The government said 2015/16 corn ending stocks would be 1.716 billion bushels, up 10 million from August due to lower exports.
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The government said 2015/16 U.S. corn ending stocks would be 1.716 billion bushels, up 10 million from August due to lower exports.
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One more factor to consider: farmers are getting more bushels per acre than ever due to changing technology and the use of herbicides.
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The Kansas Wheat Commission, a trade group, estimated losses this year from the virus at about 19 million bushels, valued at $76.8 million.
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They are scoring bushels of goals at one end of the ice while managing to keep the puck out of their own net.
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Costco plans to buy 300,000 bushels of corn and 3,000 tons of soybean meal each week from local providers, according to the release.
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|
Last month, the U.S. Department of Agriculture cut domestic soybean exports to 2.1 billion bushels, some 3 percent smaller than last year's record.
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Near Crescent, Iowa, farmer Don Rief said the flood damaged more than 60,000 bushels of his grain, worth hundreds of thousands of dollars.
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Soybean usage was the highest ever for the quarter at 13 million bushels, but stocks remained high due to last year's bumper harvest.
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" * Karl Setzer, commodity risk analyst for AgriVisor: "At the end of the day, corn carry-out is still holding around 1.9 billion bushels.
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USDA's current full-year export target of 22015 billion bushels is 22 percent larger than the agency's 22008/22017 forecast two Novembers ago.
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However, USDA has not yet reduced its 20173/22017 projection, which has grown by 257 million bushels since the initial estimate in May.
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The USDA pegged 2019 U.S. soybean output at 1.123 billion bushels, at the low end of market expectations, as it cut estimated acreage.
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|
The USDA raised its forecast of U.S. wheat ending stocks to 1.138 billion bushels, the most since 1987-88 marketing year, if realized.
|
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It raised its export outlook by 25 million bushels to 1.0 billion due to recent sales of hard red winter wheat to Iraq.
|
|
It has raised bushels of cash and grown extremely rapidly — and the story is continuing to develop for the cloud data lake company.
|
|
Commodity brokerage INTL FCStone late Wednesday raised its forecast of the U.S. 2019 soybean yield to 48.3 bushels per acre, from its Aug.
|
|
In its monthly update last Friday, USDA made no changes to 2016/17 domestic soybean ending stocks, which stands at 480 million bushels.
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Analysts had expected the government to show ending stocks of 945 million bushels, according to the average of estimates in a Reuters survey.
|
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Gro pegged the U.S. 2018-2019 soybean yield at 50.6 bushels per acre, also below USDA and below the range of Reuters' survey.
|
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Both subsidies only cover half the bushels harvested this fall, though the government could soon decide to apply more aid money to this season.
|
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An 89 million-tonne haul for China next year would be record-setting and is no small quantity – the equivalent of 3.27 billion bushels.
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Randy Sims, a hog-and-grain farmer in western Illinois, produced 75 bushels of soyabeans per acre, a third more than in the past.
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|
USDA pegged 22.035-193 soybean ending stocks at 219 million bushels and corn stocks at 2920 billion in its monthly supply and demand report.
|
|
Earlier this year Perdue Farms opened a processor with capacity for 17.5 million bushels in Pennsylvania, that state's first large-scale soy crushing plant.
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USDA also penciled in 1683 billion bushels of corn carryover at the end of the 2016/17 marketing year, which began on Sept. 1.
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|
Since the rest of the world thinks in metric tons (tonnes), it is helpful to think of 2.409 billion bushels as 61.2 million tonnes.
|
|
However, the USDA separately projected that U.S. soybean exports would rise to 2.025 billion bushels in 2019/23, from 1.875 billion in 2018/19.
|
|
The U.S. Agriculture Department has projected South Dakota corn yields at 147.0 bushels per acre this year, below the 159.0-bushel average last year.
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And then they gave me two gigantic bushels of dates as a present, as a thank you for the trip that we had had.
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Soybean stocks of 2.716 billion bushels were the largest on record for the time period and also were above market forecasts for 2.683 billion.
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But Taylor is quick to clarify that the instructor, Michael J. Cirino, will be doing his demonstrations with big, fragrant, green bushels of… oregano.
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In the 20 years since GMO corn reached U.S. farms, yields jumped another 37 percent to a record 174.6 bushels per acre last year.
|
|
Here in Kansas, wheat farmers planted fewer acres than normal in 85033, but had record yields and produced a crop of 462 million bushels.
|
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This number is basically identical to the carryouts in both 2014-15 and 2015-16, but significantly smaller than last year's 183 billion bushels.
|
|
If yield were to match last year's high of 176.6 bpa, new-crop carryout jumps to 1.72 billion bushels from the potential 1.5 billion.
|
|
Commodity brokerage INTL FCStone late on Wednesday raised its forecast of the U.S. 2019 soybean yield to 93 bushels per acre, from its Aug.
|
|
The firm put U.S. soybean production at 3.661 billion bushels, down from 3.743 billion previously, reflecting a smaller harvested acreage figure from last month.
|
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The firm put U.S. soybean production at 93 billion bushels, down from 3.743 billion previously, reflecting a smaller harvested acreage figure from last month.
|
|
The United States shipped 9.44 million tonnes (347 million bushels) of soybeans during October, according to data published Tuesday by the U.S. Census Bureau.
|
|
One year ago, USDA had 465 million bushels and 83 million tonnes of soybeans slated for U.S. and world carryout in 2015/163, respectively.
|
|
The differential on soybean carryout has been similar in magnitude to that of corn, but the largest miss was 275 million bushels in 1999.
|
|
The USDA earlier this week pegged corn stocks at 2.114 billion bushels, below projections of 2.428 billion and down 1% from a year ago.
|
|
The agency cut its estimate for the 2018 soybean crop by 2.6% to 4.428 billion bushels, which contributed to stockpiles being smaller than expected.
|
|
Last month, a delegation of nearly a dozen companies from China signed a $5 billion deal to purchase 460 million bushels of American soybeans.
|
|
Based on the USDA's forecast for a soybean crop of 4.586 billion bushels, that would be worth $7.6 billion in aid for soybeans alone.
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|
The chips are small but crunchy, and use the same blend of peppers, salt, and sugar that restaurants use when steaming bushels of crabs.
|
|
INTL FCStone on Monday raised its estimate of the average U.S. 2018 corn yield to 182.7 bushels per acre (bpa), from 177.7 bpa in August.
|
|
Owner Dan Koster said at the party he may take in 60% to 75% of the 10 million bushels he handles in a typical year.
|
|
Corn yield potential averaged 173 bushels per acre (bpa) through 10 stops in the Iowa counties of Iowa, Poweshiek, Marshall, Tama, Grundy and Butler counties.
|
|
The USDA pegged U.S. corn ending stocks for the 2019-20 crop year at 2.485 billion bushels, which would be the most since 1987-88.
|
|
AGP broke ground earlier this year on a new soy plant in Aberdeen, South Dakota, that will have annual capacity to process 40 million bushels.
|
|
The USDA on Tuesday cut its corn yield projection in a monthly report by 5.7% to 166 bushels, surprising analysts who expected a smaller decline.
|
|
The combined companies could handle as much as 7 percent of the U.S. corn supply of over 15 billion bushels, according to the companies' websites.
|
|
USDA had estimated total U.S. sorghum exports at about 245 million bushels in the current shipping season, accounting for about 67 percent of the crop.
|
|
On the domestic front, some traders were disappointed that the USDA left its forecast of U.S. 2016-17 corn exports unchanged at 21 billion bushels.
|
|
The U.S. Agriculture Department's latest report on U.S. grain stocks showed that domestic soybean supplies stood at a record 225 billion bushels as of Dec.
|
|
Analysts expect USDA to place U.S. corn yield at 2460 bushels per acre, below its August estimate of 2976, but still above last year's record.
|
|
"We are lugging around 8.6 billion bushels of corn, which gives us a bigger buffer than we thought," said Don Roose, president of U.S. Commodities.
|
|
INTL FCStone on Monday raised its estimate of the average U.S. 13 corn yield to 182.7 bushels per acre (bpa), from 177.7 bpa in August.
|
|
Analysts had predicted the report would show winter wheat production sliding to 1.239 billion bushels, according to the average of estimates in a Reuters poll.
|
|
On the stocks front, domestic soybean supplies stood at 1.222 billion bushels as of June 1, topping the record of 1.092 billion set in 2007.
|
|
Analysts were looking for USDA to lower the U.S. corn yield to 219 bushels per acre (bpa) from the long-term trend of 248 bpa.
|
|
About 11 to 12 bushels per acre must be subtracted from the Tour's Minnesota yield because the routes mostly cover the higher-yielding southern tier.
|
|
"On a national basis we are seeing ... very few (anecdotal harvest) yields that are below USDA's number, at 50-plus (bushels per acre)," Feltes said.
|
|
In Iowa and Illinois, the two largest production states for corn, USDA boosted its average yield by 6 bushels per acre from its October estimate.
|
|
But cargoes to all other destinations are down 103 percent on the year, equal to about 1 million tonnes or 37 million bushels (reut.rs/2dLSFiD).
|
|
Total corn stocks as of June 1 stood at 5.225 billion bushels, the third biggest ever for the period and the most in 30 years.
|
|
Whether you'd like to give away several thousand bushels of soybeans or a prehistoric fossil, there just might be a charity that's willing to receive it.
|
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The most recent July yield change was in 2012, when an historic drought caused the government to slash its yield outlook by 20 bushels per acre.
|
|
In Iowa, the top corn production state and the second biggest for soybeans, USDA raised the average soybean yield to 59.0 bushels per acre from 58.0.
|
|
On Wednesday, corn yield potential averaged 175.56 bushels per acre (bpa) through eight stops in the Illinois counties of McLean, Tazwell, Peoria, Knox, Stark and Henry.
|
|
And while industry capacity could reach 2 billion bushels in under two years, the USDA said crushings likely will not reach that level until 2020-21.
|
|
Since March, USDA has steadily increased current year soybean exports each month for a total increase of 48.83 million bushels over that time frame (reut.rs/2b10jFm).
|
|
On average, analysts polled by Reuters believe that USDA will place 2015/16 U.S. soybean carryout at 320 million bushels (20163 million tonnes) in Friday's report.
|
|
If realized, the corn yield would be an all-time record as it would exceed the high of 171 bushels an acre set in 2014/13.
|
|
The drop, along with a decrease in the USDA's expectation for how many acres farmers will plant, left the government's production estimate at 254 billion bushels.
|
|
The previous two harvests, 2014 and 2015, held the previous production record of 3.93 billion bushels each with yields of 47.5 bpa and 48 bpa, respectively.
|
|
The wheat harvest was boosted by a larger-than-predicted spring wheat crop of 623 million bushels, the third-largest on record behind 1992 and 1996.
|
|
About 84 million bushels of corn are at stake with a 1-bpa yield move, just 4 percent of USDA's domestic carryout prediction for 2017/18.
|
|
Scouts on a third route found average corn yields at 127.0 bushels per acre and soybean pod counts of 1,348 per 3-by-3 foot square.
|
|
USDA placed U.S. corn yield at 83 bushels per acre and soybean yield at 49.4 bpa, both of which comfortably topped even the highest analyst prediction.
|
|
U.S. wheat ending stocks were pegged at 1.055 billion bushels, up from the February outlook of 1.010 billion and above the high end of market expectations.
|
|
The usage of U.S. corn for sweeteners and alcoholic beverages will combine for 215.4 billion bushels in 22017-22015, according to the U.S. Department of Agriculture.
|
|
A record high 250 million bushels, or 1 percent of the total use, is scheduled for direct use in alcoholic beverage production, including spirits and liquors.
|
|
USDA has new-crop soybean carryout at 475 million bushels, so without an increase to demand or decrease in yield, this figure could push 9333 million.
|
|
Canada's grain policies deprive U.S. wheat farmers near the border of significant marketing opportunities, while millions of bushels of Canadian wheat stream uninterrupted across the border.
|
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They hope that the accusation of trading "bushels of cash" for American prisoners will make her appear weak in dealing with a country that supports terrorism.
|
|
The U.S. Department of Agriculture (USDA) on Friday lowered its estimate of U.S. spring wheat output, excluding durum, to 534 million bushels from 571 million previously.
|
|
The usage of U.S. corn for sweeteners and alcoholic beverages will account for 22017 billion bushels in 215.4-22017, according to the U.S. Department of Agriculture.
|
|
A record high 700 million bushels, or 250 percent of the total use, is scheduled for direct use in alcoholic beverage production, including spirits and liquors.
|
|
A couple of days later, he harvested the last of the soybeans, but chose to store the final batch — roughly 4,500 bushels — at a grain elevator.
|
|
The Arthur Companies in 103 opened a shiny drying, storage and loading facility that can hold 2.7 million bushels of beans waiting for the next train.
|
|
It is expected to show 5.277 million short tons, or 175.9 million bushels, of soybeans were processed in November, according to a Reuters survey of analysts.
|
|
The firm on Tuesday raised its estimate of the average U.S. 2019 corn yield to 0.67133 bushels per acre, from 168.4 in its previous monthly report.
|
|
The firm on Tuesday raised its estimate of the average U.S. 2019 corn yield to 169.3 bushels per acre, from 168.4 in its previous monthly report.
|
|
U.S. soybean ending stocks for the 2018/19 marketing year were pegged at 955 million bushels, the government said in its monthly supply and demand report.
|
|
The large stocks persisted even though farmers moved 2.067 billion bushels of corn out of their storage bins between March and June, according to the USDA.
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Bartlett controlled the 20th largest U.S. grain storage network last year, with a capacity of 67.76 million bushels, according to Milling & Baking News, an industry publication.
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USDA raised its estimate of old-crop U.S. corn exports by 75 million bushels and new-crop exports by 100 million due to crop problems in Brazil.
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And that means great business for the iPhone hoarders who stand in line to buy the new phones in bushels — and sell them for a hefty profit.
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The event echoes a recent incident at American University where, weeks earlier, someone hung bushels of bananas with racist messages from nooses at several locations around campus.
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But shipments and bookings have been stronger than year-ago, supporting the argument that USDA needs to increase its 212/17 export target of 2.05 billion bushels.
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If legislators don't address the provision by the autumn harvest, private grain companies could lose out on deals to buy billions of bushels of corn and soybeans.
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Lansing was founded in 1922 and handles nearly 1 billion bushels of corn annually, supplying livestock farmers in the U.S., Canada and Mexico, according to its website.
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The projected increase reflected a drop in the government's estimate of U.S. corn exports to 2.375 billion bushels, down 75 million from the USDA's previous monthly report.
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But 2628 of those countries produced more than 28500 million bushels of corn, meaning grain production and related industries are central to the economies of these counties.
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Adding to that concern: After a dry summer, he expects his poorest soybean field to yield around 2000 bushels per acre, 65 percent off the state average.
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Latest estimates from the USDA put U.S. production of spring wheat other than durum, which is used for pasta, at 423 million bushels, the smallest since 2002.
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USDA earlier this month placed U.S. corn and soybean yields at 2168.6 and 223 bushels per acre, respectively, both of which were larger than the market expected.
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Last year U.S. farmers supplied 2628 billion bushels, more than half of their total production, to the export market to "feed the world" as the saying goes.
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He's a big believer in training people through redirection and praise for even tiny changes, kind of like throwing bushels of "Whoosa Good Boy!" at your dog.
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Last month, the Department of Agriculture forecast that the soybean carry-over would reach 895 million bushels in September, more than twice what it was in 2018.
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They farm 20,000 bushels of corn and soybeans per year, and said they had lost 85 cents per bushel as a result of Mr. Trump's trade war.
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The amount of soybeans sitting in storage in December hit a record high of 3.7 billion bushels, according to new data from the US Department of Agriculture.
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Brokerage INTL FCStone on Tuesday raised its estimate of the average U.S. 2019 corn yield to 1.103 bushels per acre, from 168.4 in its previous monthly report.
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The government's projection of the U.S. corn crop was 29 billion bushels, down slightly from September as a reduction in harvested acreage offset the higher average yield.
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It also saved some 570 million bushels of corn, soybeans, and wheat, in part because there was less ashy pollution to block sunlight and reduce crop yields.
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Assuming a very optimistic end to 2016/17 and applying 2012's deviation to USDA's current 23 billion bushel forecast would bump crush to 2.035 billion bushels.
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Given USDA's harvested area target of 143 million acres, the production difference between corn yields of 167 and 172 bpa is 13.761 billion bushels versus 14.173 billion.
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Earlier in the day, the U.S. Department of Agriculture predicted U.S. soybean production for the 2018-19 crop year would hit 5603 billion bushels, topping market forecasts.
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That 22014-for-17 accuracy rate hasn't deterred an offseason experiment where Simmons shot bushels of 3s in hopes of becoming a factor from behind the arc.
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The USDA left its forecast for U.S. 2019-20 corn ending stocks unchanged at 63 billion bushels, while analysts surveyed by Reuters on average expected a reduction.
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In South Dakota, the tour estimated corn yields at 154.08 bushels per acre, down from 29 bpa last year and the tour's three-year average of 2299.80 bpa.
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The drop, along with a 3-percent decrease in the USDA's expectation for how many acres farmers will plant, left the government's production estimate at 13.68 billion bushels.
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From what to pair with slices to recipes to use up the bushels you bring home, know before you go with our guide to picking the perfect apple.
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While February cancellations are not necessarily uncommon, they might not pave a path to 2.1 billion bushels, especially with a big Brazilian crop about to flood the market.
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AGCO will also sell Fendt harvesters with up to 50-feet long platforms and internal storage for as much as 220 60-kg bags of soybeans (485 bushels).
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The USDA also pegged March 1 corn stocks at 7.808 billion bushels, above the average analyst estimate of 25.8 billion and the largest for the quarter since 210.
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NOPA members, which handle about 95% of all soybeans processed in the United States, crushed 168.093 million bushels of soybeans in July, the highest-ever for the month.
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In South Dakota, the Tour's corn yield comes in 5 bushels per acre too high because the routes also feature more of the better farmland in the state.
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The USDA lowered its estimate of the U.S. 22016 corn yield to 248.373 bushels per acre, from 2248.37 in September, but still the highest on record, if realized.
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Analysts are expecting soybean yields to rise to 51.5 bushels per acre in the U.S. Department of Agriculture's monthly crop production report, due on Wednesday at noon EDT.
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Pepe's tops their white pie with fresh shucked clams (they shuck 80 to 90 bushels a week at their New Haven location alone), garlic, oregano, and olive oil.
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Based on analysts' area and production estimates, the average implied guess for soybean yield in Brazil is 29 tonnes per hectare, which equates to 22 bushels per acre.
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Brazil exported 8.9 million tonnes (22015 million bushels) of soybeans from September through November, some 21970 percent larger than 21.72's record and triple the decade-ago levels.
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But total corn commitments to date are down 27 percent, and October's volume of 2.73 million tonnes (23 million bushels) is among the month's smallest on record. (reut.
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The government raised its 2017-4023 soybean ending stocks view to 475 million bushels to reflect the record crop projections, slightly above the high end of analysts' forecasts.
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If legislators do not address the provision by the autumn harvest, private grain companies could lose out on deals to buy billions of bushels of corn and soybeans.
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For wheat, the USDA raised its 2016/17 U.S. production view to a bigger-than-expected 2.261 billion bushels from 2.077 billion, due to a robust winter wheat crop.
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Corn production is forecast at a record 217 billion bushels, up 24.06 million from the July projection, the USDA said in its World Agricultural Supply and Demand Estimates report.
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In the past growing season at those farms, yields increased up to 10 bushels per acre of corn, using 30% less water than in prior seasons, the company reports.
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USDA's current U.S. corn yield of 175.1 bushels per acre is propping up domestic supply projections in a big way, but what if yield falls short of that target?
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So American farmers are expected to be left with a record high level of ending stocks of over 1 billion bushels in this marketing year that ends on Aug.
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Even if similarly modest records could be set in the final seven months of 2017-18, annual crush probably cannot push much past 1.96 billion to 83 billion bushels.
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A's fields typically produce the highest yields of the three producers with corn ranging from 210 to 225 bushels per acre and soybeans ranging from 68 to 70 bpa.
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" When Quick countered that people aren't allowed to protest in Saudi Arabia, Ross asserted: "The mood was a genuinely good mood … They gave me two gigantic bushels of dates.
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Across the United States, farmers held soybean stocks of 2.716 billion bushels as of March 1, the largest on record for the time period, the USDA said on Friday.
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High-fructose corn syrup (HFCS), which has become controversial over its linkage to a number of health problems, will use 460 million bushels of U.S. corn during 2018-19.
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But hopefully USDA would have factored that in to its 2016/17 forecast by last November, which was 200 million bushels lower than the current projection for 2017/18.
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For example, the Agriculture Department just reported that while farmers harvested fewer acres of soybeans this past year, they produced a record 85033 billion bushels due to higher yields.
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Tim Beckham is enjoying the best stretch of his career and the Tampa Bay Rays are suddenly scoring runs in bushels entering Friday's road game against the Oakland Athletics.
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USDA surprised the market on Thursday by placing March 1, 2018, U.S. corn inventory at an all-time high of 8.888 billion bushels, some 2 percent higher than expectations.
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At the other extreme are those who look out across the fruited plain and see only silos of identity — of race, gender, faith and class — alongside bushels of guilt.
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For corn, USDA said U.S. ending stocks would be 2.320 billion bushels, the same as its March outlook and compared with the average of analysts' forecasts of 2.352 billion.
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Tour organizer the Wheat Quality Council estimated Kansas wheat production at 382.4 million bushels, above USDA's 2015 estimate of 321.9 million and a five-year tour average of 304.6 million.
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Soybean residual is relatively small, usually never larger than 100 million bushels, but USDA's June-to-July residual adjustments have generally been larger than adjustments to either exports or crush.
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The drop, along with a 3% decrease in the USDA's acreage estimate, left the government's production outlook at 13.68 billion bushels, which would be the smallest harvest in four years.
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The U.S. Department of Agriculture (USDA) on Tuesday cut its corn yield projection in a monthly report by 5.7% to 166 bushels, surprising analysts who had expected a smaller decline.
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"The USDA ripped the Band-Aid off by lowering yield by 10 bushels and then also lowering acreage as well," said Ted Seifried, chief ag market strategist at Zaner Group.
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The reduced harvest will cut 2019/20 corn ending stocks to 176.03 billion bushels, down 23.7 percent from a year earlier and their lowest since the 2013/14 marketing year.
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USDA lowered its 2019-20 soybean ending stocks outlook to 795 million bushels from its previous estimate of 1.045 billion, with the supply decrease coming from its smaller harvest projection.
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This year, we're jettisoning those tired emotional sonnets, bushels of soon-to-be-dead pink roses, and waxy Duane Reade chocolates for a few fresh plays on V-Day standbys.
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The unseasonable heat is almost certain to add bumper bushels to an already burdensome global grain supply that has weighed on crop prices and pressured farm incomes for four years.
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There are over 2628 billion bushels of surplus corn, wheat and soybeans dragging down global prices, and crop production is set to significantly outpace worldwide demand for the foreseeable future.
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Lyons said Nebraska was ideal due to the proximity of grain producers, from which it would procure 300,000 bushels of corn and thousands of tons of soybean meal each week.
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"There's still a significant amount of bushels to be sold, but not nearly as many as we had originally thought," said Ted Seifried, chief market strategist at Zaner Ag Hedge.
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He said the company bought 600,000 bushels of high-protein wheat - more than a quarter of its total wheat purchases - at a premium of 75 cents to $1 a bushel.
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China will have to purchase at least some portion of its soybeans from the U.S. However, it will likely cut back on its purchases by several million bushels, Morrison predicted.
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The firm on Tuesday raised its estimate of the average U.S. 2019 corn yield to 169.3 bushels per acre, from 168.4 in its previous monthly report released on Sept. 4.
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The U.S. Agriculture Department said that farmers still had 1.23 billion bushels of corn in their storage bins as of June 1, the fifth most ever for that time period.
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Just after they leave the video ends but not before we see the bottom feeder throw even more bushels of corn into his bin, a soon-to-be chef's kiss.
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The U.S. Department of Agriculture has projected that U.S. soybean stocks at the end of the 2018/19 marketing year will reach 28.213 million bushels, more than double the previous year.
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The drop, along with a 3% decrease in the USDA's acreage estimate, left the government's production outlook at 13.68 billion bushels, which would be the smallest corn harvest in four years.
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USDA increased U.S. corn yield to 169.9 bushels per acre from its August estimate of 169.5 bpa, and it also raised soybean yield to 49.9 bpa from last month's 49.4 bpa.
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The National Oilseed Processors Association said its member crushed 21.00 million bushels of soybeans last month, down slightly from December's 20.3 million, but above the average analyst estimate of 246516 million.
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The National Oilseed Processors Association said its member crushed 171.6 million bushels of soybeans last month, down slightly from December's 29 million but above the average analyst estimate of 2306.60 million.
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As with corn, the USDA cut its forecast of U.S. 2018/29.653 wheat exports and raised its forecast of wheat ending stocks to 1.055 billion bushels, from 1.010 billion last month.
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The U.S. government estimates farmers will have 103 million bushels, or approximately $8 billion, of last year's soybeans in storage silos around the country when they start harvesting the next crop.
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In the first five months of the 2016/17 marketing year, the United States has shipped the eighth-largest volume of corn on record – some 20163 million tonnes (894 million bushels).
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He pulled over to the side of the road, opened his trailer's bottom hatch and took off, leaving nearly 1,000 bushels of corn strewn across Highway 8 in Gage County, Nebraska.
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USDA projects that 0003 million bushels of U.S. corn will be used this year in the production of glucose syrup and dextrose, which includes but is not limited to corn syrup.
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The U.S. Department of Agriculture this week estimated the HRW wheat harvest at 650 million bushels, the second-smallest since 1964, following reduced plantings and months of drought that slashed yields.
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For what they are worth, word-of-mouth harvest reports as well as those floating around social media seem to confirm the market's yield position comfortably over 50 bushels per acre.
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Kleiss runs a propane-fuelled grain dryer continuously to avoid spoilage of his crop and his propane costs will double to about $60,000 to dry a quarter-million bushels of corn.
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USDA projects that 22015 million bushels of U.S. corn will be used this year in the production of glucose syrup and dextrose, which includes but is not limited to corn syrup.
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The 2.25 billion bushel export target posted late last year has shrunk by almost 7 percent to 85033 billion bushels as reflected in the February World Agricultural Supply and Demand Estimates.
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The wet weather has delayed the entire process, but he expects that if he gets 1,000 bushels of beans, he may be entitled to about $800 in return from the government.
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Another number to watch next week in USDA's report is its forecast for U.S. corn exports, which the agency somewhat inexplicably raised to 22 billion bushels last month from 23 billion.
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The National Oilseed Processors Association (NOPA) said its members crushed 152.6 million bushels of soybeans in September, down 9% from August and below the lowest in a range of trade expectations.
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According to the Ohio Ethanol Producers Association, seven in-state plants normally buy more than 233 million bushels of corn (6.5 million metric tonnes) from 5,300 farmers, including McGlinch, every year.
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That innovation is now seen as a risk to trade because it is hard to segregate crops containing traits lacking import approvals from the billions of identical-looking bushels exported every year.
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"In the coming few months, CBOT traders will hotly debate the weekly crop conditions and implications for yield potential above or below 170 bushels per acre," Rabobank analysts said in a note.
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"The USDA ripped the Band-Aid off by lowering yield by 262 bushels (per acre) and then also lowering acreage," said Ted Seifried, chief agriculture market strategist for Zaner Group in Chicago.
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The automatic addition of 138 million bushels onto the 2018-19 balance sheet puts a damper on that narrative, but any potential carryover demand from the previous year could lighten this load.
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The market fell after the USDA in its monthly supply/demand report raised its forecast of domestic corn stocks at the end of the 2018/19 marketing year to 29 billion bushels.
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In its quarterly stocks report, USDA pegged domestic corn supplies as of March 1 at 1.5913 billion bushels, down from 8.892 billion a year ago but still the third-biggest on record.
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If the trend continues, USDA will likely need to lift the annual target again in the coming months, which could help bring domestic year-end supply near or below 2 billion bushels.
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However, prices were lent some support by the U.S. Department of Agriculture's (USDA) move to lower its corn harvest outlook on Friday to 0.63 billion bushels from 13.779 billion a month earlier.
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Wheeler announced more oil industry handouts last month, bringing the total to 2.6 billion gallons over two years, which is enough to eliminate the market for nearly one billion bushels of grain.
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Though it would not be impossible, it is reasonable to assume that U.S. 2017 yields that end up matching last year's staggering 52.5 bushels per acres would be an extremely difficult feat.
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Private analytics firm IEG Vantage, formerly known as Informa Economics IEG, raised its forecast of the average U.S. 2019 corn yield to 169.6 bushels per acre (bpa), from 167.8 a month ago.
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USDA's largest miss in this regard came in 2004, when corn carryout was initially estimated 1,2004 million bushels below final, or a corn volume similar to that produced by Minnesota last year.
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Ending stocks continue to drop like a rock, down to 460 million (bushels), and the government took the cash price up 50 cents a bushel to $9, and took the demand up.
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USDA upped its export outlook for the marketing year by 35 million bushels and its crushings by 173 million but the bump to production more than made up for the rising demand.
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The company's estimates for the U.S. 2018-2019 corn crop yield were 177.4 bushels per acre, below both USDA's last forecast and lower than the average of estimates in a Reuters survey.
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He turns around with bushels of it in his hand and his (I assume) wife comes into the frame beckoning him to be a better person and stop doing what he's doing.
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CHICAGO (Reuters) - Informa Economics, a private analytics firm, on Thursday raised its estimate of the U.S. 2016 soybean yield to 51.43 bushels per acre (bpa), from 51.6 last month, three trade sources said.
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For corn, 2016/17 U.S. end stocks were lowered by 103 million bushels to reflect the reduced harvest expectations but remained on track to be the biggest since the 1987/88 marketing year.
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The National Oilseed Processors Association said its U.S. members crushed 159.99 million bushels of soybeans in April, down from 170.0 million in March and below an average of analyst expectations for 29 million.
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The National Oilseed Processors Association said its U.S. members crushed 2299.80 million bushels of soybeans in April, down from 21.80 million in March and below an average of analyst expectations for 20.6 million.
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Soybean prices have tumbled as U.S. stockpiles swelled to a record 1.8 billion bushels (49 million tonnes) as of June 1, putting more pressure on slumping incomes for farmers, a key Trump constituency.
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The USDA last month also increased its estimate for the amount of wheat that will be used for feed and residual purposes in 2019/20 by 7% from June to 150 million bushels.
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In order to achieve an annual crush of 2 billion bushels – assuming it is physically possible – monthly volumes would have to break records by an average of 3 percent from February through August.
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In its last demand report, USDA lowered its usage forecast for corn by 100 million bushels, with 75 million coming from export projections and 25 million from decreased demand from the ethanol sector.
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They hold an estimated 0003 million to 10 million bushels of corn and soybeans - worth between $17.3 million to $34.6 million - that could have been damaged in the floods, the company told Reuters.
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Wheat ending stocks also were raised, to 960 million bushels, with the USDA citing increased usage of corn, which is expected to cut into demand for wheat in the feed and residual sector.
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After dinner, served at tables groaning under bushels of peonies, platters of strawberries, and ornate candelabra, the actress Sarah Jessica Parker led a charity auction with the help of Adrien Meyer, from Christie's.
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In the three weeks ending April 26, China canceled just over 196,1.13 metric tons (or about 7.2 million bushels) of U.S. beans for the current marketing year, according to U.S. Department of Agriculture.
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Such promising condition scores have caused some traders and analysts to push their final yield estimates up over USDA's trendline yields of 168 and 46.7 bushels per acre on corn and soybeans, respectively.
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For corn, 163/17 U.S. end stocks were lowered by 25 million bushels to reflect the reduced harvest expectations but remained on track to be the biggest since the 1987/88 marketing year.
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Analysts had been expecting 2015/16 corn stocks to come in at 1.711 billion bushels and 2016/17 corn stocks at 2.329 billion, according to the average of estimates in a Reuters poll.
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This was an era when the word "whoa" was still used in classroom vocabulary, puzzles like "how many pecks are in two bushels" were standard busy work, and horses plodded the streets outside.
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The government cut its forecast for U.S. 2019-20 soybean ending stocks to 425 million bushels, from 475 million previously, citing increased export demand from China even as concerns about the virus persist.
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The new code has pushed the private companies to spend thousands of dollars to form co-ops or find alternative ways to get their hands on billions of bushels of U.S. corn and soybeans.
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On the demand side, the government trimmed its soybean export projection for the 220/215.030 crop year to 2.4853 billion bushels from 22.485 billion a month ago amid the ongoing trade fight with China.
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This rise in so-called precision agriculture has precipitated a massive influx in unstructured "bushels to bytes" farm data, creating new opportunities for an industry that has previously operated solely in the physical realm.
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The bins hold an estimated 5 million to 10 million bushels of corn and soybeans - worth between $17.3 million to $34.6 million - that could have been damaged in the floods, the company told Reuters.
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Interstate Commodities handles about 200 million bushels of grain with annual sales of $2 billion at elevators and rail terminals in South Dakota, Nebraska, Illinois, Ohio and other U.S. states, according to its website.
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In October 2014, USDA projected domestic 0003-15 soybean ending stocks at 450 million bushels, almost five times that of the previous year's 92 million, which had been the lowest carryout in several decades.
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Right now, I am getting ready to start cutting wheat, wondering which field will be ready to cut first, how many bushels it will yield, and whether the wheat will make high-quality flour.
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The seed and chemical giant projects that western Canadian corn plantings could multiply 20 times to 10 million acres by 2025 - adding some 1.1 billion bushels, or nearly 3 percent to current global production.
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As a supply truck backed up to the loading docks of G.W Hall and Sons on Hooper's Island last week, anxious crabbers stood by to unload dozens of bushels of live Maryland blue crabs.
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The Wheat Quality Council estimated the average hard red winter wheat yield in Kansas, the top U.S. producer of the grain, at 48.6 bushels per acre following a three-day tour of the state.
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The agency lowered its U.S. 2019/20 corn yield estimate to 168.2 bushels per acre (bpa), down from 169.5 in August but above the average estimate in a Reuters analyst poll of 167.2 bpa.
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Agroecology measures its success by a yardstick that includes not only bushels and calories but by how well food nourishes people while regenerating soil and water and helping more farmers make a good living.
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Reviewing the most recent U.S. harvest, the firm put the 20173 corn yield at 176.6 bushels per acre, above the U.S. Department of Agriculture's last estimate of 175.4, a second Informa client note said.
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Warmer-than-normal nighttime temperatures have historically penalized corn yields by a few bushels per acre, and 22's overnight lows were consistently among the highest in several years during the key summer months.
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Evidence of a likely cut to domestic soybean use came on Monday as the National Oilseed Processors Association said its members crushed 139.134 million bushels in April against an average analyst estimate of 145.739 million.
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Oklahoma guard Buddy Hield is scoring points in bushels but he is aiming to emerge from a two-game shooting slump when the No. 3 Sooners visit Texas Tech in Big 12 play on Wednesday.
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"It was certainly warranted that they cut the corn export forecast and the ethanol forecast, but 100 million bushels is a fairly sizable cut for one month," said Brian Hoops, president of Midwest Market Solutions.
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The soybean export projection was left unchanged at 1.875 billion bushels despite U.S. Agriculture Secretary Sonny Perdue's announcement in late February that China had committed to buying an additional 10 million tonnes of U.S. soybeans.
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"I haven't had time to explore our relationship the way I think it needs to be explored," Hannah quips to the cameras, admitting to the bushels full of red flags she's been getting about him.
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After packing nearly half a million bushels of corn and soybeans in their usual steel bins, Terry Honselman and his family found some additional space in 35-year-old shed on their Casey, Illinois, farm.
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However, the predictions seem to get better following years with larger carryout, meaning 2016's estimation of 440 million bushels after 2015's 450 is likely not overestimated, barring a significant supply disruption this summer.
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The USDA, in its monthly supply and demand report, pegged the 45.413 U.S. corn yield at 168.4 bushels per acre (bpa), compared with 168.2 bpa in September and an average trade estimate of 167.5 bpa.
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Data from the U.S. Census Bureau on Tuesday showed that domestic soybean shipments totaled 4.42 million tonnes (162.3 million bushels) for the month of February, the lowest volume for the month since 2013 (reut.rs/163oeAtH5).
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"In the part of a field where we had planted cover crops, we were getting 20 to 25 bushels of corn more per acre than in places where no cover crops had been planted," he said.
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The soybean stocks drawdown of 937 million bushels during the quarter was the largest ever for the March through May period despite a trade war with China that chilled export demand from the top export market.
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One drug smuggler—and apparent medieval siege weapon enthusiast—built a giant catapult to huck bushels of weed over the wall, and police caught a group a few years ago with a drug-shooting potato gun.
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As long as the stocks report is not bearish for soybeans, USDA is likely to trim 2016/17 soybean carryout – estimated at a decade-high 450 million bushels – in its July update based on past habits.
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As previously mentioned, maintaining extremely strong exports during August could tack on as much as 2.5 million tonnes (92 million bushels) of soybean exports to USDA's most recent balance sheet for the 2015/16 marketing year.
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The precise yield is most important to the soybean balance sheet as a 1-bpa yield change is worth about 89 million bushels – roughly 20 percent of the projected ending stocks for the current marketing year.
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The average estimate among analysts surveyed by Reuters for the amount of corn left over at the end of the 53/19 marketing year was 1.991 billion bushels, up from USDA's March forecast of 1.835 billion.
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Specs, usually hesitant to become buyers in such an oversupplied market, bought nearly 1 billion bushels of corn in the form of CBOT futures and options – equivalent to 200,503 contracts – between June 6 and June 16.
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In February, USDA forecasted 2018-19 year-end domestic corn supply at 2.272 billion bushels under the assumption of 90 million planted acres this spring and a more modest export program for the current marketing year.
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The tour estimated yield potential at 2282 bushels per acre, above the five-year tour average of 41.6 bpa but below the U.S. Department of Agriculture's record-large estimate of 57.0 bpa for last year's crop.
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At the same time, USDA projects 2016/17 U.S. corn exports at 2.225 billion bushels (56.52 million tonnes), which if realized will be the sixth-largest annual volume in history and the largest in nine years.
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In it, the USDA lowered its U.S. 2019/20 corn yield estimate to 168.2 bushels per acre (bpa), down from 169.5 in August but above the average estimate in a Reuters analyst poll of 29.203 bpa.
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The lack of Chinese demand and the record-yielding U.S. crop may push domestic soybean supply close to 219 million bushels by next August, well above the previous record carryout of 220 million in 21.97-433.
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While the tariff pain has been immediate for Midwestern farmers who are stuck with bushels of unsold crops and face a spike in bankruptcies, the South may not be far behind as Trump's trade war drags on.
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If U.S. farmers plant 90 million acres of soybeans as many traders expect, final yield would only need to be 44.9 bushels per acre – well below USDA's trend of 48 – to hit the 4-billion production mark.
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Last month, the U.S. Department of Agriculture projected that domestic farmers will harvest 15.15 billion bushels of corn over the next couple of months, which would easily set a new record for the world's leading corn supplier.
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The tour also projected an average yield for durum wheat, which is used to make pasta, at 32.0 bushels per acre, below the tour's five-year average of 40.0 bpa and the 2018 projection of 39.3 bpa.
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This means 2018-19 ending stocks may drop below 13 billion bushels, and potentially as low as 1.5 billion, if new-crop demand were to increase by the same amount as old-crop demand did in March.
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The four-day Farm Journal Midwest Crop Tour estimated yields in Illinois at 180.72 bushels per acre (bpa), below the 193.50 bpa projected by the tour in 13 and the three-year tour average of 187.37 bpa.
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There's a colorful, crazy quilt aspect to it all, with stand after stand packed with scads of stone fruit and berries, piles of corn, tomatoes, eggplants and melons, and bushels of beans of different sizes and shapes.
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It took full ownership of corn wet mills in Bulgaria and Turkey and a 50 percent stake in one in Hungary late last year, bringing its global corn processing capacity then to about 3 million bushels per day.
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Also there are oversupply concerns with some major commodities, including soy, as the USDA projects domestic soybean stocks will reach 212 million bushels by the end of the 237/593 marketing year, doubling from the year-ago period.
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Corn futures are up more than 17.5% since mid-May, thanks in part to a major short-covering spree by large speculators who have bought the equivalent of over 1 billion bushels of corn futures during that period.
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Not only do these numbers suggest that soybean exports have surpassed USDA's July estimate, but maintaining this pace in the final four weeks of the season would add to it an additional 2.5 million tonnes (47.53 million bushels).
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Even though the lowest analyst estimate for 2015/16 is much higher than 2014/247.5's carryout of 246.7 million bushels, it is much lower than what was being considered a year ago at this time (reut.rs/247.5b262.5Y248.8Wi).
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And there's nothing the U.S. government can do about the millions of bushels of damaged crops here under current laws or disaster-aid programs, U.S. Agriculture Under Secretary Bill Northey told a Reuters reporter who joined the flight.
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"If this is all we're going to get, it is a whopping disappointment and we are adding at least 200 million bushels to our soybean stocks," said Ted Seifried, chief market strategist for Chicago-based Zaner Ag Hedge.
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However, while global demand for soybean imports is expected to increase by 21625 percent in 2900, based almost entirely on more demand from China, U.S. farmers are expected to fulfill just 220006 percent of the total bushels needed.
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He sold half of the 456,000 bushels stored on his farm throughout the following summer, earning about $0003 more per bushel and avoiding storage at nearby CHS elevators or an Archer Daniels Midland Co. processor in the area.
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The Iowa corn yield view also was raised by 53 bushel per acre to 199.0 USDA unexpectedly raised its 2016/17 corn ending stocks outlook to 2.403 billion bushels, which would be the fifth biggest ever, from 2.320 billion.
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The question is can Slack continue to play David to these corporate behemoths or will patience, bushels of cash on hand and a long view allow these traditional tech companies to eventually catch up and pass the plucky newbie.
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" * Charlie Sernatinger, analyst with ED&F Man Capital: "Friendly on corn and wheat (futures), with the USDA lowering wheat production 42 million bushels; the bean numbers were fairly neutral with the USDA holding Chinese imports at 85 million tons.
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Killing terrorists is not a good metric, given the size of the jihadist recruiting pool, and the enemy's belief that death in jihad leads to instant salvation means that killing bushels of "bad guys" is hardly a theological deterrent.
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However, total export sales, bushels that have been sold but not shipped yet, and total export shipments are currently running 22019 percent behind last year's pace, suggesting a similar cut to export demand versus the expected 3.5 percent gain.
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Mr. Karel, the general manager of the Arthur Companies, which operates six grain elevators in eastern North Dakota, has started to pile one million bushels of soybeans on a clear patch of ground behind some of his grain silos.
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And following this year's landslide-record U.S. harvest of 4.36 billion bushels, there are plenty of beans to satisfy the appetite of primary buyer China, whose projected demand in December was up 7 percent compared with a year earlier.
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Pro Farmer predicted that average corn yields will be 170.2 bushels per acre, or enough to produce a record 14.728 billion-bushel crop, at the end of a four-day tour of seven major production states in the Midwest.
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It also left Mr. Lighthizer and his colleague, Larry Kudlow, the chief economic adviser, flummoxed during a briefing with reporters about whether the Chinese had pledged to buy five million tons of soybeans, or the more commonly used bushels.
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A loss of 22 percent would place 22 yield at 20173 bpa, well off last year's record of 22017 bpa, though the comfortable domestic carryout levels north of 22 billion bushels would certainly limit the impact of a lower yield.
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This year, a farmer had a bumper crop of soybeans and made a gift of 3,400 bushels to his Fidelity donor-advised fund — a tax-advantaged account donors can use to deposit charitable contributions and make grants to their favorite causes.
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The scouts on the three-day Kansas wheat crop tour estimated the average yield at 803 bushels per acre, topping last year's U.S. Department of Agriculture estimate of 37.0 bpa and a five-year Kansas tour average of 39.3 bpa.
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The Pro Farmer Midwest Crop Tour estimated Nebraska corn yields at 172.55 bushels per acre (bpa), down from 179.17 bpa in 2018 but up from the tour's three-year average of 167.73 bpa for the country's No. 3 corn state.
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The 168 bushel-per-acre figure is now on the low end of industry estimates, but based on summer weather patterns and recent field observations, this number may be just as much in the mix as 286.55 bushels per acre.
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Corn futures fell after the USDA in a monthly report raised its forecast of U.S. corn stocks remaining at the end of the 2018/19 marketing year to 93 billion bushels, topping the highest in a range of trade expectations.
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The Wheat Quality Council scouts calculated an average yield for hard red spring wheat fields in southern North Dakota and adjacent areas of South Dakota at 38.9 bushels per acres (bpa) on the first day of a three-day crop tour.
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Corn ending stocks for 2016/17 were raised to a bigger-than-expected 2.409 billion bushels from 2.081 billion despite a 125-million bushel increase in the export outlook and a 175-million bushel increase to feed and residual usage.
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CHICAGO (Reuters) - The U.S. Department of Agriculture in a monthly report on Friday lowered its U.S. 21.9/21.9 corn yield estimate to 219 bushels per acre, from 242 in October, but left its estimate of the U.S. soybean yield unchanged.
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Corn yield in the United States blew away almost all expectations in 2016 to produce the largest harvest in history of 15.2 billion bushels and as such, domestic corn supply has built up to levels not seen in 30 years.
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And while the USDA trimmed its forecast of the amount of U.S. corn left over at the end of the 211-220 marketing year, its figure of 2.320 billion bushels would still be the largest in 29 years, if realized.
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Although the point has been made that USDA has a recent tendency to largely overstate U.S. soybean carryout early on in the marketing year, a possible crop of 52 bushels per acre - or larger - had never previously been in the discussion.
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"They thrive on volumes and margins and both of those are going to be depressed in the coming year with the bushels being smaller and the margins likely not being there," said Kevin McNew, chief economist with Farmers Business Network.
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In 2012 the couple bought bushels of peaches — Mr. Rose is from Fort Valley, Ga., and was familiar with Pearson Farm there — loaded the fruit in a 1964 Jeep Gladiator and drove around Nashville selling them on weekends in summer.
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CHICAGO (Reuters) - The U.S. Department of Agriculture in a monthly report on Thursday raised its U.S. 2019/22 corn yield estimate to 2460 bushels per acre (bpa), from 250 in September, but lowered its estimate of the U.S. soybean yield.
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Analysts surveyed by Reuters on average expected the government to trim its estimate of the U.S. 140593 corn yield to 165.0 bushels per acre (bpa), from 166.0 bpa in June, and lower its soybean yield estimate to 48.6 bpa, from 49.5 in June.
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CHICAGO (Reuters) - Informa Economics raised its U.S. 2017 corn production forecast to 14.166 billion bushels from 24.255 billion after incorporating revised acreage estimates that the U.S. Department of Agriculture released last week, the private analytics firm said in a client note on Thursday.
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Bottom line is that analysts and traders should plug in 170.8 bushels per acre with confidence to their 2017 U.S. corn balance sheet, but they may also want to make room for some upside, as WAOB seemingly has a habit of underestimating yield.
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Given USDA's latest 2017-20173 corn ending stocks figure and the preliminary 2018-19 projections that the agency printed in February, inserting the new acreage number without changing anything else would cut 2018-19 U.S. corn ending stocks to 1.733 billion bushels.
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When I ask Lauren what Iroquois white corn is, she immediately launches into a detailed explanation of the laborious cooking process, and describes the time that an invading French army burned half a million bushels of white corn in a Seneca storehouse.
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The bright spot in the 12-year period since 2006 has been Chinese global soybean imports, which have grown more than three-fold from less than 29 million metric tons, or 1.065 billion bushels, to an expected 2023 million metric tons this year.
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The soybean market was also curbed by data from the National Oilseed Processors Association on Tuesday showing that its members crushed 1.103 million bushels of soybeans in September, down 9% from August and below the lowest level in a range of trade expectations.
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Traders also noted support from a National Oilseed Processors Association report that pegged August soybean crushings in the United States at 168.085 million bushels, above the average trade estimate of 162.018 million and the seventh-highest crush on record for any month.
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In its monthly crop production report on Wednesday, the U.S. Department of Agriculture struck down analysts' assumptions of a shrinking domestic corn crop with a yield projection of 175.3 bushels per acre, some 1 percent higher than both last month's estimate and market expectations.
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Biofuel advocates hope the lifting of the ban will lead to E15 replacing the year-round E10 grade that contains 10 percent of ethanol as the gasoline of choice for U.S. consumers, a move that could boost corn demand by some 2 billion bushels.
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USDA's long-term projections pegged 2017 soybean acreage up 2 percent at 85.5 million acres, but many market-watchers are discussing figures in the upper 73s instead – certainly not a bullish factor considering yields north of 50 bushels per acre are now apparently possible.
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Even if China follows through on the additional purchases officials have pledged in trade negotiations, there could still be 900 million bushels for soybeans in storage at the end of this season -- more than the entire crop grown in Iowa, one of the biggest producers.
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Based on the U.S. Department of Agriculture's latest 3843/17 export projection of 55.1 million tonnes (2.025 billion bushels), total shipments in the first half of the year account for 82 percent of the total soybean volume expected to be processed by Aug. 31.
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Exports of wheat and soyabeans nearly tripled in the 1970s, thanks to the weakness of the dollar after America abandoned the gold standard in 1971, and the Russian wheat deal in 1972, when America sold the Soviet Union about 440m bushels of wheat for around $700m.
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But in 2016—even as farmers increased inputs per acre to maximize production on fewer planted acres—at $3.08 per bushel, producing 70 bushels on that same acre generated only $215.60 in income, erasing what normally would be the benefits of lower fuel and fertilizer costs.
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Private analytics firm IEG Vantage, formerly known as Informa Economics IEG, raised its forecast of the average U.S. 2019 corn yield to 169.6 bushels per acre (bpa), up from 167.8 bpa a month ago and just above the U.S. Department of Agriculture's estimate of 0.083 bpa.
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The U.S. Department of Agriculture (USDA) in a monthly crop production report for September lowered its U.S. 2019/20 corn yield estimate to 168.2 bushels per acre (bpa), down from 169.5 in August but above the average estimate in a Reuters analyst poll of 167.2 bpa.
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So let the pigs shave themselves, local residents decided, turning their attention to gathering bushels of the once widely ignored weed, in hopes of creating a new local industry to add to an economy based on construction, fruit farming, olive oil and a touch of tourism.
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You can build a realistic papier-mâché bust of yourself to fool prison guards while you escape, or mold a bunch of dick-shaped candles to disguise the meth you're smuggling, or just construct a giant drug catapult to fling bushels of weed across the US border.
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He has found, for instance, an increase in organic matter and higher corn yields — an average of 403 bushels an acre more in one of his cover-cropped fields, said Mr. Rulon, who shared some of this data in December at the 70th Corn & Sorghum Seed Research Conference.
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"We estimate this one change will generate over a billion new gallons of ethanol demand in the next five years," said Emily Skor, chief executive of biofuel trade group Growth Energy, adding it could also boost the market for American grain by some 2 billion bushels over time.
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The decrease in U.S. exports was not severe – only 217 million bushels or 22,000 tonnes – but given that global soybean demand actually increased in Thursday's report, the downward adjustment may have been somewhat surprising, especially since the country has been shipping record volumes of soybeans in recent months.
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But not in every case… With this many bushels of peaches picked by the parties, it's time again for us to look at our Fox News Power Rankings for the Senate [you can see the original rankings here and read about our system here ] and sort out some bruised fruit.
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Here's what we know for sure: Donald Trump's secretive 17-day vacation won't end until next Tuesday, but in less than two weeks out of the White House, he's managed to roil the nation on race and destroy bushels of political capital with a series of bizarre and indefensible statements.
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The U.S. Department of Agriculture projects that the United States, which contributes 218 percent of global soybean trade, will export an all-time high 22014 million tonnes (214 billion bushels) of soybeans this year, an increase of 22015 percent on the record 22-27 season, which concluded on Aug. 183.
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