Home / News / Business news / Massive USDA reports coming Thursday

Massive USDA reports coming Thursday

Jeff Caldwell 03/26/2013 @ 11:04am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Thursday's a big day for the U.S. corn and soybean business. Major USDA reports -- namely Prospective Plantings -- will help crystallize this year's corn and soybean crop sizes. But, the way Mother Nature's acting now, there could be a lot of wiggle room between Thursday and planting time.

"Intentions for corn and soybean plantings equal to or slightly larger than those of last year would not be a surprise. Given that planting of those crops in the Corn Belt will be later than last year's planting, there is more opportunity for actual plantings to deviate from intentions this year," says University of Illinois Extension ag economist Darrel Good. "Weather conditions, planting progress, and price relationships will be monitored closely to judge potential changes."


"More and more people are wondering if corn stocks will be smaller than previously thought. This topic of discussion has been 'trending' since the supply/demand report on March 8th, where the feed/residual use for corn was increased," say Agriculture.com Market Analysts Ron and Sue Mortensen. "A change in feed use before a stocks report is unusual."

CancelPost Comment
MORE FROM JEFF CALDWELL more +

3 Things to Watch This Morning, Friday… By: 02/27/2015 @ 6:49am Soybeans have a lot of upside for Friday's trade.There's a lot of uncertainty as to how…

FCC Approves Net Neutrality; Will Rural… By: 02/26/2015 @ 1:22pm Most of rural America doesn't have the broadband Internet access their city neighbors have…

3 Things to Watch This Morning, Thursday… By: 02/26/2015 @ 6:28am Keep an eye on soybean basis today. Earlier this week, analysts said cash corn basis levels were…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Top Talk: Conservation Payments, Land Rents &Brazil Truck Strike
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]