Home / News / Crops news / Grain demand looks healthy after Friday's USDA reports

Grain demand looks healthy after Friday's USDA reports

Jeff Caldwell 09/10/2010 @ 1:55pm Multimedia Editor for Agriculture.com and Successful Farming magazine.

Generally neutral corn and soybean yield projections took the steam out of Friday's USDA Crop Production report and sent the focus straight to forthcoming yield results and crop demand factors in the U.S. and abroad.

Friday's Crop Production report pegged total U.S. corn production at 13.160 billion bushels with an average yield of 162.5 bushels per acre. Soybean production's seen at 3.483 billion bushels overall, with a yield of 44.7 bushels per acre. The corn yield number's just below what the trade was expecting, while the bean yield is just under a bushel higher than traders anticipated.

So, where's the trade go from here? Analysts said Friday a key thing to watch -- beyond this fall's corn and soybean yields -- is demand, specifically from 2 places: Overseas and domestic livestock feed usage. The former could be a fundamentally bullish force in the coming months, while the latter will remain a big demand driver only if prices don't head too high too soon.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Planting Weather Window Flying Open After… By: 04/24/2015 @ 12:42pm The weekend looks to be a wet, cool one in much of the Corn Belt, but by the beginning of next…

The [A] List: 3 Big Things This Morning… By: 04/24/2015 @ 6:29am Conflicting market factors weighing on the grains this morning.In the corn trade, the bird flu…

Tech Company Offers 'Diary For Future… By: 04/23/2015 @ 2:27pm Have you ever searched for a home on the Internet? The collection of data on vacant real estate…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Disc openers
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]