Home / News / Crops news / Wrapping up Wednesday's USDA reports

Wrapping up Wednesday's USDA reports

Jeff Caldwell 10/12/2011 @ 3:51pm Multimedia Editor for Agriculture.com and Successful Farming magazine.

Wednesday ended up being a lower day on the CME Group trading floor after USDA released what originally appeard to be bullish crop production figures. Though the trade didn't move up Wednesday, analysts say higher prices may not be far off, especially once harvest has wrapped up in corn and soybean country.

See all the coverage from Wednesday's reports, from the trading floor as well as folks who are responsible for reporting crop production in the field.

Soybean questions

There have been a lot of reports this fall of higher-than-expected soybean yields coming out of the field. So, when USDA-NASS actually trimmed its bean yield estimate slightly to 41.5 bushels/acre in Wednesday's Crop Production report, it was something of a surprise.

3 regions seen affecting markets

Now that USDA's spoken, analysts and traders say the new trading range for corn is $5.50 to $7.00; which end of that price range, however, depends on a few factors moving ahead, both at home and abroad.

USDA numbers friendly

The U.S. corn and soybean crops are both slightly smaller than earlier expected, according to Wednesday's monthly USDA Crop Production report.

Feed demand & livestock margins

The livestock sector's benefited from the recent slide in grain prices. But, with lower estimated grain stocks and higher cattle and hog prices, will the "livestock producer's dream" last?


CancelPost Comment
MORE FROM JEFF CALDWELL more +

Cutting Postharvest Grain Losses in Brazil a… By: 08/29/2014 @ 10:06am There's growing talk in parts of the central U.S. that once the combines start to roll this…

Drought Continues to Hammer California;… By: 08/28/2014 @ 10:27am John Steinbeck and Sonora Babb painted vivid pictures of the Dust Bowl in their novels The Grapes…

Another Rough Winter? Farmers' Almanac… By: 08/27/2014 @ 7:30am Not again! A year ago, the Farmers' Almanac, which has been around for almost two centuries…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Holiday Profit Taking Pressures Markets