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USDA Releases County-By-County MFP Payment Information

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The U.S. Department of Agriculture has released a county Market Facilitation Program payment schedule for growers with commodities that have been affected by foreign retaliatory tariffs. The assistance covers specialty crops, non-specialty crops, dairy and hogs. The rates range from $15 to $150 per acre, depending on the impact the tariffs have had on that particular county. They are the ... Read More »

ERS Report Explores Free Trade’s Impact on U.S.-Mexico Trade

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A new report from the U.S. Department of Agriculture’s Economic Research Service explores how the U.S. and Mexican corn sectors have changed since the transition to free-trade under the North American Free Trade Agreement and the extent to which the sectors could change further in the coming decade. Mexico is the largest foreign market for U.S. corn in terms of ... Read More »

Corn, Sorghum Prices Rally On Crop Uncertainty

texas corn harvest

Corn and sorghum prices have rallied in response to weather-related problems in the Corn Belt, but their future remains uncertain, according to a Texas A&M AgriLife Extension Service expert. Dr. Mark Welch, AgriLife Extension grain economist, College Station, said Texas corn and sorghum growers are reporting better-than-average growing conditions amid higher prices. There is ongoing speculation U.S. corn acres have ... Read More »

Auburn Ag Economists Discuss Floods, U.S. Corn Crop

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Henry Kinnucan and Brittney Goodrich, agricultural economists in Auburn University’s College of Agriculture, comment on the heavy rain and floods affecting U.S. corn farmers, especially in the Midwest, who face delayed planting. Consumers also face rising grocery and ethanol prices as a result of the delayed planting. ■ Do farmers have any alternatives other than delayed planting? In the short ... Read More »

Corn Stocks Less Than Expected

grain storage

Mark Welch, Texas A&M AgriLife Extension economist, College Station, says the U.S. Department of Agriculture’s recently released report shows national corn supplies carried over from 2018 were lower than expected. The U.S. typically carries 15-20 percent of the national crop into the next growing season. The report estimated the U.S. corn stock was at 12 percent, Welch says. “The carryover ... Read More »

Market Factors

Arkansas corn harvest

As planning for planting 2019 begins in earnest, Mark Welch, Texas A&M Ag Extension economist, offers the following Market Grain Outlook report. Grain Stocks The most recent crop progress report showed no changes to the condition ratings of the U.S. corn crop. The good and excellent categories combine for 69 percent of the crop as the season winds down. The ... Read More »

What’s Moving The Market?

grain storage

Global carryover has reached the lowest estimated days-of-use on hand at 69.4 since 2013’s carryover of a 67.2-day supply, says Mark Welch, Texas A&M agricultural Extension economist, in his most recent Market Grain Outlook. His report on corn and other grain markets continues as follows: Read More »

Market Factors

In his most recent Market Grain Outlook, Mark Welch, Texas A&M agricultural Extension economist, says The Office of the Chief Economist at USDA estimates that for corn, the projection is for planted acres of 91.0 million next year, up from 90.4 in 2017. Welch went on to say the following: The yield estimate is 173.5 bushels per acre. This would ... Read More »

Need Strong Usage, Export Markets

Amanda Huber, Editor

This was another year of record crop production in corn. But as usual, a big crop means that producers can expect lower prices the next year. That is the message from ag economists across the country, including Clemson agricultural economists Nathan Smith and Scott Mickey. At the recent 2018 Ag Outlook Conference, Smith said, “Prices have dropped because of a ... Read More »

Market Factors

Market Overview: Corn stocks at 2.29 billion bushels Farm-stored stocks up 25 percent from a year earlier Off-farm stocks up 36 percent from a year ago China announces plan to blend 10 percent ethanol into fuel supply As corn harvest winds down, Mark Welch, Texas A&M Ag Extension economist offered this October Market Grain Outlook report. Grain Stocks The Grain ... Read More »