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Corn, soybean markets climb after 2021 USDA planting intentions report

corn planting

• By Ryan McGeeney • As world markets slowly unfurl from the global knot of the COVID-19 pandemic, futures markets for both soybean and corn responded in a powerfully positive manner March 31 to the U.S. Department of Agriculture’s annual Prospective Plantings Report. The report, conducted by the USDA’s National Agricultural Statistics Service, reflects producers’ intended acreage for crops across ... Read More »

Economic Outlook: 2021 Corn Market Forecast

texas corn harvest

At the University of Georgia’s Ag Forecast, Extension economist Amanda Smith offered the peanut, corn and soybean update. The following is what she says about the corn market. “The United States planted 90.8 million acres in 2020 and is projected to have harvested 82.5 million acres, which is slightly more than what was planted and harvested in 2019. The U.S. ... Read More »

Outlook For U.S. Agricultural Trade

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According to the U. S. Department of Agriculture Economic Research Service and Foreign Agricultural Service in their November trade report, U.S. agricultural exports in Fiscal Year 2021 are projected at $152 billion, driven by higher soybean and corn export values. The projection for soybean exports is a record $26.3 billion due to higher unit values, strong demand from China and ... Read More »

Market Situation

mark welch TAMU

Texas A&M AgriLife Associate Professor and Extension Economist Mark Welch offers the following market information in his newsletter “Feed Grain Outlook.”U.S. corn exports face increasing competition from foreign producers. Corn producers in the Black Sea region of Ukraine and Russia have completed the 2019-2020 harvest on the same basic crop calendar as the United States. Harvest of first crop corn ... Read More »

Price Above PLC Trigger

corn

In his “Feed Grain Outlook” marketing newsletter, Mark Welch, Texas A&M AgriLife Extension economist, says U.S. corn production decreased by 118 million bushels, according to the November World Agricultural Supply and Demand Estimates. The national average corn yield declined from 168.4 bushels per acre to 167 bushels, 3% below trend. Harvested acreage was unchanged. That number would have been more ... Read More »

Market Factors

Arkansas corn harvest

What are the key factors for the corn market in late 2019? Mark Welch, Texas A&M Ag Extension Economist, offers a few points in his Market Grain Outlook. Grain Use A good week of corn export sales was reported for mid-September at 58 million bushels. This is well above the 34-million bushel pace needed to reach the 2.05-billion bushel target ... Read More »

2020 corn, soybean futures offer attractive marketing opportunities

grain storage

Corn and soybean producers may want to consider locking in futures contracts for at least a portion of their 2020 crops now, even though they are still months away from planting, said Todd Davis, agricultural economist with the University of Kentucky College of Agriculture, Food and Environment. December 2020 corn futures were trading at $4.07 a bushel on Oct. 25. ... Read More »

USDA Releases County-By-County MFP Payment Information

usda logo

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

nafta flags

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 »