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Tag Archives: markets

USDA expects to begin 2nd round of MFP payments before Thanksgiving

ship, bay bridge

The U.S. Department of Agriculture is expected to begin making the second round of 2019 Market Facilitation Program payments the week before Thanksgiving to help farmers suffering from trade retaliations by foreign nations. Producers of MFP-eligible commodities will be eligible to receive 25% of the total payment expected in addition to the 50% they already have received from the 2019 ... 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 »

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 »

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 »