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Honored Advisor

USDA report

So........why aren't we limit down?   Smiley Wink

 

As Curly in the movie City Slickers would say.  "The day ain't over yet."

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13 Replies
Advisor

Re: USDA report

Guess they want everybody to get all the CCP that's their due.

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Advisor

Re: USDA report

The killer would have been if the bean yield hadn't been offset on the carry in side.

 

They avoided that.

 

There will be people arguing ear weight and the idea that we've seen the biggest corn number we're going to see.

 

Could be. I doubt that we've seen the biggest bean number, though.

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Veteran Contributor

Re: USDA report

USDA corn numbers for Ohio, up 10 bpa?..........SO WRONG !

 

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Honored Advisor

Re: USDA report

Agreed......

 

163 for an Ohio average?   I will sell my entire corn crop for that average today.

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Frequent Contributor

Re: USDA report

My question is what is this report doing to futures in Brazil and Argentina?  Cash prices for immediate delivery may be good in SA, but is the offer price for new crop beans (March 2017) or safrina corn (July 2017) going to encourage much expansion?  Because if these yield projections hold, its going to be tough for anyone to compete with the US in the corn and soybean export market.

 

A lot of small old bins around here that could be rented and filled.  Buyers might be surprised at how tough it will be to source physical corn and soybeans after the contracts have been filled at harvest.

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Honored Advisor

Re: USDA report

Will be easy...too many loans to be repaid, let alone living expenses
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Honored Advisor

Re: USDA report

No shock here ---- we knew they were going to try to offset the export numbers of the last two weeks.

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Senior Advisor

Re: USDA report

Crop's not in the bin yet, everything is conjecture, or perhaps "educated guess", until then.

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Senior Advisor

Re: USDA report

Alerts History • 12-Aug-2016 02:18:20 PM - FARMERS ENROLLED 90.365 MLN ACRES CORN, IN U.S. CROP SUBSIDY PROGRAMS INCLUDING FAILED ACRES FOR 2016 AS OF AUG. 1 - USDA • 12-Aug-2016 02:18:20 PM - FARMERS ENROLLED 81.368 MLN ACRES SOYBEANS, IN U.S. CROP SUBSIDY PROGRAMS INCLUDING FAILED ACRES FOR 2016 AS OF AUG. 1 - USDA • 12-Aug-2016 02:18:20 PM - FARMERS ENROLLED 47.502 MLN ACRES WHEAT, IN U.S. CROP SUBSIDY PROGRAMS INCLUDING FAILED ACRES FOR 2016 AS OF AUG. 1 - USDA • 12-Aug-2016 02:18:21 PM - U.S. FARMERS REPORT PREVENTED PLANTINGS OF 1.039 MLN ACRES CORN FOR 2016 AS OF AUG. 1 - USDA • 12-Aug-2016 02:18:21 PM - U.S. FARMERS REPORT PREVENTED PLANTINGS OF 0.237 MLN ACRES SOYBEANS FOR 2016 AS OF AUG. 1 - USDA • 12-Aug-2016 02:18:21 PM - U.S. FARMERS REPORT PREVENTED PLANTINGS OF 1.780 MLN ACRES WHEAT FOR 2016 AS OF AUG. 1 - USDA USDA updates farmer-reported U.S crop planting totals for August - Reuters News 12-Aug-2016 02:18:21 PM WASHINGTON, Aug 12 (Reuters) - Farmers who participated in U.S. crop subsidy programs reported "prevented plantings" for Aug. 1, 2016 of 1.039 million acres of corn, 0.237 million acres of soybeans, 1.780 million acres of wheat, the Department of Agriculture said on Friday. Producers enrolled in subsidy programs for Aug. 1, 2016 reported planted acreage, including failed acres, at 90.365 million of corn, 81.368 million of soybeans and 47.502 million of wheat. Producers who enroll in several Farm Services Agency programs must submit to USDA an annual report regarding all cropland use on their farms. USDA uses the information as an element in its crop estimates, which cover all farms, not just those who participate in the farm program. Following are comparisons of farmer-reported plantings in Aug 2016 and Aug 2015, based on a survey of farms: U.S. corn and soybean plantings Prevented planting (thousands of acres) Crop Aug 2016 Aug 2015 Corn 1,039 2,301 Soybeans 237 2,173 Wheat 1,780 693 Rice 91 507 Barley 14 28 Sorghum 27 157 Cotton-Upland 111 553 U.S. corn and soybean plantings Plantings (thousands of acres) Crop Aug 2016 Aug 2015 Corn 90,365 83,147 Soybeans 81,368 79,478 Wheat 47,502 51,731 Rice 3,087 2,513 Barley 2,927 3,247 Sorghum 6,048 7,610 Cotton-Upland 9,680 8,211
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