WASHINGTON, June 9, 2017 – USDA left its production estimates for major crops unchanged or little changed today in advance of a June 30 report on planted acreage.
The corn harvest was projected at 14.065 billion bushels in today’s World Agriculture Supply and Demand Estimates, the same figure as in the May WASDE. That would be down from last year’s record production of 15.148 billion bushels, but still a bin-busting crop. Estimates for planted acreage (90 million), area harvested (82.4 million) and yield (170.7 bushels per acre) were all left unchanged.
Estimated soybean production also held steady, at 4.255 billion bushels. In addition, planted acreage was left unchanged, at a record 89.5 million acres, as the oilseed threatens to overtake corn as the country’s most widely sown crop. Corn is the biggest U.S. crop, followed by soybeans.
Some other highlights from today’s report:
--All wheat production was raised slightly, by 3.8 million bushels, to 1.824 billion bushels, with all wheat use categories unchanged. Global supplies for the 2017-2018 crop year were raised 2.8 million metric tons, primarily on higher forecast production for Russia, which is up 2.0 million tons, to 69 million.
--Estimated rice output was left unchanged from May at 201 million hundredweight. All-rice planted area was also left unchanged at 2.61 million acres, “despite weather-related uncertainties in the mid-South and California during planting this spring,” USDA said.
--Beet sugar production for FY 2016-2017 is forecast at 4.988 million short tons, raw value (STRV), up 56,000 tons from May “based on additional sugarbeets expected to be processed in August and September from the 2017-2018 crop. Expected imports from Mexico are reduced by 526,396 STRV from last month to 1.774 million.
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Crop estimates steady in advance of planted acreage report
WASHINGTON, June 9, 2017 – USDA left its production estimates for major crops unchanged or little changed today in advance of a June 30 report on planted acreage.
The corn harvest was projected at 14.065 billion bushels in today’s World Agriculture Supply and Demand Estimates, the same figure as in the May WASDE. That would be down from last year’s record production of 15.148 billion bushels, but still a bin-busting crop. Estimates for planted acreage (90 million), area harvested (82.4 million) and yield (170.7 bushels per acre) were all left unchanged.
Estimated soybean production also held steady, at 4.255 billion bushels. In addition, planted acreage was left unchanged, at a record 89.5 million acres, as the oilseed threatens to overtake corn as the country’s most widely sown crop. Corn is the biggest U.S. crop, followed by soybeans.
Some other highlights from today’s report:
--All wheat production was raised slightly, by 3.8 million bushels, to 1.824 billion bushels, with all wheat use categories unchanged. Global supplies for the 2017-2018 crop year were raised 2.8 million metric tons, primarily on higher forecast production for Russia, which is up 2.0 million tons, to 69 million.
--Estimated rice output was left unchanged from May at 201 million hundredweight. All-rice planted area was also left unchanged at 2.61 million acres, “despite weather-related uncertainties in the mid-South and California during planting this spring,” USDA said.
--Beet sugar production for FY 2016-2017 is forecast at 4.988 million short tons, raw value (STRV), up 56,000 tons from May “based on additional sugarbeets expected to be processed in August and September from the 2017-2018 crop. Expected imports from Mexico are reduced by 526,396 STRV from last month to 1.774 million.
#30
WASHINGTON, June 9, 2017 – USDA left its production estimates for major crops unchanged or little changed today in advance of a June 30 report on planted acreage.
The corn harvest was projected at 14.065 billion bushels in today’s World Agriculture Supply and Demand Estimates, the same figure as in the May WASDE. That would be down from last year’s record production of 15.148 billion bushels, but still a bin-busting crop. Estimates for planted acreage (90 million), area harvested (82.4 million) and yield (170.7 bushels per acre) were all left unchanged.
Estimated soybean production also held steady, at 4.255 billion bushels. In addition, planted acreage was left unchanged, at a record 89.5 million acres, as the oilseed threatens to overtake corn as the country’s most widely sown crop. Corn is the biggest U.S. crop, followed by soybeans.
Some other highlights from today’s report:
--All wheat production was raised slightly, by 3.8 million bushels, to 1.824 billion bushels, with all wheat use categories unchanged. Global supplies for the 2017-2018 crop year were raised 2.8 million metric tons, primarily on higher forecast production for Russia, which is up 2.0 million tons, to 69 million.
--Estimated rice output was left unchanged from May at 201 million hundredweight. All-rice planted area was also left unchanged at 2.61 million acres, “despite weather-related uncertainties in the mid-South and California during planting this spring,” USDA said.
--Beet sugar production for FY 2016-2017 is forecast at 4.988 million short tons, raw value (STRV), up 56,000 tons from May “based on additional sugarbeets expected to be processed in August and September from the 2017-2018 crop. Expected imports from Mexico are reduced by 526,396 STRV from last month to 1.774 million.
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