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Balanced Reporting. Trusted Insights.
Friday, January 28, 2022
A flurry of Department of Agriculture reports Wednesday showed bin-busting production of corn, sorghum, soybeans and cotton took place in 2021, largely matching what traders were expecting to see.
Department of Agriculture officials increased soybean and corn yields which helped push ending stocks projections higher in Tuesday's World Agriculture Supply and Demand Estimates report.
American farmers are going to be producing more corn and soybeans than expected this year, which will mean lower expected prices for the crops, according to a new USDA forecast that boosted the department’s predictions for yields in both crops.
Agriculture Department officials left corn, soybeans, and wheat projections mostly unchanged in Tuesday’s World Agricultural Supply and Demand Estimates report.
U.S. corn and soybean ending stocks are getting tighter as the Department of Agriculture increased exports in Tuesday’s World Agricultural Supply and Demand Estimates report.
The Agriculture Department lowered its estimate of already tight ending stocks for soybeans as USDA increased its estimate of how much of the 2020 crop would be crushed.
A pair of reports from Department of Agriculture economists project a drop in American grain and oilseed production and overseas stocks on hand, prolonging a bump in commodity prices.
A new report from the Department of Agriculture reduced the expected corn and soybean production this year, a move that also boosted the government’s expectations for commodity prices.
