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Shining Light on Farm & Food Policy for 20 Years.
Monday, March 18, 2024
The Department of Agriculture’s annual Crop Production report surprised traders with increases to the 2023 corn and soybean yield, pulling prices for both commodities lower in what could be the start of a longer trend.
The Agriculture Department on Thursday raised its yield estimates for corn and soybeans and predicted stronger production for both commodities in its November crop report.
The Department of Agriculture says the investments in the Partnerships for Climate-Smart Commodities program will pay off in the form of data on a broad range of conservation practices.
It’s looking like Brazil will export more corn than the U.S. in the current and next marketing year, according to USDA forecasts, but sustainability, environmental and economic issues may soon pose problems for the South American ag powerhouse, according to an analysis released Wednesday by the National Corn Growers Association.
A new Agriculture Department report projects the nation’s corn producers will still be able to top 15 billion bushels of nationwide production even as stretches of the heartland face dry weather that will lower yields.
Weakening corn and soybean demand revealed in Friday’s USDA’s World Agricultural Supply and Demand Estimates could keep a lid on grain and oilseed prices.