The planted area for U.S. corn in 2024 was determined to be 91.5 million acres, greater than the March USDA estimate of 90.04 million as well as the trade’s average guess of 90.35 million. However, the figure was nowhere close to last year’s acreage total of 94.64 million. After the release of the report, corn prices at the Chicago Board of Trade (CBOT) reacted bearishly with contracts losing more than 20 U.S. cents per bushel.
Tag Archives wheat acres
U.S. corn acres, grain stocks higher than expected
Spring wheat futures find support, soybeans/corn rangebound
After hitting their softest levels in three years, the Minneapolis spring wheat market uncovered some support on April 3, although all the spring-seeded U.S. crops could hold rangebound through the planting season.
U.S. corn, soybean, wheat yields to rise in 2024/25
More soybean acres; corn and wheat area to drop
Yields for United States soybeans, corn and wheat were projected to increase in 2024/25, according to the Department of Agriculture at its 100th annual Outlook Forum on Feb. 15. Also, the USDA said there’s to be more soybean acres but less for corn and wheat for the coming crop year.
Australia achieves average wheat, barley harvests
Total exports down, but percentage going to China increased
Australian wheat and barley came away with average crops for 2023/24, as the threat of dryness caused by an El Niño posed a major challenge, according to the United Stated Department of Agriculture attaché in the country’s capital of Canberra.
Only minor acreage shifts expected for most Canadian crops in 2024
Major pulse crop acres expected to rise; canola, wheat expected to dip slightly
Early planting estimates from Agriculture and Agri-Food Canada called for only minor adjustments to most major crops grown in the country in 2024, with reductions in wheat, canola and barley acres, and increases in oats and pulses.
U.S. grains: Soy firm after USDA data, focus turns to China talks
Chicago | Reuters — U.S. soybean futures ended firm on Friday as late-session short-covering lifted prices from lows notched after the U.S. Department of Agriculture (USDA) projected record large U.S. soy stocks amid a still-unresolved trade dispute with top importer China. Corn eased after USDA released a flood of data Friday, some of it delayed […] Read more
Manitoba winter wheat yields down
CNS Canada — As the winter wheat harvest finishes up in Manitoba, initial reports are that yields are lower than in years past. “It was a disadvantage with the winter and with the weather conditions this summer it’s been pretty dry… so between the two, it’s kind of reduced yields,” said Doug Martin, chairman of […] Read more
U.S. spring wheat, durum expected to surge
CNS Canada — Data released today from the U.S. National Agricultural Statistics Service showed large expected increases in spring wheat and durum production this year. Spring wheat production in the country, not including durum, is forecast at 614 million bushels, up 48 per cent from 2017. Of that, 584 million bushels, or 95 per cent […] Read more
StatsCan: Canola area narrows, wheat sowings expand
Reuters — Canadian farmers seeded less canola and more wheat compared with last year, but they shifted their plans from earlier this spring to sow more land with canola. Canola plantings reached 22.7 million acres, shy of last year’s 23 million, but exceeding the average trade guess of 22.4 million acres. In spring, Statscan estimated […] Read more
U.S. wheat stocks bigger than expected, trade watching weather
CNS Canada — A larger-than-expected wheat ending stocks forecast from the U.S. Department of Agriculture weighed on the country’s wheat futures Thursday, with attention now squarely on weather conditions. The government agency pegged wheat carryout for the upcoming 2018-19 marketing year at 955 million bushels, about 30 million above average trade guesses. Total wheat production […] Read more
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