Latest News From USDA Reports

USDA's January reports were negative for row crops with higher corn and soybean yields and production. Jim McCormick with AgMarket.Net is hopeful the markets have the most bearish news now factored into prices.

March corn hit a new contract low of $4.41 on Friday. Will corn see more pressure trying to price in extra bushels? March soybeans also hit a low of $12.06. Will $12 support hold without a drop in Brazil production?

Friday will be one of the busiest report days of the year for the grain markets with several major reports. What’s likely to move the market? 

USDA raised yield, production and ending stocks for both corn and soybeans in the November WASDE leading to a bearish reaction in the markets.

The October WASDE was slightly bullish for soybeans and corn, bearish for wheat. However, the markets rallied after the WASDE led by soybeans.

The USDA reports were bullish for corn with lower-than-expected quarterly stocks, but bearish for soybeans.  Wheat numbers were also bearish with higher-than-expected production. 

The September WASDE was a disappointment for the bulls, especially on corn. 

The trade is expected lower yields in the September WASDE after the continuation of hot and dry weather in the last month.

USDA’s dance continues after the agency makes cuts to yields, production and ending stocks in the August reports.

Following the bearish report on Wednesday, grain markets closed higher for the week, which, according to Jerry Gulke, signals the market might believe there is more downside to yield.

After the June report, traders prepared for a “new” trading environment with “burdensome” corn supplies and “pipeline” soybean supplies. Then came the anticlimactic July report.

The July WASDE report was bearish for grains.  The biggest disappointment for the bulls was USDA's ending stocks figure for soybeans.

The biggest surprises included a 4-bu. reduction in corn yield and soybean ending stocks came in at 300 million bushels, which is 100 million bushels higher than trade estimates.

Historically, USDA makes very few changes this early in the season, with the most recent exception occurring in 2012.

USDA's June Acreage and Quarterly Stocks reports resulted in a bullish surprise for soybeans and bearish news for corn. In an already volatile grain market, the supply situation is problematic.

USDA's June 30 Acreage report is generally a big market mover, but early trade estimates show little change from March, while quarterly stocks estimates indicate tighter supplies than 2022.

The June WASDE confirmed grain poor demand and growing U.S. supplies.

A bearish reset of the corn and soybean markets is underway as they transition from tight drought-stricken old crop supplies to record production levels in 2023-24.

The May WASDE will provide the first new crop estimates of the growing season and this could be a volatile report with the transition from tight old crop stocks to much larger supplies of corn and soybeans. 

Markets await USDA data dump, Eurozone consumer prices continue to rise and H&P numbers firm just slightly...

Brian Splitt, AgMarket.Net, says: USDA cut export demand for corn, ethanol and soybeans. That’s going to be the theme — a lower crop but also demand.

Ahead of the report, analysts expected a drop in corn yield, but not soybean yield — and the market responded quickly, says Bill Biedermann, AgMarket.Net co-founder.

All eyes are on the corn supply and demand numbers in USDA's September WASDE report but there will be plenty of other information to focus on.

The new Organic Transition Initiative is aimed at helping to build new and better markets as well as streams of income for farmers and producers.

Soybean acres are estimated at 88.3 million, up 1% from last year. This is down from March’s estimate of 90.955 million and below the pre-report trade average of 90.446 million.

Produce truck rates are up 70% or more compared with a year ago, and industry sources don’t think relief is coming anytime soon.

USDA adjusted corn ending stocks lower in its April WASDE report, based on increased exports and ethanol, but Alan Brugler of Brugler Marketing says now it’s just a matter of if the record commitments can ship.

“U.S. Farm Report” Host Tyne Morgan will join USDA’s Seth Meyer to discuss 2021 crop and acreage expectations.

WASDE for February raised exports and lowered ending stocks for both corn and soybeans.

An exclusive interview with the NASS Chief of Crops about Farm Bureau's recommendations to improve transparency and accuracy of NASS reporting.

With just eight days left in EPA Administrator Andrew Wheeler’s term, RFA president and CEO Geoff Cooper weighs in on worst-case scenarios and his optimism about the new administration.

USDA’S final crop production report of the year made some historic adjustments, including tighter soybean stocks. As a result, soybeans shot 60 cents higher in a matter of minutes, and corn traded up the limit.

Watch analysis of Tuesday's USDA reports with AgriTalk's Chip Flory, USDA Chief Economist Seth Meyer and others.

This month’s 2020/21 U.S. corn outlook is for lower production, reduced corn used for ethanol, smaller feed and residual use and exports, and decreased ending stocks.

Final 2020 crop numbers from USDA put the overall corn crop at 14.2 billion bushels and soybeans at 4.14 billion bushels, both below trade expectations.

WASDE projects record corn exports and a smaller crop.

USDA estimated that U.S. growers will plant 97 million acres of corn this spring, an 8% increase over 2019, but analysts say recent sharp declines in ethanol production make it doubtful that number will hold true.

USDA reports stocks of corn, soybeans and wheat have fallen.

USDA Grain Stocks Report

USDA announced another flash sale of soybeans to China on Tuesday. This time it is 260,000 metric tons.

USDA’s end-of-March Prospective Plantings report always brings a few surprises. This year will likely be the same.

As corn and soybean prices continue to trade in a narrow range, it’s easy to ignore the markets—don’t!

Trade uncertainty, large yields and excessive stocks create extra risk as farmers market their 2018 and 2019 crops.

In their Friday report, USDA noted that as of September 1 corn stocks were up 130 million bushels more than the average trade guess.

In their Friday report, USDA noted that as of September 1 corn stocks were up 130 million bushels more than the average trade guess.

With markets in a pivotal paradigm, farmers and traders alike are waiting in anticipation for USDA’s Quarterly Grain Stocks report to see if it can provide any bullish news.

With markets in a pivotal paradigm, farmers and traders alike are waiting in anticipation for USDA’s Quarterly Grain Stocks report to see if it can provide any bullish news.

Despite a soybean carryover number lower than market expectations in today’s World Agricultural Supply and Demand Estimate (WASDE) from USDA, market reaction was muted with beans only up a quarter cent on the day.

Pro Farmer Newsletter editor Brian Grete puts the USDA April WASDE report into perspective.

Soybeans are the top pick heading into the report. Two market analysts share their thoughts.