USFR Weekly Recap – August 2-3, 2014, 2014

TODAY ON U.S. FARM REPORT

JANUARY 13-14, 2018

HEADLINES

WELCOME TO U.S. FARM REPORT THIS WEEKEND. I’M  TYNE MORGAN, AND HERE’S WHAT’S IN STORE OVER  THE NEXT 60 MINUTES.  THE PRESIDENT BRINGING THE AMERICAN FARM  BUREAU CROWD TO THEIR FEET THIS WEEK..  <ON NAFTA, I AM WORKING VERY HARD TO GET A BETTER DEAL FOR OUR COUNTRY AND FOR OUR FARMERS AND FOR OUR MANUFACTUREERS.> BUT NOW MORE CONFUSION AS CONCERNS HEIGHTEN  OVER THE POSSIBILITY THE  PRESIDENT WITH ACTUALLY  WITHDRAW FROM THE DEAL.  UNCERTAINTY OVER TRADE EXITST, WHILE REALITY FOR  FARMERS TODAY IS A BLEAK FINANCIAL FORECAST. <WE’RE IN OUR FOURTH YEAR OF DOWNWARD ADJUSTMENT. > HOW LONG COULD THE DOWNTURN LAST? THAT’S OUR  FARM JOURNAL REPORT.  AND IN JOHN’S WORLD… <IT’S PLANNING SEASON.><U.S. FARM REPORT – BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING, CHEVY SILVERADO.>

USDA JANUARY REPORTS

NOW FOR THE NEWS, THE U-S DEPARTMENT OF  AGRICULTURE’S CROP REPORTS MAKING WAVES THIS CROP SEASON, WITH ANTICIPATION HIGH FOR ANOTHER  BIG MARKET MOVER WITH THE JANUARY REPORT JUST  RELEASED FRIDAY. BUT INITITALLY AFTER THE REPORT HIT, THERE WEREN’T ANY BIG MARKET MOVES EXPECT FOR WHEAT, WHICH FELL A DIME. BUT LOOKING AT USDA’S ANNUAL CROP PRODUCTION NUMBERS, USDA RAISED CORN YIELD OF AGAIN, WITH THE NATIONAL AVERAGE CORN YIELD  AT A RECORD 176 POINT 6 BUSHELS PER ACRE. THAT’S MORE THAN A BUSHEL ABOVE THE LAST REPORT. USDA DID TRIM THE NATIONAL SOYBEAN YIELD, TO 49 POINT 1 BUSHELS PER ACRE. LOOKING AT OVERALL PRODUCTION, WITH THE BUMP IN YIELD, USDA PEGS TOTAL PRODUCTION AT 14 POINT 6 BILLION BUSHELS. 

USDA TAKING A SMALL BITE OUT OF SOYBEAN PRODUCTION, NOW AT 4 POINT 39 BILLION BUSHELS. IT’S BEEN A DISAPOINTING START FOR U-S SOYBEAN EXPORTS, AND IT SHOWED UP IN USDA’S LATEST ENDING STOCKS. USDA PEGS SOYBEAN ENDING STOCKS TO REACH 470 MILLION BUSHELS. THAT’S UP FROM DECEMBER’S ESTATIMATE OF 445 MILLION, BUT IT WAS SLIGHTLY LOWER THAN THE AVERAGE TRADE GUESS. AND WINTER WHEAT SEEDINGS EXPECTED…

Read the full article from the source…

Leave a Reply

Your email address will not be published. Required fields are marked *