USFR Weekly Recap – September 6-7, 2014, 2014, 2014

TODAY ON U.S. FARM REPORT

AUGUST 12-13, 2017

HEADLINES

WELCOME TO U.S. FARM REPORT. I’M TYNE MORGAN,  AND HERE’S WHAT WE’RE WORKING ON FOR YOU THE  NEXT 60 MINUTES… USDA SENDING NEGATIVE SHOCK WAVES THROUGH THE  MARKET, WITH YIELDS AND PRODUCTION HITTING  LEVELS HIGHER THAN THE TRADE EXPECTED <THE HEADLINERS OBVIOUSLY WHERE THE CORN AND  SOYBEANS ESTIMATES.> DAYS AWAY FROM LUNGING INTO LUCRATIVE TRADE  TAKS WITH CANADA AND MEXICO. CLINTON GRIFFITHS  REPORTING FROM THE SOUTH SIDE OF HTE BORDER.  WASHINGTON ALSO WATCHING THE NEXT FARM BILL… <“I THINK PEOPLE ARE BEING REALISTIC AND REALIZE WE DON’T HAVE A  LOT OF MONEY TO DO WHAT NEEDS TO BE DONE > OUR FARM JOURNAL REPORT IS STRAIGHT FROM THE  FARM BILL FIELD HEARING AND IN JOHN’S WORLD… “THE DICAMBA PROBLEM, IT’S REAL.”  <U.S. FARM REPORT – BROUGHT TO YOU BY THE DEPENDABLE, LONG  LASTING, CHEVY SILVERADO.>

WASDE

NOW FOR THE NEWS THAT MOVED THE MARKETS THIS  WEEK, USDA SHOCKING THE TRADE ON THURSDAY,  REVEALING HIGHER THAN EXPECTED YIELDS IN THE  LATEST CROP PRODUCTION REPORT AND A RECORD  SOYBEAN CROP. THE AFTERMATH WAS RED PLASTERED  ACROSS THE CME THURSDAY.  TRADE EXPECTING A CORN YIELD IN THE MID 160’S, BUT  THAT’S NOT WHAT USDA THINKS AT THIS POINT,  POSTING A 169 PINT 5 BUSHEL PER ACRE YIELD. IF USDA  IS RIGHT, THAT’S THE THIRD HIGHEST YIELD EVER. CORN PRODUCTION PROJECTED DOWN 7 PERCENT  FROM LAST YEAR, BUT STILL ABOVE 14 BILLION  BUSHELS.  USDA DID DROP YIELD IN BOTH IOWA AND ILLINOIS..  IOWA YIELD PROJECTION ARE 15 BUSHELS PER ACRE  BELOW LAST YEAR … ILLINOIS DOWN 9. AND DESPITE  DECLINING CROP CONDITIONS, INDIANA IS UNCHANGED.  BUT THE SOUTH LOOKS TO BE THE GARDEN SPOT WITH  9 STATES SEEING DOUBLE DIGIT GAINS.. THE MOST  IMPRESSIVE ALABAMA UP 45 BUSHEL PER ACRE OVER  LAST YEAR. LOUISIANA UP 27.  USDA ALSO SURPRISING HTE MARKET BY BOOSTING  THE SOYBEAN YIELD FROM ITS LAST REPORT, NOW AT  49.4 BUSHELS PER ACRE. PRODUCTION PROJECTED TO  HIT 4 POINT 38 BILLION…

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