NAFTA Crop Protection BLOG

Informal released their August crop production forecasts this morning. In an unusual move they offered two different projections, one apparently seeking to estimate USDA's Aug estimate and the other projecting what they believe will be the FINAL US production totals. Their August projections: Corn= 157.1 bpa Soybeans= 41.6 bpa Their ...

The corn data is a complete shocker. To offer perspective, the acreage figure is roughly 4 mil higher than many believed would be possible. This represents 600 mil bushels! This is more than half of pre-report expectations of new-crop carryout! Without a weather problem, traders will be seeking to redefine "big picture" downside ...

*At 7:30 USDA released the following Acreage and Stocks data: Quarterly Stocks: Corn= 4.266, vs estimates of 4.19 bil avg, range= 4.064-4.321, 2008= 4.028 Soybeans= 597 mil, vs estimates of 566 mil avg, range= 559-620, 2008= 676 Wheat= 667 mil, vs estimates of 670 mil avg, range= 640-687, 2008= 306 Acreage: Corn= 87.035 mil vs estimates of 84.158 ...

Sunday Night Grain Outlook By Duane Lowry Sunday, April 19, 2009 OPENING CALL: Corn= 1-2 lower,     Wheat= steady-easier,     Soybeans= 3-5 lower. Weather finds a general theme from private forecasters that will lead to favorable/timely spring planting opportunities during the next two weeks. The NWS 6-14 ...

Sunday Night Grain Outlook By Duane Lowry Sunday, March 29, 2009 OPENING CALL: Corn= 1-2 higher,     Wheat= steady-better,     Soybeans= steady. Weather offers a wet theme for the US Midwest during the 6-15 day period. The US Plains also has a wet forecast theme for the period. Expect traders to begin ...

Highlights of this morning's data: US Wheat Carryout up 57 mil from last month. Global Wheat Carryout up 5.9 mmt. *Wheat will be called lower. US Corn Carryout down 50 mil. Interesting that corn use for ethanol was raised by 100 mil. Some will ponder if this is an indication of a change in blend rates. *Corn will be called higher, but price ...

*Expectations for Monday’s USDA Reports> Quarterly Stocks: Corn= 9.845 bil avg, range= 9.699-9.998, year ago= 10.278 Soybeans= 2.181 avg, range= 1.973-2.238, year ago= 2.332 Wheat= 1.365 avg, range= 1.321-1.410, year ago= 1.132 Final 2007 Production: Corn= 11.982 avg, (153.3 bpa), range= 11.880-12.078, Nov= 12.02 (153.8) Soybeans= 2.910 ...

*USDA released their latest projections at 7:30 this morning: Production> Corn= 12.020, (153.8 bpa) vs estimates of 12.066 bil avg, 154.3 bpa, range= 11.947-12.355, last USDA= 12.033 Soybeans= 2.921, (39.3 bpa) vs 2.916 avg, 39.2 bpa, range= 2.879-2.987, last USDA= 2.938 Ending Stocks: Corn= 1.124 Soybeans= 205 Wheat= 603 World Corn= 110.1 ...

USDA revised the 2008 US corn crop to 12.033, down from the October projection of 12.200 bil. USDA revised the US soybean crop to 2.938, down from 2.983 bil. US soybean yield was unchanged. US corn yield was lowered from 154.0 to 153.9 bpa. US corn ending stocks revised to 1.088, down from 1.154 bil. US soybean ending stocks revised to 205 mil, ...

DJ USDA Says It Will Issue A 'Corrected' October Crop Report Tue     WASHINGTON (Dow Jones)--The U.S. Department of Agriculture released a statement Monday saying it will publish a "corrected" version of the October Crop Production Report - originally published Oct. 10 - on Tuesday morning.     A separate ...