Welch on Grain: Nearly 5M Acres of Corn Unplanted
Market Situation Crop Progress. U.S. corn plantings reached 95% on June 9th, a number not updated in Monday’s report. Based on the Prospective Plantings report in March, that left 4.9
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Welch on Grain: Corn Condition Declines
Market Situation Crop Progress. The U.S. corn crop condition index (1 point for very poor, 2 points for poor, 3 points for fair, 4 points for good, and 5 points
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Welch on Grain: USDA Ups Old-Crop Usage, New-Crop Supplies
Market Situation WASDE. USDA made upward revisions to old crop corn use and new crop corn supplies in today’s World Agricultural Supply and Demand Estimates. Ending stocks in the 2012/2013
View ArticleWelch on Grain: Corn Crop Estimated at 14B Bushels
Market Situation Crop Production and WASDE. USDA will release its 2013 U.S. crop production and world agricultural supply and demand estimates on Friday. Ahead of those reports, traders are leaning
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Welch on Grain: Ethanol Production Continues Ahead of Pace
Market Situation Feed Use. The Cattle on Feed Report released by USDA last Friday showed on feed numbers in lots of 1,000 head capacity or more down 6% compared to
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Welch on Grain: 95M Bushel Reduction in Corn Stocks
Market Situation World Agricultural Supply and Demand Estimates. Ending stocks estimates for corn and soybeans came in below trade expectations in the WASDE report today. Corn had the biggest surprise
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USDA Grain Outlook: Corn Export Prospects Increase
Projected U.S. corn exports are raised 125 million bushels to 1,725 million due to the strong pace of export sales and shipments. Corn ending stocks are reduced by the same
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Welch on Grain: Modest Increase in Planted Corn Acres
Market Situation Crop Progress. Monday’s Crop Progress report from USDA showed only a modest increase in corn planted from the week before. USDA estimates that 6% of the U.S. corn
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Welch on Grain: No Changes to Corn, Sorghum Balance Sheets
Market Situation WASDE. USDA made no changes to the U.S. corn or sorghum supply and demand balance sheets in today’s World Agricultural Supply and Demand Estimates. Ending stocks of corn
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Feed Outlook: U.S. Supplies Raised on Strength of Corn, Sorghum Stocks
U.S. feed grain supplies for 2014/15 are increased 2.2 million metric tons this month. The gain is based, in large part, on expanded corn and sorghum stocks estimates following the
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Feed Grain Outlook: Sorghum Exports to China Surge as Stocks Tighten
U.S. sorghum exports for the 2014/15 marketing year are projected to reach record-high volumes and are boosted by 50 million bushels this month to 350 million. The export forecast is
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Welch on Grain: Corn Condition Continues Above Average
Market Situation Crop Progress. The U.S. corn crop condition index continues to run above average. The crop score increased from 373 to 375 this week as 2% of the crop
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Welch on Grain: Corn Harvest Reaches 18%
Market Situation Crop Progress. The U.S. corn crop condition index held steady again this week, all category ratings unchanged for the fifth week in a row. The index stands at
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Welch on Grain: Corn Production Raised, Demand Cut
Market Situation WASDE. The yield estimate for the 2015 U.S. corn crop was raised 1.3 bushels in today’s World Agricultural Supply and Demand Estimates. With harvested acres unchanged, this revision
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Outlook for U.S. Sorghum Market, World Coarse Grain Market
When the USDA released its November 10th Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports, grain sorghum cash bids at first moved sharply lower, but have since
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Welch on Grain: Corn Acreage Expected to Increase, But How Much?
Market Situation Acres. USDA will release its Planting Intentions report at the end of the month. At the Outlook Forum at the end of February, USDA put 2016 corn acres
View ArticleUSDA Grain Outlook: Corn Export Prospects Increase
Projected U.S. corn exports are raised 125 million bushels to 1,725 million due to the strong pace of export sales and shipments. Corn ending stocks are reduced by the same
View ArticleWelch on Grain: Modest Increase in Planted Corn Acres
Market Situation Crop Progress. Monday’s Crop Progress report from USDA showed only a modest increase in corn planted from the week before. USDA estimates that 6% of the U.S. corn
View ArticleWelch on Grain: No Changes to Corn, Sorghum Balance Sheets
Market Situation WASDE. USDA made no changes to the U.S. corn or sorghum supply and demand balance sheets in today’s World Agricultural Supply and Demand Estimates. Ending stocks of corn
View ArticleFeed Outlook: U.S. Supplies Raised on Strength of Corn, Sorghum Stocks
U.S. feed grain supplies for 2014/15 are increased 2.2 million metric tons this month. The gain is based, in large part, on expanded corn and sorghum stocks estimates following the
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