USDA Weekly Exports: Wheat Sales Hit Marketing Year Low
- U.S. wheat sales declined sharply reaching a marketing year low and have declined nine out of the last 10 weeks.
- Corn sales and export levels declined, but reported levels are well above those seen in 2013 and 2012.
- Soybean sales increased slightly and have been on the rebound following the marketing year low reported for the week ending March 20th.
WASDE: Exports Lower Corn And Soybean Stocks
- Ending stocks decreased.
- Exports increased.
- Planting season ahead.
USDA Weekly Exports: Corn Exports Continue To Increase
- Corn exports increased to the second highest level of the 2013/2014 marketing year.
- Soybeans exports continued to decline consistent with the trend seen over the past month.
- The quarterly grain stocks report released Monday showed domestic stocks of soybean and wheat down in comparison to 2013, while corn stocks were reportedly up 30%.
- The USDA Prospective Planting report was also released Monday. The report showed a large shift to soybean planted acres, a move that had been speculated by most analysts.
Revamped Subsidies For Grain Farmers Emphasize Crop Insurance
- Agricultural subsidies are a fiercely argued topic, especially when the farm bill is in the news.
- For the vast majority of U.S. farmers who grow corn, soybeans, and wheat, farm subsidies provide little to no income assistance.
- The Organization for Economic Co-operation and Development (OECD) estimated in 2013 that farm subsidies make up 7.1% of income for American farmers, this in contrast to the EU 19%, Russia.
- For an industry that is susceptible to many different and unpredictable variables, the need for affordable insurance is important.
- The average age of a farmer has risen to 58.3 years old with a third of farmers being older than 65.
Increased Soybean Acreage At Corn's Expense
- Favorable profit margins for soybeans have farmers increasing soybean planted acreage in 2014 by five million acres.
- Estimated corn planted acreage was the lowest since 2010.
- In the past two months, corn prices have made a comeback due to domestic ethanol demand, global feed demand, and tensions in Eastern Europe.
USDA Weekly Exports: Corn Exports Spike Reaching Highest Level Of 2014
- Corn exports reach highest level in 2014.
- Soybean sales and exports decline, with reported stocks 50 million below the 2013 level.
- Prospective planting estimates suggest less of a shift to soybeans than earlier suggested.
USDA Weekly Exports: Week-To-Week Sales And Exports Decrease
- Sales and exports declined week over week for corn, soybeans, and wheat.
- Corn and wheat exports remained above their 10-week average.
- Soybean exports fell below 1 million bushels for the first time since early October.
WASDE: Grain Exports Less Than Expected
- Chinese demand growing for soybeans as U.S. stocks at 16-day supply.
- Corn ending stocks 25 million bushels lower.
- U.S. wheat balance sheets unchanged.
USDA Weekly Exports: Sales Volumes Continue To Increase
- Corn and soybean sales continue their upward trend, significantly outpacing their 10-week averages.
- Exports for wheat and corn also rose from last week.
- Soybean exports continue to slowly decline from marketing year highs seen in late 2013 early 2014.
Ukrainian Unrest And Russian Aggression Result In Unpredictable Grain Market
- Ukraine’s importance in the global grain market has grown as the country has become one of the world’s largest exporters of corn and wheat.
- Beginning Friday, on the news that Russian troops had entered Ukraine, corn prices in the US have gone up $0.17 or 3.5%.
- In the short term, grain prices will continue to feed off of the uncertainty around one of the largest exporters of grain in the world.
- Grains Rally In Cold Weather
- USDA Weekly Exports: Net Corn And Soybean Sales Rebound From Last Week
- Extreme Cold And Falling Crop Prices Blamed For February Slowdown
- USDA Weekly Exports: Difficult Market Conditions Hamper Sales And Exports
- Confidence In Farmland Values Remains Strong
- Farmland Values Reach New Heights Despite Adversity
- USDA Weekly Exports: Corn And Wheat Sales Remain Strong
- Farm Income Expected To Outpace Prior 10-Year Average
- WASDE: Rising Exports Decrease Corn Supplies
- USDA Weekly Exports: Corn Sales Well Above 10-Week Average
- Corn Prices Rise In January; Planting Delay On Horizon
- USDA Weekly Exports: Corn Sales Spike
- Rural Economic Growth Slows In January
- Farmland Values Steady Despite Decreased Crop Prices
- Rural Economy Grows At Steady Pace
- WASDE: Ending Stocks Dwindle On Higher Demand
- Farmers To Harvest Record Profits In 2013
- Despite Headwinds, Farmland Prices On The Rise
- Farmland Values Increase 14% Year Over Year
- WASDE: Yields Increase Due To Favorable Weather
- Excess Moisture Delaying Harvest
- Crop Progress: Despite Delays In Harvest, Corn Conditions Improving