What might have been a bit of a price hike for corn this marketing year seems to have been squashed by the larger than expected production forecast. Gary Crawford and Seth Meyer.
Seth Meyer, USDA Outlook Board Chairman, saying USDA’s forecast for a record national average corn yield was made despite the fact that yields in some major corn states did not set records.
The markets got some surprises from Thursday’s round of USDA crop production reports. USDA’s corn yield and production forecast surprised some people. Corn futures tumbled Thursday afternoon after release of USDA’s first survey based forecasts.
USDA Issues New Wheat Yield and Production Forecasts, cutting yield estimates for Durum and other spring wheat.
USDA Raises Forecast for U.S. Cotton Production. The U.S. cotton crop could be the biggest one in eleven years. Gary Crawford and USDA Chief Economist Rob Johansson.
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