Corn, soybeans fall as weather allows more US plantings

Corn Weather Woes May Be Passed on to U.S. Livestock FarmersMore

Corn Weather Woes May Be Passed on to U.S. Livestock FarmersMore

In a report Tuesday, the U.S. Department of Agriculture said domestic corn yields would be the lowest since 2013 as relentless rain keeps planting progress at the slowest pace on record.

Traders are now focused on the midday Tuesday USDA supply and demand report.

"The USDA ripped the Band-Aid off by lowering yield by 10 bushels (per acre) and then also lowering acreage", said Ted Seifried, chief agriculture market strategist for Zaner Group in Chicago. US corn production for 2019/20 is forecast to decline 1.4 billion bushels to 13.7 billion, which if realized would be the lowest since 2015/16, according to the June report. "They are not going to be willing to pay up both for feeder pigs and feeder calves" because the cost grains will be an even bigger problem, he said by phone.

Argentina corn production is raised on increased area with higher prices. Corn planting is normally finished by this time of year.

Читайте также: Israeli troops, Palestinian security in rare shootout

The USDA outlook contributed to the drop in hog futures, after prices surged on Monday, according to Craig VanDyke, risk management consultant at Top Third Ag Marketing. As a result, USA corn production for 2019-20 was forecast to decline to 13.7 billion, the smallest harvest since 2015-16. The season-average farm price is raised 50 cents to $3.80 per bushel.

Soybeans: This month's US soybean supply and use projections for 2019-20 included higher beginning and ending stocks due to a decline in exports to China.

Although adverse weather has significantly slowed USA soybean planting progress this year, area and production forecasts are unchanged in the USDA report. July soybeans were up 0.75 cent, or 0.09 percent to 8.5925 dollars per bushel.

It is anticipated that the acreage could fall again when the acres planted report is released at the end of the month, he said.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2019 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Recommended News

  • Trump gets harpooned for ‘Prince of Whales’ spelling error

    Trump gets harpooned for ‘Prince of Whales’ spelling error

    Though Trump quickly deleted the tweet, the internet responded even faster with a flurry of memes and *extremely good* jokes. Charles met Trump last week for tea in London as part of the USA president's state visit to Britain.
    25 officers injured by rock-throwing protesters after fatal Memphis police shooting

    25 officers injured by rock-throwing protesters after fatal Memphis police shooting

    The TBI said the investigation remains active and ongoing and it will share its findings with the district attorney general. Memphis police officers were called in to help with crowd control as word of the shooting spread on social media.
    Spice Girls Animated Movie is in the Works at Paramount

    Spice Girls Animated Movie is in the Works at Paramount

    The yet-unnamed Spice Girls film is due to be released in 2020, 13 years after the girls' first move, Spice World was released. The Spice Girls founded in 1994 and found global success with songs including Wannabe, Who Do U Think You Are? and 2 Become 1.
  • Extremely Good Netflix Series 'Russian Doll' Is Copping An Unlikely Season 2

    Extremely Good Netflix Series 'Russian Doll' Is Copping An Unlikely Season 2

    On Wednesday, the show confirmed on its Twitter account that Netflix had renewed it for a second season. The new season will have eight episodes.
    Pelicans hire ex-WNBA star Swin Cash

    Pelicans hire ex-WNBA star Swin Cash

    Benson, David Griffin and the Pelicans organization for the opportunity to serve in a leadership role in the front office". Cash, 39, also won two national championship playing for Geno Auriemma at the University of CT and won three WNBA titles.
    Former Colts, Rams and Browns CB Eric Patterson Shot Dead in Florida

    Former Colts, Rams and Browns CB Eric Patterson Shot Dead in Florida

    Tampa police officers arrived first and began lifesaving measures, but Patterson later died at a local hospital. He signed with the Cleveland Browns in spring of 2016, but didn't make the team in the fall.
  • Trump claims his polling is the 'best' despite internal polls showing otherwise

    Trump claims his polling is the 'best' despite internal polls showing otherwise

    Trump said his internal poll numbers were "unbelievable" and that he was "the strongest I've ever been". Today, Trump characterised the New York Times story as "fake news" during his Oval Office meeting.
    Lawyer: Cuba Gooding Jr. will turn self in on groping charge

    Lawyer: Cuba Gooding Jr. will turn self in on groping charge

    Gooding won the Academy Award for best supporting actor in 1997 for his portrayal of an athlete in the film " Jerry Maguire ". It also features a mini-golf course and brief views of the Empire State Building and other landmarks.
    Samsung rolls out Night Mode for Galaxy S9 series

    Samsung rolls out Night Mode for Galaxy S9 series

    South Korean tech giant Samsung has refreshed its mid-ranged M series with a new smartphone M40 priced at Rs 19,990 in India. The A50 additionally includes a sizable 4,000mAh battery with fast-charging capabilities, NFC and a 3.5mm headphone jack.
  • Visa is aiming to make B2B payments simple

    Visa is aiming to make B2B payments simple

    However, ultimately the company opted for Hyperledger Fabric , the open source distributed ledger developed by Linux Foundation . This modern way of carrying out cross-border B2B payments will create a substantial added value for our corporate clients.
    RJ Barrett's wish is to be drafted by Knicks

    RJ Barrett's wish is to be drafted by Knicks

    Former Duke Shooting Guard RJ Barrett has his eyes set on New York City as he pursues his National Basketball Association dream. It feels great just growing up coming here every summer. " This is the place I want to be ", he added.
    French Open Tennis 2019

    French Open Tennis 2019

    Her serve is strong and effective and she leads the first serve charts at this year's tournament. "They go hand-in-hand. Barty also acknowledged former Australian tennis champion Evonne Goolagong Cawley for inspiring her to succeed.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.