World production of wheat, corn and soybeans are all forecast to rise in the 2024/25 crop year, according to the first estimates from the International Grains Council for the upcoming growing season, released March 14.
Tag Archives corn production
IGC sees world crop production rising in 2024/25
Corn comes with challenges in Western Canada
It all starts with sufficiently warm soils, says one corn specialist
Successful corn crops in Western Canada begin with getting the soil as warm as possible prior to seeding. That’s according to Wilt Billing, corn and soybean line manager with Nutrien Ag Solutions, speaking at this summers’ Ag in Motion Discovery Plus virtual farm show. Billing told viewers that warmer spring soils would enable the crop
CBOT weekly outlook: What happens with corn, will happen to soybeans
MarketsFarm — Although there were no major changes to soybeans in June’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture, the commodity’s price shot up on the Chicago Board of Trade. USDA on Tuesday issued its monthly WASDE report, in which estimated U.S. corn production was lowered by nine per
USDA sees smaller soy crop in 2019, more corn
MarketsFarm — U.S. farmers will grow more corn and fewer soybeans in 2019, according to the first production estimates of the year from the U.S. Department of Agriculture. Ending stocks of both crops are expected to remain large. U.S. soybean production for 2019-20 was forecast at 4.15 billion bushels by the government agency, which would
CBOT weekly outlook: Higher prices don’t jibe with corn, soy production
CNS Canada — Trade is starting to slow down for the holiday season at the Chicago Board of Trade, which has corn and soybean traders looking at the larger picture. Scott Capinegro, a broker with Barrington Commodities at Barrington, Ill., believes prices for corn and soybeans are currently too high. “(The world) continues to plant,
CBOT weekly outlook: Big U.S. corn yields surprise market
CNS Canada — An unexpected upward revision to this year’s U.S. corn yields sent prices dropping Wednesday, and more losses are likely, according to market analysts. The U.S. Department of Agriculture, in a report released Wednesday, pegged average corn yields at 181.3 bushels per acre — up by about three bushels per acre from the
AMIS adjusts world grain production outlooks
CNS Canada –– Global supply-demand outlooks, released by the market monitoring agency of an alliance of 11 international organizations, point to lower corn production for 2018-19. The Agricultural Market Information System (AMIS) Market Monitor report for July said the record corn harvest in 2017-18 will slip by more than four per cent in 2018-19. That’s
U.S. grains: Wheat drops most since August after USDA acreage surprise
Chicago | Reuters — Chicago wheat futures tumbled nearly three per cent on Friday, notching their biggest daily decline since August, after the U.S. Department of Agriculture showed larger-than-expected U.S. winter wheat plantings. Corn futures fell to life-of-contract lows, while soybeans turned higher in a recovery from four-month lows in the wake of the midday
USDA raises corn harvest view
Washington | Reuters — The U.S. Agriculture Department on Friday boosted its estimate of domestic corn production due to a record yield that stemmed from bumper harvests in major growing states such as Illinois as well as some of the smaller production areas. USDA also trimmed its view of soybean production, although the 2017 crop
Drowning in grains once again
How Big Ag sowed seeds of a profit-slashing glut
On Canada’s fertile Prairies, dominated by the yellows and golds of canola and wheat, summers are too short to grow corn on a major scale. But Monsanto is working to develop what it hopes will be North America’s fastest-maturing corn, allowing farmers to grow more in Western Canada and other inhospitable climates, such as Ukraine. The seed
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