This week’s bullish WASDE report surprised farmers and shook markets.
They have now stabilized, but corn growers are still worried about the impact of such a large crop at harvest.
The acting Chief of USDA’s NASS crops branch says that these are the highest numbers in a decade.
According to Anthony Prillaman, “Now looking at the planted and harvested corn numbers graphically across the past ten years, you can see that this year’s planted total is the highest across this time series, and in fact, this is the second-highest planted area on record since 1936, only behind the amount planted in 2012. You can see how this year’s forecasted yield of 188.8 bushels compares to the previous years in trend. Now, as you can see, this is the third consecutive year of higher yields, and this year’s forecasted yield is above trend.”
Leading the way in production are the I states: Idaho, Illinois, Indiana, and Iowa. High yields are also expected in Minnesota, Missouri, and South Carolina.
National Corn Growers First VP Matt Frostic joins us to discuss their 62nd annual yield contest, the new short-season corn pilot class, and what farmers can expect as the season gets underway.
HTS Commodities broker Lewis Williamson joins us to break down the latest USDA Crop Progress Report and how weather and global supply chain issues could influence planting conditions moving forward.
Seasonal pricing strength is lining up with crop stress, giving wheat producers another weather-driven marketing window. Shaun Haney joins us to discuss concerns from ag bankers on farm profitability.
In an exclusive interview with RFD News correspondent Frank McCaffrey, Congressman Henry Cuellar (D-TX) expresses frustration with delays and increasing political divisions surrounding the bill.
March brought better prices for several commodities, but rising fuel and feed costs kept margins under pressure.
Corn and cotton gave the strongest signals this week, while soybean demand remained softer than in the previous report.
