USDA Crop Progress Reports
According to USDA experts, Brazil and Argentina’s large drop in corn production has more to do with the economics of corn markets than impacts from weather.
Farmers have put their spring planting progress on hold after severe storms ravaged some parts of the Midwest.
Drought conditions persist in 16 of the 18 top-growing corn states as this year’s planting season gets underway. Seven states had corn in the ground as of March 2024.
With the wheat harvest around the corner, the agricultural world is abuzz with anticipation and speculation.
Despite the looming specter of weather extremes and a myriad of other tough challenges, like rising input costs, projections indicate a significant decline in crop insurance prices compared to previous years for key U.S. commodities.
The Outlook Board Chairman Mark Jekanowski says they will be focused on production prospects for competing crops in South America and the market situation for last season’s crops.
Looking ahead, the USDA’s National Crop Progress and Condition Reports are set to resume weekly distribution in April. Here’s a look at where winter wheat crops stand now at the beginning of 2024.
The USDA’s latest crop forecast for corn and soybean production will impact U.S. producers as well as make an impact on global trade.