The July estimates of the U.S. Department of Agriculture (WASDE) on agriculture and global supply and demand led to an unexpected drop in whole grain production this year. The U.S. Department of Agriculture expects whole wheat production to fall by 4.9 bushels this year, to a national average of 45.8 bushels per acre. As a result, total whole wheat production is estimated to be 152 million bushels less than the June forecast. According to the U.S. Department of Agriculture and NASS, the biggest wheat problem is related to durum wheat and other summer wheat grades, as producers in the northern plains have been hit by drought. The USDA forecast shows that durum wheat production has fallen by 46% since 2020. The output of spring wheat fell by 41% year-on-year.Ben Brown, an economist at the University of Missouri, said: "I think the biggest story today is about wheat compounds." People are confused. We have so many different wheat classifications, but even the United States accounts for only about 6.5% of the world's wheat production. Brown said that although wheat is often overlooked, the US Department of Agriculture's July report has reduced yields. So big that they have expanded into the corn market. "Overall, the overall performance of winter wheat is very good," Brown added, and its profitability has increased by 6% this year.However, the deterioration of summer wheat and durum wheat crops that we have seen in the Pacific Northwest and the Upper Plains severely obscures this. Today traders expect the total price of wheat to fall by 51 million bushels from the report. Last month, it finally reached 152 million bushels. Therefore, due to the economic recession, it was 100 million bushels higher than expected. This is great. I think this also applies to the corn market. Learn more about the severe wheat situation here. Corn beard tilt report The US Department of Agriculture is not optimistic about corn. Although the stock of old corn was reduced by 25 million bushels due to the increase in feed and waste usage, the corn production of the new crop is expected to increase by 175 million bushels, and the area planted and harvested will increase. "Looking at this report, I won't say that this is a completely bearish day for corn, but for the corn market, it is definitely a bearish and bearish report," Brown said. Add to."However, due to the wheat complex, the rapid deterioration in quality and the increase in yield led to the increase in wheat prices and the increase in corn." The USDA's national corn yield was 179.5 bushels per acre, which is a trend and has not changed since the last report. "It is rare for the World Council to adjust productivity in July," said Brian Greatt, editor of Pro Farmer. "It has happened before, but this is not the job of the World Council. Revenue is managed by NASS. Brown agrees with Greta. No change in corn production is expected, and Brown believes this may be a problem in the coming months." The U.S. Department of Agriculture is working hard, so it must have strong evidence that interest rates have changed, and there is no history of interest rate changes in July; this usually happens in August and then happens again in September, when they start to send the meters away. Enter the site and conduct field research," Brown said.“So, we didn’t expect the USDA to change yields. Overall, the USDA will have a hard time consolidating this crop because of the near-perfect rainfall in the eastern corn belt and the crop looks good. Productivity. In fact, Illinois The corn belts in the western state, eastern Iowa, Missouri, and eastern Minnesota have a certain degree of difference. I know that West Minnesota and Iowa’s Upper Plains in West Iowa have always Struggling and continuing to bear pressure, so this rain will help them in the short term, especially in beans. It will be a challenge to integrate together in a national speech, so I sit here today and say: if we I won’t be surprised if I don’t measure the trend line for a longer period of time, because it is difficult to get these numbers on the road to certainty. The agency said that their forecast for the corn export exhibition expects Brazil’s corn exports to fall, which may be Will boost US corn demand. "The US Department of Agriculture has reduced Brazil's corn production by another 5.5 million tons. "
The July estimates of the U.S. Department of Agriculture (WASDE) on agriculture and global supply and demand led to an unexpected drop in whole grain production this year. The U.S. Department of Agriculture expects whole wheat production to fall by 4.9 bushels this year, to a national average of 45.8 bushels per acre. As a result, total whole wheat production is estimated to be 152 million bushels less than the June forecast. According to the U.S. Department of Agriculture and NASS, the biggest wheat problem is related to durum wheat and other summer wheat grades, as producers in the northern plains have been hit by drought. The USDA forecast shows that durum wheat production has fallen by 46% since 2020. The output of spring wheat fell by 41% year-on-year.Ben Brown, an economist at the University of Missouri, said: "I think the biggest story today is about wheat compounds." People are confused. We have so many different wheat classifications, but even the United States accounts for only about 6.5% of the world's wheat production. Brown said that although wheat is often overlooked, the US Department of Agriculture's July report has reduced yields. So big that they have expanded into the corn market. "Overall, the overall performance of winter wheat is very good," Brown added, and its profitability has increased by 6% this year.However, the deterioration of summer wheat and durum wheat crops that we have seen in the Pacific Northwest and the Upper Plains severely obscures this. Today traders expect the total price of wheat to fall by 51 million bushels from the report. Last month, it finally reached 152 million bushels. Therefore, due to the economic recession, it was 100 million bushels higher than expected. This is great. I think this also applies to the corn market. Learn more about the severe wheat situation here. Corn beard tilt report The US Department of Agriculture is not optimistic about corn. Although the stock of old corn was reduced by 25 million bushels due to the increase in feed and waste usage, the corn production of the new crop is expected to increase by 175 million bushels, and the area planted and harvested will increase. "Looking at this report, I won't say that this is a completely bearish day for corn, but for the corn market, it is definitely a bearish and bearish report," Brown said. Add to."However, due to the wheat complex, the rapid deterioration in quality and the increase in yield led to the increase in wheat prices and the increase in corn." The USDA's national corn yield was 179.5 bushels per acre, which is a trend and has not changed since the last report. "It is rare for the World Council to adjust productivity in July," said Brian Greatt, editor of Pro Farmer. "It has happened before, but this is not the job of the World Council. Revenue is managed by NASS. Brown agrees with Greta. No change in corn production is expected, and Brown believes this may be a problem in the coming months." The U.S. Department of Agriculture is working hard, so it must have strong evidence that interest rates have changed, and there is no history of interest rate changes in July; this usually happens in August and then happens again in September, when they start to send the meters away. Enter the site and conduct field research," Brown said.“So, we didn’t expect the USDA to change yields. Overall, the USDA will have a hard time consolidating this crop because of the near-perfect rainfall in the eastern corn belt and the crop looks good. Productivity. In fact, Illinois The corn belts in the western state, eastern Iowa, Missouri, and eastern Minnesota have a certain degree of difference. I know that West Minnesota and Iowa’s Upper Plains in West Iowa have always Struggling and continuing to bear pressure, so this rain will help them in the short term, especially in beans. It will be a challenge to integrate together in a national speech, so I sit here today and say: if we I won’t be surprised if I don’t measure the trend line for a longer period of time, because it is difficult to get these numbers on the road to certainty. The agency said that their forecast for the corn export exhibition expects Brazil’s corn exports to fall, which may be Will boost US corn demand. "The US Department of Agriculture has reduced Brazil's corn production by another 5.5 million tons. "
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