News item from the NAFB National Ag News
USDA Releases July WASDE, Crop Production Reports
The recent World Agriculture Supply and Demand report by the Department of Agriculture projects corn and soybean farmers will grow more crop than previously anticipated. USDA on Wednesday increased 2017-18 corn production to an estimated 14.255 billion bushels and soybean production to 4.26 billion bushels. Corn production came in slightly above the highest pre-report estimates while soybean production came in higher than the pre-report average estimate as well, according to DTN-The Progressive Farmer. The farm price for the 2017-18 soybean crop was pegged at an average of $9.40 a bushel, a 10-cent bump from last month’s estimate. For corn, USDA estimated an average of $3.30 a bushel, down 10 cents from earlier estimates. USDA also raised All-Winter Wheat production to 1.279 billion bushels, up 29 million bushels from the June report estimate.
The current World Agricultural Supply and Demand Estimates (WASDE) is now available in PDF, XML, and Microsoft Excel formats at:
Acrobat Reader, which is required to view and print the WASDE report, can be downloaded at:
The next release of the WASDE report will be August 10, 2017
Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194.