Northern Ag Network
Northern Ag Network
Northern Broadcasting System    Northern News Network    Northern Sports Network
Search This Site...
Search This Site...
U.S. Hard Red Winter Wheat Crop Down 32% from Last Year

U.S. Hard Red Winter Wheat Crop Down 32% from Last Year

5/10/2017 10:56:00 AM/Categories: General News, Today's Top 5, Livestock, Grains

WASHINGTON, D.C. (DTN) -- USDA came in at analysts projections in one of the first looks at the 2017-18 new crop ending stocks for corn, but were on the low end of pre-report estimates for new crop soybean ending stocks.

USDA released the monthly World Agricultural Supply and Demand Estimates at noon as well as new crop wheat production.


CORN

USDA set 2017-18 (new crop) corn ending stocks were pegged at 2.11 billion bushels, right at the pre-report average. USDA maintained production for the newly planted crop at 14.065 billion bushels, which would be 1.08 billion bushels below the 2016-17 crop.

The 2016-17 (old crop) ending stocks were pegged at 2.295 billion bushels for corn.

SOYBEANS

The 2017-18 soybean ending stocks came in at 480 million bushels, which was 88 million bushels below the pre-report analyst average.

USDA projected the 2017-18 soybean production at 4.255 billion bushels, down from 4.307 billion bushels in the 2016-17 crop.

Old-crop soybean ending stocks pegged at 435 million bushels, which is 10 million bushels lower than the April report.

WHEAT

2017-18 winter wheat production is pegged at 1.25 billion bushels, down 25% from last year. As of May 1, the yield forecast was 48.8 bushels per acre, down 6.5 bushels from last year's record yield. These numbers, however, also likely do not factor in the impact of April's winter storm on the winter crop.

Hard red winter wheat production was pegged at 737 million bushels, down 32% from a year ago. The soft red winter wheat crop was forecast at 297 million bushels, down 14% from last year. All white wheat production was projected at 212 million bushels.

A large chunk of the decline in winter wheat production came from Kansas, where the average yield is pegged at 42 bushels per acre, down from 57 bushels last year. Production for the 2017-18 crop in Kansas is projected at 289.8 million bushels, down 38% from the 2016-17 crop.



Source: DTN

Print
Tags:

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Recent Ag News

USDA Outlook: Not So Good

2/23/2018 5:50:00 AM

A lower U.S. dollar value could boost agriculture exports, but the long-term outlook offers no real light at the end of the tunnel for the struggling farm economy, USDA's chief economist said on Thursday.

>> Read More
Article rating: No rating

Profit Tracker: Packer Margins Continue Slide

2/23/2018 5:47:00 AM
A $3-plus rally in cash fed cattle prices pulled packer margins under $20 per head last week. Despite the increase in cash prices, cattle feeding margins slipped $6 per head, but remain at $206. Declines in cattle feeding profits were the result of higher costs, mostly due to a $57 per head increase in the cost of feeder cattle calculated against last week’s marketings, according to the Sterling Beef Profit Tracker. >> Read More
Article rating: No rating

Act of Sabotage Releases Captured Yellowstone Bison

2/23/2018 4:14:00 AM
Sometime between 9 p.m. on Wednesday and 6 a.m. on Thursday, someone intentionally compromised the fences at Stephens Creek, releasing approximately 73 of the 96 bison that were inside the pen. >> Read More
Article rating: No rating

Senate holds Oversight Hearing on the U.S. Commodity Futures Trading Commission

2/22/2018 8:25:00 AM

 Last week, the U.S. Senate Agriculture Committee held a hearing with Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo titled State of the CFTC: Examining Pending Rules, Cryptocurrency Regulation, and Cross-Border Agreements.  >> Read More
Article rating: No rating

Merck Animal Health Introduces Banamine Pour-On

2/22/2018 8:08:00 AM
Merck Animal Health, known as MSD Animal Health outside of the U.S. and Canada, has introduced Banamine Transdermal (flunixin transdermal solution) — the first and only U.S. Food & Drug Administration approved product for pain control in a food-producing animal. >> Read More
Article rating: No rating
RSS

Find Articles by Date

«February 2018»
MonTueWedThuFriSatSun
29234
561011
1718
2425
2627281234
567891011