Tag Archives: NASS

USDA expects farmers to harvest 13.8 billion bushels (bb) of corn this fall with a national average yield of 168.4 bushels per acre (bpa). The production estimate came in slightly higher than expected, while yield was only increased by 0.2 bpa.

Soybean production was forecast at 3.55 bb, within the range of pre-report estimates, while the national average yield was 46.9 bpa, also within expectations.

Soybean ending stocks, however, dropped to 460 million bushels (mb), a 180 mb decline that’s within the range of pre-report estimates.

You can also access the full reports here:

— Crop Production: https://www.nass.usda.gov/…

— World Agricultural Supply and Demand Estimates (WASDE): http://www.usda.gov/…

CORN

With USDA forecasting a yield of 168.4 bpa and harvested acreage of 81.8 million, that puts total production at 13.8 bb, down less than 1% from September’s estimates.

After finding smaller stockpiles at the end of the 2018-19 marketing year than expected in the September 30 Grain Stocks report, USDA put total beginning stocks for the new-crop marketing year at 2.12 bb, 331 mb below its September estimate. USDA increased its forecast for feed and residual use by 125 mb, while lowering ethanol use by 50 mb. It also slashed exports to 1.9 bb from 2.05 bb last month.

As a result, ending stocks dropped to 1.93 bb, breaking through the psychologically important 2 bb mark and falling toward the high side of pre-report estimates.

The national average farm-gate price increased by 20 cents to $3.80

Globally, corn stocks came at 302.6 million metric tons (mmt), down 3.7 mmt from last month but slightly above the range of pre-report expectations.

SOYBEANS

USDA pegged new-crop soybean production at 3.550 bb, down from 3.633 bb in September. That drop was enabled by the agency’s tweak to average soybean yield, down to 46.9 bpa, 1 bpa lower than the September estimate. Harvested acres were also trimmed 75.6 million acres.

New-crop ending stocks came in at 460 mb, on the lower end of pre-report analyst estimates. The drop came largely from USDA’s trimming of old-crop soybean stocks to 913 mb, down from 1.005 bb in September. To find that lower old crops ending stocks number, USDA adjusted old-crop production down to 4.428 bb, down from 4.544 bb.

The U.S. average farm gate price for soybeans was pegged at $9 per bushel, up from $8.50 last month.

Globally, new-crop soybean ending stocks landed at 95.21 mmt down from 99.19 mmt in September, and also on the low end of pre-report expectations.

U.S. PRODUCTION (Million Bushels) 2019-20
Oct Avg High Low Sep 2018-19
Corn 13,779 13,611 13,758 13,173 13,799 14,420
Soybeans 3,550 3,571 3,634 3,473 3,633 4,544
U.S. AVERAGE YIELD (Bushels Per Acre) 2019-20 (WASDE)
Oct Avg High Low Sep 2018-19
Corn 168.4 166.8 169.3 164.5 168.2 176.4
Soybeans 46.9 47.1 48.1 46.0 47.9 51.6
U.S. HARVESTED ACRES (Million Acres) 2019-20
Oct Avg High Low Sep 2018-19
Corn 81.8 81.5 82.0 80.1 82.0 81.7
Soybeans 75.6 75.8 77.2 74.5 75.9 88.1
U.S. ENDING STOCKS (Million Bushels) 2019-20
Oct Average High Low Sep
Corn 1,929 1,684 1,963 1,257 2,190
Soybeans 460 510 584 388 640
Wheat 1,044 1,014 1,054 965 1,014
WORLD ENDING STOCKS (million metric tons) 2019-20
Oct Avg. High Low Sep
Corn 302.6 296.1 301.0 291.0 306.3
Soybeans 95.2 96.9 108.8 92.3 99.2
Wheat 287.8 285.7 288.7 280.5 286.5

(BE/AG)

WASHINGTON, District of Columbia–The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) released 2017 Census of Agriculture data tabulated by zip code. The zip code tabulations are available through Quick Stats, NASS’ online data query tool.

 

“Used by producers, community leaders, researchers, and many others in support of agriculture, the zip code tabulation provides yet another entry point to the vast amount of Census data,” said Agricultural Statistics Board Chair Joseph Parsons.

 

Data summaries are also available at the national, state, county, congressional district, watershed, and American Indian reservation level at www.nass.usda.gov/AgCensus. Still to be released are the Race, Ethnicity, and Gender Profiles on October 1.

 

Other products to expect this summer and fall include state-specific Census blogs showcased on www.usda.gov and additional Census Highlights publications found on the NASS website. Notifications of when these products are available are announced @USDA__NASS on Twitter. In addition to these products, special tabulations of data may be requested on the NASS website, if needed.

 

Already preparing for the 2022 Census of Agriculture, NASS is asking for content change suggestions and for new producers who did not receive a 2017 Census of Agriculture form last year to sign up to be counted in future censuses and surveys. Both forms can be found at www.nass.usda.gov.

OMAHA (DTN) — Corn condition improved just 1 percentage point last week, while soybean condition remained unchanged. Development of both crops continue to be well behind normal.

As of Sunday, Sept. 1, the U.S. corn crop was rated 58% in good-to-excellent condition, up 1 percentage point from 57% the previous week. That is the lowest good-to-excellent condition for this time of year since 2013, noted DTN Lead Analyst Todd Hultman.

Corn’s current condition rating is 10 percentage points behind last year’s good-to-excellent condition of 67%.

Corn development continues to lag behind the average pace. Nationwide, corn in the dough stage was estimated at 81%, up 10 percentage points from 71% the previous week but 12 percentage points behind the five-year average of 93%.

Corn dented was 41%, up 14 percentage points from the previous week, but far behind last year’s 73% and 19 percentage points behind the five-year average of 63%.

“Denting is especially slow in Indiana at 26%, Michigan at 14%, Minnesota at 25%, North Dakota at 8% and at 18% each for South Dakota and Wisconsin,” Hultman said.

Corn mature was pegged at 6%, 14 percentage points behind last year and well below the five-year average of 13%.

Soybean condition was left unchanged with a good-to-excellent rating of 55%. Like corn, that is the lowest rating since 2013.

“Missouri, plus Illinois to Ohio, continue to be states with high poor ratings,” Hultman said.

The portion of the soybean crop that was blooming was 96%, 2 percentage points higher than last Monday’s report. However, this time last year blooming was considered complete, and that coincides with the five-year average. Soybeans setting pods reached 86% as of Sunday, 10 percentage points behind the average pace of 96%.

Spring wheat harvest continued to pick up steam, jumping 17 percentage points from the previous week to reach 55% as of Sunday. Despite the big jump, that was still well behind last year’s 86% and 23 percentage points behind the five-year average of 78%.

“Montana has the most work left with only 46% of the crop in. North Dakota is a close second at 52% complete,” Hultman said.

Sorghum heading reached 92% as of Sunday, behind the five-year average of 95%. Sorghum coloring was estimated at 52%, behind the average of 64%. Sorghum mature was estimated at 24%, behind the average of 33%. Sorghum harvested was estimated at 21%, 1 percentage point behind the five-year average of 22%. Oats were 84% harvested, behind the average of 91%.