Farm Progress is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Serving: United States

USDA's first look at 2017 crops shows few surprises

USDA's first look at 2017 crops shows few surprises
Burdensome carryout could continue according to government's budget estimates. (audio)

USDA releases its first take on 2017 production, supply and demand of major crops, part of its budget process for the coming year. Though the estimates use statistical guesses to figure acreage and yields, they still set something of a starting point for the discussion. While USDA sees less corn and wheat acres and more soybeans, the agency forecasts burdensome supplies to continue.

USDA's first look at 2017 crops shows few surprises

USDA's first look at 2017 crops shows few surprises

USDA's first look at 2017 crops shows few surprises

USDA's first look at 2017 crops shows few surprises

Listen to the report using the audio link on this page.

USDA releases its first take on 2017 production, supply and demand of major crops, part of its budget process for the coming year. (Photo: maciek905/Thinkstock)

Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

TAGS: USDA
Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish