Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   

Agricultural News


USDA Forecasts Record Breaking Year for US Corn, Soybean Production

Tue, 12 Aug 2014 14:37:46 CDT

USDA Forecasts Record Breaking Year for US Corn, Soybean Production

America farmers are set to produce a record breaking corn and soybean crops this year. On Tuesday, the US Department of Agriculture released its crop production report forecast. USDA is predicting America's farmers will produce 14 billion bushels of corn and 3.8 billion bushels of soybeans.


USDA pegged the nation's corn yield at 167.4 bushels per acre with eleven states likely to set new corn yields this year. USDA indicated the yield survey produced the highest number of ears in the ten states where they conduct the survey. USDA lowered ending stocks for 2013 - 2014 by 65 million bushels to 1.181 billion bushels. USDA increased corn use for ethanol and increased exports. USDA estimated ending stocks for the 2014 - 2015 crop at 1.808 billion bushels.


Global ending stock for the 2014 - 2015 corn crop were pegged at 187.82 million metric ton, slightly lower than July. USDA made no changes to production in Brazil or Argentina.


USDA estimated the nation's soybean yield at 45.4 bushels per acre with record state yields predicted for Arkansas, Illinois, Louisana, Mississippi, New York, Ohio and Pennsylvania. Ending stocks for the 2013 - 2014 crop were left unchanged from July at 140 million bushels. USDA increased the estimated ending stocks for the 2014 - 2015 crop to 430 million bushels.    


USDA increased the global ending soybean stocks from July for the 2014 -2015 crop to 85.6 million metric ton. USDA made no changes to production in Brazil or Argentina.


The nation's wheat production also increased in the latest report. USDA increased all -wheat production to 2.03 billion bushels. Winter wheat production increased 30 million bushels and spring wheat was raised seven million bushels. The nation's ending stocks also increased for 2014 -2015 to 663 million bushels.


Global ending wheat stocks increased 3.4 million metric ton to 193 million metric ton, which nearly ties with the record. USDA increased wheat production in Russia, China and Ukraine. Wheat consumption is forecast to increase for wheat feeding due to the recent rains that damaged the European Union wheat crop.


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Upcoming Rural Economic Outlook Conference at OSU to Provide Applicable Updates for the Ag Industry   Tue, 27 Sep 2022 17:24:21 CDT
  • Congressman Lucas Hopeful Biden Administration Will Provide More Necessary Funds in 2023 Farm Bill   Tue, 27 Sep 2022 17:12:45 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. September 27, 2022  Tue, 27 Sep 2022 16:13:21 CDT
  • September 27, 2022, Market Wrap-Up with Justin Lewis  Tue, 27 Sep 2022 14:18:07 CDT
  • LMA Hosts 2022 Washington D.C. Fly In   Tue, 27 Sep 2022 14:07:12 CDT
  • Chairman David Scott Applauds USDA's American-Made Fertilizer Production Grants  Tue, 27 Sep 2022 13:11:41 CDT
  • American Farmland Trust, Edelen Renewables and Arcadia Announce Partnership to Combat Climate Change by Advancing Smart SolarSM  Tue, 27 Sep 2022 12:02:23 CDT
  • U.S. Red Meat Industry Commemorates 45 Years in Japan  Tue, 27 Sep 2022 11:15:07 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       

       

    Search OklahomaFarmReport.com

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.