In Washington, the USDA released its monthly WASDE report analyzing production and consumption estimates for corn that saw a surprise jump in yields for both corn and soybeans, numbers which immediately pushed down futures prices for both key biofuel feedstocks. Last month’s report was bearish, so the market was expecting lower yields in August that […]
In Washington, the monthly World Agriculture Supply and Demand Estimates reduced its estimate for corn yields and therefore cut its production estimate for the current crop to 13.601 billion bushels, which has in turn had a bullish impact on ethanol prices. Ethanol prices rose 1.45 cents on Tuesday following the report to $1.2820/gal. Corn futures […]
In Washington, the U.S. Department of Agriculture (USDA) released its monthly World Agriculture Supply and Demand Estimates (WASDE) report and confirmed what many private analysts had already reported – the U.S. corn crop is going to break last year’s record production by a substantial amount. Total production is now projected at 14.475 billion bushels, 550 million […]
In the US and Brazil, the WASDE global crop reports and UNICA’s sugarcane forecasts were released. According to RFA’s Christina Martin, “Today’s WASDE report was a non-event as far as the U.S. corn balance sheet. The only change was a slight decrease in the 2012/13 season-average price estimate, from $7.60/bu. to $7.40/bu. However, there were […]
In Washington, the USDA, in its monthly WASDE report, reduced projected US corn yields to 122.0 bushels per acre, down 0.8 bushels from last month and 25% below spring forecasts. “Lower yields in Illinois are only partly offset by increases for Minnesota and North Dakota,” said the USDA. U.S. corn use for 2012/13 was lowered […]
Dire US media headlines abound: “Drought!” What’s real, what’s hype, and what are the impacts? More importantly, what alternatives does science give us now, and in the future, with more drought-tolerant energy and food crops? The Reuters report could not have been more stark this week from a field in Illinois. “We’re in a critical […]
If you have been reading newspapers and online sites over the past four years, you may have formed the impression that the use of corn for ethanol production has triggered food riots in Mexico, caused untold suffering for US meat producers, and in general caused global mayhem by turning food into fuel. And you may […]
In Washington, the USDA released the latest World Agriculture Supply and Demand Estimates Report. The report outlined signnificant drops in projected corn production, owning to heat and rain conditions in the Corn Belt. “U.S. feed grain supplies for 2011/12 are projected lower this month,” the report comments, “with sharp drops in forecast corn and sorghum […]
In Washington, USDA made a slight, but downward, adjustment in its corn harvest forecast for the 2011 season. The USDA June WASDE report lowered 2011 corn planted area by 1.5 million acres from March intentions to 90.7 million acres. Harvested area was lowered 1.9 million acres, to 83.2 million based on early estimates regarding flooding […]
In Washington, the USDA has changed a category in the World Agricultural Supply and Demand Estimates from “ethanol for fuel” to “ethanol and byproducts,” with an explanation that corn sent to biorefineries is used to produce ethanol, distillers grains, corn gluten feed, corn gluten meal and corn oil. The report did not mention that the […]
