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Old 08-23-2019, 09:49 AM
Major Mjolnir Major Mjolnir is online now
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https://www.nass.usda.gov/Newsroom/2019/08-12-2019.php
WASHINGTON, DC August 12, 2019
USDA Forecasts U.S. Corn and Soybean Production Down from 2018

"Soybean production is down 19 percent from 2018, forecast at 3.68 billion bushels; corn growers are expected to decrease their production 4 percent from last year, forecast at 13.9 billion bushels. ...Average corn yield is forecast at 169.5 bushels per acre, down 6.9 bushels from last year."

"Wheat production is forecast at 1.98 billion bushels, up 5 percent from 2018. Growers are expected to produce 1.33 billion bushels of winter wheat this year, up 12 percent from last year. Durum wheat production is forecast at 57.3 million bushels, down 26 percent from last year. All other spring wheat production is forecast at 597 million bushels, down 4 percent from 2018. Based on August 1 conditions, the U.S. all wheat yield is forecast at 51.6 bushels per acre, up 4.0 bushels from last year."
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Old 08-23-2019, 09:17 PM
vivisky vivisky is offline
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I am so sorry to hear of the decreased yields...however, smaller yields should mean higher prices (????)
And if there are some farms which have not prepped for a downturn, combined with over-dependence on equipment loans....these properties might be for sale, and a good opportunity for those who can manage them more efficiently (e.g. preppers or organic small-scale specialty farmers). No mean intentions, as I have several farmers in my family. We carry on, in any manner as we must. Some of the relative's sons (daughters) sadly have zero interest in farming.....and I do not stand to inherit, neither can I afford their $3,000 per acre asking price (for an 80 acre size tract).
The future belongs to those who have prepared, or who will trade with those who promise to keep the land in the family.
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Old 08-24-2019, 12:07 AM
Kansas Terri Kansas Terri is offline
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I would like to think that the farmers who bring off a good crop would make a good profit: however this year China has been buying from South America instead of from us. So, what happens to the price in a couple of months is anybody's guess
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Old 08-25-2019, 12:42 PM
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https://www.the-review.com/news/2019...er-of-extremes

***The U.S. Department of Agriculture says the corn yield potential on the tour was estimated at 154.35 bushels per acre in Ohio — a drop from 2018′s tour estimate of 179.57 and below the three-year average of 164.38.
The next state suffering the biggest weather-related issues was South Dakota, where the corn yield potential was estimated at 154.08 bushels per acre — below 2018′s tally of 178.01.
Ohio is the nation’s eighth-largest corn-producing state and is predicted to have a yield estimated to be about 18% lower this year.
The rather grim sentiment was echoed by Cheryl Turner, a state statistician for the USDA, in her weekly report on Ohio’s corn and soybean crops.
There was some much-needed soaking rain in some areas of Ohio, but Turner noted that while some fields saw an inch or more of rain, others not far away remained high and dry.
“Crop conditions continued to deteriorate and remained in much poorer shape than 2018,” she concluded. ***

not good

however

https://www.cnbc.com/2019/08/12/corn...d-us-crop.html
***The U.S. corn harvest will be bigger than previously forecast, the U.S. Agriculture Department said on Monday, as the government issued a surprise boost to its yield estimate despite ongoing concerns in the country about a wet spring and dry summer limiting production.
For the 2019/20 crop year, the corn harvest will total 13.901 billion bushels, based on an average yield of 169.5 bushels per acre, the USDA predicted in its monthly supply and demand report.***

bad weather in one area, good weather elsewhere
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Old 09-13-2019, 07:34 PM
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Crop yields will go up and down. Plan accordingly. Yields were pretty good last year as I recall.

These tariffs came at a good time, if there is such a thing. China is already backtracking on some of their farm tariffs and we're selling what we produce.
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