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USDA projecting record corn, soybean crops
At its annual Outlook Forum, USDA is projecting record crops for corn and soybeans in 2013 thanks to expectations for better growing conditions than in 2012.
The Ag Department sees corn at 14.53 billion bushels with planted area of 97.2 million acres and an average price of $4.80 per bushel for the 2013/14 marketing year.
Soybeans are pegged at 3.405 billion bushels with planted area at 77.5 million acres and an average price of $10.50 per bushel.
Wheat’s projected at 2.1 billion bushels with planted area of 56 million acres.
Still, the estimates are made assuming normal weather conditions and are based on USDA analysis, not farmer surveys.
USDA’s 2013 prospective planting report is out March 28 and weekly crop progress numbers resume April 1.
Tags: Commodities, Corn, Grains/Oilseeds, Harvest, Planting, Soybeans, USDA, Wheat
The main reason that the economy of the US has been steady or slightly improving is that we have hada couple of good years of profit in the grain growing regions . I would hate to see us go backwards in our rural economy . When rural America prospers, all of America prospers . The creation of new wealth comes from the soil .
I am a dairy farmer from N Y . The best way that the grain producers can help the dairy industry is to make sure that you maintain high prices for your grains . If you would plant 10% less corn and soy beans than you did last year , you could maintain stable prices for yourselves and perhaps the dairy farmers .
Many dairy farmers are not disaplined enough to control their growth in production , so all the help you can give in discouraging use of more grains would be appreaciated . You would be doing a great service to the country in helping to maintain relative prosparity in the rural communities , and help the overall economy of the U S too .