Feed Grain Outlook

  • October 11, 2019 – The October Crop Report did little to alter the 2019 U.S. corn production forecast, but that was before accounting for this week’s weather. Commodities generally are higher today on the weaker dollar and optimism around trade negotiations with China.
  • October 3, 2019 – Monday’s Grain Stocks report lowered old crop ending stocks/new crop beginning stocks by 331 million bushels. Yield uncertainty for 2019 remains with below average crop condition ratings and slower than normal maturity.
  • September 21, 2019 – The U.S. corn crop condition index increased slightly this week while crop maturity is running at levels comparable to 2009 and 1992. Grain use reports this week were good for exports and feed.
  • September 13, 2019 – USDA lowered the yield estimate for the 2019 US corn crop from 169.5 bushels per acre to 168.2 in the September WASDE. Planted and harvested acres were unchanged. The lower production number was offset by lower use numbers, old and new crop.

 

Mark Welch
Texas A&M AgriLife Extension Economist

600 John Kimbrough Blvd
TAMU 2124
College Station, Texas 77843
Tel. (979)845-8011
Fax. (979)845-4906
JMWelch(at)tamu.edu

The opinions and recommendations expressed are solely those of the author and are intended for educational purposes only as part of the Texas A&M AgriLife Extension Service.  Texas A&M AgriLife Extension Service assumes no liability for the use of this newsletter.  Educational programs of the Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability, religion, age, or national origin.  The Texas A&M University System, U.S. Department of Agriculture, and the County Commissioners Courts of Texas Cooperating

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