Feed Grain Outlook

  • February 11, 2019 – USDA lowered the U.S. corn yield in the February World Agricultural Supply and Demand Estimates. Globally, the cut in U.S. production was offset by increases in foreign production, mostly Argentina, leaving world corn supplies virtually unchanged.
  • February 1, 2019 – We are able to add some delayed fundamental market information to this week’s newsletter. Grain export sales for December 20 were released this week. The much anticipated Crop Production, WASDE, and Grain Stocks are due out next Friday.
  • January 25, 2019 – Dry conditions in several major crop production areas of Brazil have extended into mid-January. The government shutdown continues to limit supply and demand information, but ethanol numbers show production running just below year ago levels.
  • January 18, 2019 – With the lapse in federal funding at USDA, market information is limited. Precipitation analysis for South America shows below normal rainfall in several major production regions for soybeans and corn. U.S. ethanol use and production are running just below last year.

 

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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