The U.S. Department of Agriculture (USDA) raised both its corn and soybean production numbers in Wednesday's report.

Jon Driedger is a senior market analyst with FarmLink Marketing Solutions.

"Certainly the biggest headline number was the fact that corn yields came in really quite a bit above what everyone was expecting. In fact, probably the general consensus is that we might have seen maybe a little bit of a reduction in the corn yield from the August report."

U.S. corn production is forecast at 14.8 billion bushels, up 2 percent from August and up 2 percent from last year. Yields are expected to average a record 181.3 bushels per acre. Following the report, Chicago Board of Trade corn futures dropped 3.2 percent, their lowest in nearly two months.

U.S. soybean production is forecast at a record 4.69 billion bushels, with yields expected to average a record high 52.8 bushels per acre.

 

Send your news tips, story ideas and comments to [email protected]

More Ag News

Farmers Collaborate on Wheat Industry Issues At Agri-Trade

The Western Canadian Wheat Growers had farmers from both sides of the border at their lunch at Agri-Trade in Red Deer last week. The event featured a panel discussion with representatives from the…

2018 New Crop Missions Underway

Canada's new crop missions got underway this week. Customers in 17 countries will meet with representatives from Canada’s grain value chain to learn about the quality and end-use characteristics of…

Protein Industries Canada Moving Forward With Supercluster

On Tuesday, the Government of Canada announced the signing of an agreement to invest up to nearly $153 million, matched dollar for dollar by the private sector, in the Prairie-based Protein…

Last Day To Give Feedback On Proposed Seed Treatment Ban

The Canadian Canola Growers Association (CCGA) says a proposed ban on a pair seed treatments would leave farmers with fewer options for preventing flea beetle infestations. In August 2018, the Pest…

Next Generation Wins Hereford Grand Champion Female At Farm Fair

It was the third generation of Flewelling Cattle Co. who won the Western National Mark of Excellence Hereford Grand Champion Female at Farm Fair in Edmonton last week. Nathan Flewelling from Bowden…

Cattle Producers Given More Time To Vote On Check-Off Dollars

The Alberta Beef Producer's plebiscite has been extended. Tuesday, November 13 was the original deadline to vote on whether the check-off dollars will remain refundable, or change to non-refundable.…

New Grain Cart Unveiled at Agri-Trade

Elmer's Manufacturing, based in Altona, Manitoba unveiled its new Haulmaster Grain Cart last week at the Agri-Trade Equipment Expo in Red Deer. Sales Manager Brad Friesen talked about some of the new…

Oversupply Of Hogs Creating Downturn In Prices

Pork producers in Western Canada have been seeing a recent downturn in forward hog contract prices. Tyler Fulton is the Director of Risk Management with Hams Marketing Services. "We're just under a…

Maintaining Cow Condition When Feed Supplies Are Tight

Every year beef producers work to get their cows through the winter in good condition so they can calve, produce milk and rebreed in a timely manner. The Beef Cattle Research Council (BCRC) says the…

Canadian Ag Hall Of Fame Welcomes Five New Inductees

Five agricultural leaders were officially inducted into the Canadian Agricultural Hall of Fame this past weekend, as part of the Royal Agricultural Winter Fair in Toronto. The new members include…

DiscoverWestman.com is Westman's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login