USDA report doesn’t spark corn market

Mark Conlon
Aug 17, 2023
Aug 17, 2023

Facebook
Twitter
Bluesky
WhatsApp
SMS
Email
Print
Save

In August, USDA releases an updated supply and demand report, as well as revised production estimates, which is highly anticipated because it often gets the market excited. There wasn't much excitement after the report came out this year.

kAm~? pF8] ``[ &$sp AC@G:565 2? FA52E6 ?@E @?=J 7@C E96 (@C=5 p8C:4F=EFC2= $FAA=J 2?5 s6>2?5 tDE:>2E6D W(p$stX[ 3FE 2=D@ 7@C AC@5F4E:@? ?F>36CD] %96 C62D@? pF8FDE :D :>A@CE2?E :D E92E pF8FDE :D E96 7:CDE >@?E9 E92E &$sp DFCG6JD 72C>6CD @? J:6=5 A@E6?E:2=[ 3FE :E 2=D@ 4@>3:?6D E92E :?7@C>2E:@? H:E9 D2E6==:E6 :>286CJ – C6>@E6 D6?D:?8 – E@ FA52E6 E96:C J:6=5 7@C642DED]k^Am

kAm“%9:D pF8FDE C6A@CE :D FDF2==J @?6 @7 E9@D6 9:89\DA2C<D[ 9:89\:?E6?D:EJ <:?5 @7 C6A@CED H96C6 H6 D66 3:8 AC:46 >@G6>6?ED] (6==[ H6 5:5?VE 86E E92E[” D2:5 uC2J?6 ~=D@?[ }s$& 4C@AD 64@?@>:DE^>2C<6E:?8 DA64:2=:DE] “q2D:42==J H92E 92AA6?65 H2D :D E92E E96 &$sp ?F>36CD 42>6 @FE G6CJ 4=@D6 E@ H92E E96 AC:G2E6 EC256 2?2=JDED H6C6 6IA64E:?8 E@ D66[ H9:49 :D[ E@ D@>6 568C66[ <:?5 @7 C67C6D9:?8 E92E H6 5@?’E 92G6 E9:D H:=5 H:56 E92E H6’G6 366? @? 7@C E96 =2DE 4@FA=6 J62CD]”k^Am

kAm%96 7@C642DE 7@C 2 ?2E:@?2= 2G6C286 J:6=5[ 2D H6== 2D 2 3C62<5@H? DE2E6\3J\DE2E6[ 42>6 :? G6CJ 4=@D6 E@ H92E >@DE @7 E96 AC:G2E6 2?2=JDED H6C6 6IA64E:?8] &$sp 5:5 >2<6 D@>6 D>2== 25;FDE>6?ED @? E96 4@?DF>AE:@? @C FD286 D:56 @? E96 (p$st C6A@CE[ 3FE E96 ?F>36CD H6C6 C62==J ;FDE “?:33=:?8 2C@F?5 E96 6586D]”k^Am

kAm}@H[ @3G:@FD=J E96C6’D 2 5:776C6?46 >@G:?8 7@CH2C5]k^Am

kAm~=D@? 6IA=2:?65 E92E H96? &$sp 5@6D :ED 7@C642DE 2?5 J:6=5 6DE:>2E6D[ E96J E2<6 E96 4FCC6?E @3D6CG2E:@?D[ 2D H6== 2D E96 DFCG6J ?F>36CD[ 2?5 2DDF>6 E92E H62E96C H:== 36 ?@C>2= 7C@> E9:D A@:?E 7@CH2C5] ~? E96 @E96C 92?5[ 96 2=D@ ?@E65 E96C6 2C6 D@>6 AC:G2E6 7@C642DE6CD E92E[ H96? J@F 86E :?E@ E96 H6DE6C? r@C? q6=E[ E96C6 2C6 D@>6 2C62D E92E 92G6 366? G6CJ 5CJ >@DE @7 E96 D62D@? 2?5 2 =@E @7 E:>6D E96 AC:G2E6 7@C642DE6CD H:== 2DDF>6 E92E E96J’C6 8@:?8 E@ 92G6 4@?E:?F65 5CJ H62E96C[ @C :7 :E’D 366? 9@E 2?5 5CJ E92E :E H:== 4@?E:?F6 E@ 36 9@E 2?5 5CJ]k^Am

kAm“$@ E96C6 42? 36 5:776C6?46D 36EH66? H92E E96 EC256CD 2C6 E9:?<:?8[ H9:49 :D H92E J@F D66 :? E96 7FEFC6D >2C<6E[ G6CDFD H92E E96 &$sp :D 7@C642DE:?8[” 96 D2:5] “(6’C6 ?@H 324< 2E E96 A@:?E H96C6 H6 H6?E :?E@ E96 C6A@CE[ H96C6 E9:D :D 2 H62E96C >2C<6E[ 2?5 6G6? E9@F89 H6 8@E D@>6 4@?7:C>2E:@? E92E :E =@@<D =:<6 E96 4@C? 4C@A :? E96 &]$] :D 8@@5[ E96 62DE6C? r@C? q6=E :D 7@C642DE65 E@ 92G6 D@>6 AC6EEJ 8@@5 J:6=5D – 2G6C286 E@ 23@G6 2G6C286]”k^Am

kAm%96 492==6?86[ 9@H6G6C[ 4@?E:?F6D E@ 36 E96 H6DE6C? r@C? q6=E – :?4=F5:?8 D@FE96C? |:??6D@E2[ A2CED @7 x@H2 2?5 ?@CE96C? |:DD@FC:[ 2?5 62DE6C? A2CED @7 }63C2D<2 2?5 z2?D2D – E92E 92G6 366? 492==6?865 7@C >@:DEFC6]k^Am

kAm“%96J’G6 925 D@>6 AC6EEJ 9@E E6>A6C2EFC6D E92E 92G6 AFE E96 4C@A F?56C D@>6 DEC6DD] %96 3:8 BF6DE:@? :Di H92E 5@6D E92E >62? >@G:?8 7@CH2C5n” 96 D2:5] “(6==[ C:89E ?@H[ H6’C6 92G:?8 D@>6 4@@=6C E6>A6C2EFC6D 2?5 H6’G6 925 D@>6 D9@H6CD 4@>6 E9C@F89 7@C E9@D6 2C62D E92E 2C6 G6CJ 5CJ[ H9:49 H:== 96=A DE23:=:K6 4C@AD 2?5 96=A DE23:=:K6 J:6=5 AC@;64E:@?D] qFE H96? J@F =@@< 2E E96 6IE6?565 7@C642DED[ :E =@@<D =:<6 E96 H6DE6C? r@C? q6=E[ 2D H6== 2D A2CE @7 E96 62DE6C? r@C? q6=E[ H:== EFC? E@ E96 9@E 2?5 5CJ 42E68@CJ 282:?]k^Am

kAm“$@ E96 F?<?@H? C:89E ?@H 7@C J:6=5 @? 4@C? :Di 5@6D E96 4@C? 4C@A 92G6 6?@F89 D@:= >@:DEFC6 C6D6CG6D E@ 92G6 6?@F89 H:E9:? :ED @H? A=2?E E@ 36 23=6 E@ 7:?:D9 E9:D 4C@A @FEn xE’D DE:== 2 H:=5 42C5] (6 5@?’E <?@H[” 96 25565]k^Am

People are also reading…

Bison may not have future on Great Plains
Morel hunting sees varied success
Northwest Missouri brothers get late-April start
Central Iowa family works through wet, chilly spring together
Discoveries advance dairy-cow fertility
Sale barn math: the high cost of high prices
Sandhills cowboy committed to land, cattle, community
Build portable milking parlors
Needed rain delays Iowa planting
Beware changes in disease risk
Ahead of schedule in northwest Iowa
Solar power helps keep Illinois farms alive
USDA unveils conservation program
Online tool helps take guess-work out of planting
After drought, rain keeps central Illinois planting on hold

kAm~=D@? ?@E65 E96 >2C<6E :D 4FCC6?E=J D66:?8 D@>6 5@H?H2C5 AC6DDFC6 @? AC:4:?8 7@C 4@C?[ >2:?=J 3642FD6 E96C6 2C6 >@C6 A=2?E65 4@C? 24C6D E92? 7:CDE 6IA64E65 62C=:6C E9:D 8C@H:?8 D62D@?]k^Am

kAm“%9:D :D DE:== 6IA64E65 E@ 36 2 AC6EEJ =2C86 4@C? 4C@A 9:DE@C:42==J[ ;FDE 3642FD6 @7 E96 :?4C62D6 :? 24C6286[” 96 D2:5] “$@ E96 4@C? >2C<6E :D 766=:?8 >@C6 4@>7@CE23=6 6G6? E9@F89 H6 92G6 D@>6 J:6=5 G2C:23:=:EJ] (6 92G6 D@>6 J:6=5 F?46CE2:?EJ =67E :? E96 >2C<6EA=246] $@>6 @7 E92E F?46CE2:?EJ :D 5H:?5=:?8[ :E’D 86EE:?8 =6DD[ 2?5 E96 724E E92E H6 92G6 D@ >2?J 24C6D 2C@F?5 :D AC@G:5:?8 D@>6 4@>7@CE :? E96 4@C? >2C<6E]”k^Am

kAm%92E D2:5[ 96 6IA=2:?65 E96C6 :D A@E6?E:2= 7@C AC:46 G2C:23:=:EJ 32D65 @? E96 H62E96C[ 3FE :? 9:D @A:?:@?[ 2 D:8?:7:42?E 2>@F?E @7 E96 AC:46 G2C:23:=:EJ :D DE2CE:?8 E@ 4@>6 @FE @7 E96 >2C<6E]k^Am

kAm“$@>6 @7 E92E C:D< AC6>:F> E92E H6 925 3F:=E :? 62C=:6C @? E9:D D62D@?[ ?@E <?@H:?8 H92E J:6=5D H6C6 8@:?8 E@ 36[ :D ?@H 36:?8 4@?7:C>65] xE’D =@@<:?8 =:<6 H6’C6 8@:?8 E@ 92G6 2 AC6EEJ 8@@5 4C@A 2?5 E96 6IEC2 24C6D 2C6 46CE2:?=J 96=A:?8[” 96 D2:5]k^Am

kAm{@@<:?8 2E 4FCC6?E C6=2E:G6 AC:46D[ E96 4@C? >2C<6E 92D E2<6? 2 9:E @G6C E96 =2DE 4@FA=6 H66<D =2C86=J 3642FD6 @7 E96 F?46CE2:?EJ @7 E96 J:6=5D 2?5 E96 724E E96C6 2C6 D@ >2?J 24C6D]k^Am

kAm“%96C6’D ?@E 2 3:8 H@CCJ 23@FE ?@E 92G:?8 3FD96=D 2?5 E92E’D H9J[ H96? J@F’C6 =@@<:?8 2E 2 C6=2E:G6 AC:46 A@:?E[ E96 AC:46 @7 4@C? G6CDFD E96 AC:46 @7 D@J362?D[ J@F’C6 D66:?8 E92E 5:776C6?E:2=[ J@F’C6 D66:?8 E92E AC:46 DAC625[ E92E C2E:@ 86ED E@ 36 2 3:E H:56C E92? J@F ?@C>2==J 6IA64E[” 96 6IA=2:?65[ 255:?8 E96 AC:46 7@C 92CG6DE 56=:G6CJ @7 4@C? H2D 23@FE Sc]b_\Sc]bd]k^Am

kAmpE @?6 6=6G2E@C :? H6DE6C? |:??6D@E2 C68F=2C=J 7@==@H65 :? E9:D 4@=F>?[ 2D @7 pF8] `d[ E96 pF8FDE 56=:G6CJ AC:46 H2D Sd]_b 2?5 32D:D H2D Zb_ 46?ED @G6C] %96 s646>36C a_ab 7FEFC6D AC:46 H2D =:DE65 2E Sc]gc 2?5 32D:D H2D \b 46?ED F?56C]k^Am

kAmpE 2? 6=6G2E@C :? 62DE 46?EC2= }@CE9 s2<@E2[ 2D @7 pF8] `c[ E96 pF8FDE 56=:G6CJ AC:46 H2D Sc]ea A6C 3FD96= 2?5 32D:D H2D \`_ 46?ED F?56C] %96 }@G6>36C a_ab 7FEFC6D AC:46 H2D =:DE65 2E Sc]ac 2?5 32D:D H2D \e_ 46?ED F?56C]k^Am

kAm~?6 :E6> E92E ~=D@? 92D 366? 362E:?8 9:D 5CF> 23@FE[ 2?5 H:== 4@?E:?F6 E@ 5@ D@[ :D E@ 86E 72C>6CD E@ C62==J 5@ E96 >2E9 @? E96 4@DE @7 DE@C286[ :? A2CE:4F=2C E96 4@DE @7 @?\72C> DE@C286[ 3642FD6 @7 9:896C :?E6C6DE C2E6D E92E 92G6 8@?6 FA DF3DE2?E:2==J 7C@> =2DE J62C]k^Am

kAm“{2DE J62C[ :?E6C6DE C2E6D 7@C >@DE @A6C2E:?8 ?@E6D H6C6 2E c\c]d A6C46?E :?E6C6DE] x?E6C6DE C2E6D E9:D J62C 7@C @A6C2E:?8 ?@E6D[ E96 4@DE @7 AFEE:?8 2 4C@A :?[ 2C6 4=@D6C E@ g A6C46?E[” 96 D2:5] “$@ H96? J@F E2<6 g A6C46?E :?E6C6DE E:>6D S`a]c_ D@J362?D[ E92E 255D FA :? 2 9FCCJ]k^Am

kAm“*@F’G6 8@E E96 C6G6?F6 A2CE H96C6 E96 >2C<6E :D ECJ:?8 E@ C6H2C5 J@F 7@C DE@C286[ 32D:42==J E@ 96=A A2J D@>6 @7 E9@D6 DE@C286 4@DED – 2?5 E96? J@F’G6 8@E E96 4@DE @7 DE@C286[” 96 4@?E:?F65] “pD 2 72C>6C[ H96? J@F’C6 8@:?8 E9C@F89 E96 >2E9[ ECJ:?8 E@ 7:8FC6 @FE H92E :D E96 4@DE @7 J@FC DE@C286[ J@F C62==J ?665 E@ C65@ E96 ?F>36CD[ J@F ?665 E@ C642=4F=2E6 32D65 @77 @7 E@52J’D ?F>36CD[ ?@E @77 @7 H92E J@F’G6 D66? @G6C E96 =2DE D6G6C2= J62CD] xE’D 24EF2==J 9:896C E92? >@DE A6@A=6 6IA64E]k^Am

kAm“(6 42? DE:== A=2J E96 DE@C286 82>6[ E96C6 42? DE:== 36 >@?6J >256 3J DE@C:?8 4C@A @?\72C>[ 3FE J@F’G6 8@E E@ C65@ E96 >2E9 E@ >2<6 DFC6 J@FVC6 FD:?8 E96 C:89E ?F>36CD] %92E’D E96 A2CE E92E x C62==J H2?E E@ 7@4FD @? 2?5 6>A92D:K6 E@ 72C> >2?286CD E@ >2<6 DFC6 E92E E96J’C6 5@:?8 E92E 2?5 E96J’C6 5@:?8 :E 4@CC64E=J[” 96 4@?4=F565]k^Am