In this file:


·         South America set for big corn crops

·         USDA Makes Few Changes In Corn, Soybean Production Thursday

·         USDA Extends Deadline to Report Spring-Seeded Crops for Twelve States

·         China cuts 2019/20 corn use forecast by 2 mn T due to African swine fever

·         USDA Report Could Set Tone for Higher Corn Market Highs



South America set for big corn crops


By John Perkins, Brownfield

July 10, 2019


Big corn crops and competitive prices from South America are expected to mean more export competition for the United States.


Brazilian ag consultancy AgRural says 44% of Brazil’s record large second corn crop has been harvested and the crop is far enough along that a recent frost isn’t expected to significantly impact yields, with second crop production projected at 75.7 million tons.


According to Successful Farming, 61% of Argentina’s corn crop is harvested, with this year’s corn crop potentially edging out soybean production for the first time in 20 years at 57 million tons.


U.S. corn prices have surged recently on the uncertainties...





USDA Makes Few Changes In Corn, Soybean Production Thursday

2019 U.S. soybean ending stocks remain similar to June.


By Mike McGinnis, Successful Farming - 7/11/2019


DES MOINES, Iowa — The USDA made little changes for U.S. corn and soybean production and ending stocks estimates, in its July monthly report released Thursday.


As a result, the markets dropped initially. However, since the 11:00am release, the farm markets have recovered.


At midsession, the Sep. corn futures are 1 3/4¢ lower at $4.33. Dec. corn futures are 3¢ lower at $4.36.


Aug. soybean futures are 3/4¢ higher at $8.95 1/2. November soybean futures are 1¢ higher at $9.13 3/4.


Sep. wheat futures are 8 1/4¢ higher at $5.13 1/2.


August soymeal futures are $0.60 per short ton higher at $311.70. August soy oil futures are $0.11 lower at 28.20¢ per pound.


In the outside markets, the NYMEX crude oil market is $0.35 higher, the U.S. dollar is lower, and the Dow Jones Industrials are 190 points higher.




In its July Crop Production Report the USDA pegged the U.S. 2019 corn production at 13.875  billion bushels vs. the trade’s expectations of 13.3 billion bushels and the USDA’s June estimate of 13.68 billion.


The U.S. 2019 corn yield is estimated at 166 bushels per acre vs. the trade’s estimate of 164 bu./acre and the USDA’s previous estimate of 166 bu./acre.




For soybeans, the U.S. 2019 production is pegged at 3.84 billion bushels vs. the trade’s estimate of 3.871 billion bushels and the USDA’s June estimate of 4.15 billion.


The USDA sees the U.S. soybean yield averaging 48.5 bu./acre vs. the trade’s expectation of 48.4 bu./acre and the governmental agency’s previous estimate of 49.5.


U.S. 2018/19 Ending Stocks ...


U.S. 2019/2020 Ending Stocks ...


World 2018/19 Ending Stocks ...





USDA Extends Deadline to Report Spring-Seeded Crops for Twelve States

Producers in States Impacted by Floods and Heavy Moisture Must Report by July 22


Source: USDA

July 10 2019


WASHINGTON, July 10, 2019 – The U.S. Department of Agriculture (USDA) is extending the deadline for agricultural producers in states impacted by flooding and heavy moisture. The new July 22 deadline applies to producers in Arkansas, Illinois, Indiana, Iowa, Kentucky, Michigan, Missouri, Minnesota, North Dakota, Ohio, Tennessee and Wisconsin for reporting spring-seeded crops to USDA’s Farm Service Agency (FSA) county offices and crop insurance agents.


“These are challenging times for farmers, and we are here to help,” said Bill Northey, USDA Under Secretary for Farm Production and Conservation. “This deadline extension is part of our broader effort to increase program flexibility and reduce overall regulatory burden for producers who are having to make some tough choices for their operations.”


Producers not in the selected states must file reports or be added to a county register by the original July 15 deadline.


“While producers in many parts of the country are experiencing a challenging spring and early summer, these states are seeing an especially large number of producers delayed in planting and unable to complete their other fieldwork,” Northey said.


Filing a timely crop acreage report is important for maintaining eligibility for USDA conservation, disaster assistance, safety net, crop insurance and farm loan programs. A crop acreage report documents all crops and their intended uses and is an important part of record-keeping for your farm or ranch.


Producers filing reports with FSA county offices are encouraged to set up an appointment before visiting the office. Acreage reports from producers in the affected states who set up appointments before the July 22 deadline are considered timely filed, even if the appointment occurs after the deadline. Likewise, reports from producers in non-affected states who set up appointments before July 15 will be considered timely filed.


“We encourage you to contact your FSA county office today to set up an appointment,” Northey said. “Our team is standing by to help you complete this important process that keeps you eligible for key USDA programs.”


Other USDA Efforts to Help Producers


USDA is taking additional steps to help producers across the country, including:


    Updating the haying and grazing date for producers who have planted cover crops on prevented plant acres;

    Offering special sign-ups through the Environmental Quality Incentives Program for assistance to plant cover crops; and

    Extending the deadline to report prevented plant acres in certain places.


For more information, visit our Prevented or Delayed Planting webpage.


More Information


To learn more, contact your FSA county office or visit or


USDA is an equal opportunity provider, employer and lender.


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China cuts 2019/20 corn use forecast by 2 mn T due to African swine fever


Madiha Shakeel, Business Recorder

July 11, 2019


BEIJING: China’s agriculture ministry on Thursday said it was lowering its forecast for corn consumption in the 2019/20 crop year amid outbreaks of African swine fever across the country.


The ministry said corn consumption was now seen 2 million tonnes lower than last month’s forecast at 280 million tonnes because a huge fall in the pig herd was reducing demand for feed. African swine fever is fatal to pigs, though it doesn’t harm humans.


China has said its sow herd declined by a record 23.9% in May from a year earlier, but some estimate the number to be twice that level. While demand will be lower, the country also planted less corn, the ministry said in its monthly crops report, thanks to a greater-than-expected shift in the type of crops being grown.


Beijing is encouraging less planting of corn in some areas in the far north and higher output of soybeans...





USDA Report Could Set Tone for Higher Corn Market Highs

Will the USDA adjust U.S. corn acreage, tomorrow?


By Bob Linneman, Successful Farming - 7/10/2019


Traders want to know what acreage number the USDA will print in tomorrow's July Crop Production Report.


That report and the Supply/Demand data will be released Thursday at 11:00 am CT.


The expectations for the monthly July Supply and Demand report are not as clear as they normally are this year. For instance, we could see changes in this report that we normally would not see in a July report. The main one: any adjustment to acres from the late June Planted Acreage report.


Typically, the USDA takes the acres from the late-June report and uses the exact numbers for the monthly July report. The last time it made any major adjustment to this process was in 1993. It is no secret that 1993 and 2019 have many similarities. This is why it would not surprise me to see some adjustments to acres in the report tomorrow (Thursday).


Keep a close eye on the cash corn market. Cash basis levels are reaching or have already hit record-tight levels in many areas. This is a great sign for the bulls...