In this file:
· US: USDA Lowers U.S. Corn and Soybean Production
· Canada: StatsCan forecasts near-record corn crop
USDA Lowers U.S. Corn and Soybean Production
By Andy Eubank, Hoosier Ag Today
Sep 12, 2019
This month’s 2019/20 U.S. corn outlook is for reduced production, lower corn used for ethanol, and slightly higher ending stocks.
Corn production is forecast at 13.799 billion bushels, down 102 million from last month on a lower yield forecast. Corn supplies are down from last month, as a smaller crop more than offsets larger beginning stocks due to lower estimated exports and corn used for ethanol for 2018/19.
Corn used for ethanol for 2019/20 is lowered 25 million bushels. With use falling more than supply, corn ending stocks are up 9 million bushels from last month.
The season-average corn price received by producers is unchanged at $3.60 per bushel.
U.S. oilseed production for 2019/20 is projected at 110.2 million tons, down 1.3 million from last month with lower soybean and cottonseed production partly offset by a higher peanut forecast.
Soybean production is projected at 3.6 billion bushels, down 47 million on a lower yield forecast of 47.9 bushels per acre.
Soybean supplies are reduced...
StatsCan forecasts near-record corn crop
By Phil Franz-Warkentin, MarketsFarm, a Glacier FarmMedia
via Canadian Cattlemen - September 12, 2019
MarketsFarm — Canada’s corn crop is forecast to be the second largest on record despite a delayed start to spring planting, as yields showed an improvement from earlier forecasts, according to updated production estimates Thursday from Statistics Canada.
Using a combination of satellite imagery, previous survey data, and agro-climatic data, the latest Statistics Canada report pegged Canada’s 2019-20 corn crop at 14.1 million tonnes. That compares with the August estimate of 13.6 million tonnes and the 13.9 million-tonne crop grown the previous year. Average corn yields across the country were pegged at 153.6 bushels per acre.
Of that total, Ontario’s corn crop is forecast at slightly below nine million tonnes, which compares with the August forecast of 8.6 million tonnes and the 8.8 million tonnes grown the previous year. Average Ontario corn yields were raised to 162.5 bu./ac., from 156.1 bu./ac. in August. While that’s still down from the 166-bu./ac. average yields reported in 2018, planted area was up on the year.
Corn production in Manitoba is forecast at 1.5 million tonnes, which would be a new record for the province and well above the 1.2 million grown in 2018. Average corn yields in the province were forecast at 133.2 bu./ac.
The Canadian soybean crop...