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What does 2013 hold for Popcorn Harvest?

Sep 16, 2013
By Denise Faguy
Assistant Editor, North American Content, Farms.com

On the weekend, I went to purchase my favorite popcorn at Kernels Popcorn, but I couldn’t get my low-fat caramel popcorn because their supplier had a shortage of the popcorn variety used for sugary varieties like caramel. 

The shortage is a result of the 2012 drought in the mid-west; most U.S. popcorn is grown in Indiana, Nebraska, Ohio, Illinois, Iowa, Kentucky and Missouri. According to a report in International Food Trader, in 2012, popcorn yields were reported to be about 3000 pounds per acre -- yields are rarely below 4000 pound per acre.
 
According to the Popcorn Board’s 2013 Planting Survey, 184,241 acres were planted during the 2013 growing season.  This is a 10% increase over what was reported in 2012.   August is normally the month for popcorn harvest, so it will be interesting to see how yields differ for 2013.  

Americans consume some 16 billion quarts of this whole grain. According to the US Popcorn Board, most of the popcorn consumed throughout the world is grown in the United States, but sales of popcorn world-wide are steadily increasing. 

The popcorn board indicates that about 70 percent of popcorn is eaten in the home (home popped and pre-popped) and about 30 percent outside the home (theaters, stadiums, schools, etc.). The peak period for popcorn sales for home consumption is the fall.


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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.