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New USDA Harvest Projections Down from 2018

Based on November 1 conditions, Nebraska's 2019 corn crop is forecast at 1.77 billion bushels, down 1% from last year's production, according to the USDA's National Agricultural Statistics Service. Area to be harvested for grain, at 9.75 million acres, is up 5% from a year ago. Yield is forecast at 182 bushels per acre,
down 10 bushels from last year.
 
Soybean production is forecast at 282 million bushels, down 13% from last year. Area for harvest, at 4.95 million acres, is 11% below 2018. Yield is forecast at 57 bushels per acre, down 1 bushel from last year.
 
Sorghum production is forecast at 13.7 million bushels, down 14% from last year. Area for harvest, at 140,000 acres, is 18% below 2018. Yield is forecast at 98 bushels per acre, up 4 bushels from last year.
 
Sugarbeet production is forecast at 1.21 million tons, down 14% from last year. Area for harvest, at 43,600 acres, is down 1% from 2018. Yield is forecast at 27.8 tons per acre, down 4.1 tons from last year.
 
Potato acres of 20,000 were planted in 2019, up 3% from last year. Harvested acreage set at 19,700 acres, is up 2% from last year. Production is forecast at 9.26 million cwt, down slightly from last year. Yield is forecast at 470 cwt per acre, down 10 cwt from last year.
 
Source : unl.edu

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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

Video: Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry


Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.