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Acres of Knowledge

All issues concerning Small Farms, Agriculture, Local Food Systems, and the Natural Resources.

HOW LARGE DOES THE CORN CROP NEED TO BE?

Posted by Myla Munro Ringler -

Based on corn planting intentions of nearly 97.3 million acres (implied harvested acres for grain near 90.2 million) and a trend yield of 161.5 bushels, the 2013 season started with expectations of a record U.S. crop near 14.6 billion bushels.    A crop of that size would be 1.5 billion bushels larger than the previous record crop of 2009 and the record large consump...

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Early Season Corn Production Concerns

Posted by Myla Munro Ringler -

December 2013 corn futures prices have demonstrated a very erratic pattern since early February, with a trading range of about $0.70. Prices have reflected both old crop and new crop fundamentals, including expectations about producer planting intentions and the likely timeliness of planting. The price of that contract declined during February, moved higher during March, and dropp...

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ANOTHER SURPRISING CORN STOCKS ESTIMATE

Posted by Myla Munro Ringler -

The USDA's quarterly estimates of U.S. corn inventories have become a source of substantial surprises for the corn market. Dating from March 2010, 11 of the past 13 quarterly stocks estimates have deviated from expectations by enough to generate large price movements. During that period, USDA stock estimates have been both much larger and much smaller than generally expected. Mar...

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