Latest News From USDA Reports

With larger-than-expected yield revisions to both corn and soybeans, it leaves one burning question: which states grew such big yields in 2023? USDA NASS released maps and charts to help answer that.

USDA released a few big surprises in the June acreage report, including a spike in corn acres and a large reduction in soybean acres. The agency also forecasts grain stocks below trade expectations.

USDA’s first official net farm income forecast shows an expected 16% drop in 2023 net farm income, largely due to a decline in commodity prices and government payments with higher expenses and costs at the farm level.

While Dale Durcholz does think there’s potential for a grain production number shift, he says the winter farmers and feed yards have faced is more likely to be the cause of a grain stocks shift lower.

Cargill Goes Tech With Plan to Nurture New Wave of Food Startups