The U.S. Department of Agriculture (USDA) raised both its corn and soybean production numbers in Wednesday's report.

Jon Driedger is a senior market analyst with FarmLink Marketing Solutions.

"Certainly the biggest headline number was the fact that corn yields came in really quite a bit above what everyone was expecting. In fact, probably the general consensus is that we might have seen maybe a little bit of a reduction in the corn yield from the August report."

U.S. corn production is forecast at 14.8 billion bushels, up 2 percent from August and up 2 percent from last year. Yields are expected to average a record 181.3 bushels per acre. Following the report, Chicago Board of Trade corn futures dropped 3.2 percent, their lowest in nearly two months.

U.S. soybean production is forecast at a record 4.69 billion bushels, with yields expected to average a record high 52.8 bushels per acre.

 

Send your news tips, story ideas and comments to [email protected]

More Ag News

Alberta Invests In Recycling Agriculture Plastics

A pilot project is looking into recycling agriculture plastics in Alberta. Alberta Agriculture and Forestry announced they'll be giving a group made up of 20 stakeholder organizations $750,000 for…

National Dairy Group Responds To New Food Guide

Dairy Farmers of Canada (DFC) is reminding people of the health benefits of milk products after the unveiling of Canada's New Food Guide. Dairy no longer has it's own food group, but DFC Health…

Canadian Cattle Numbers Remain Flat

The cattle herd has been expanding in the U.S. for several years. However, that hasn't been the case here in Canada. Sandy Russell with Spring Creek Consulting spoke about the issue during Beef and…

New Canada Food Guide Includes Emphasis On Plant Proteins

Health Canada released their revised Canada Food Guide on Tuesday, January 22. The new guide includes three groups; fruits and vegetables, whole grain foods and protein foods. The new federal…

New Canada Food Guide To Be Released Tuesday

Canada's new Food Guide which has sparked debate among stakeholders will be released on Tuesday, January 22. Foothills Member of Parliament, John Barlow, says there wasn't a proper consultation held…

First Ag Association To Commit Check-Off Dollars To STARS

For the first time, and agricultural association is committing some of their check-off dollars to STARS air ambulance. Last week, Manitoba's Keystone Potato Producers Association (KPPA) announced an…

Recognizing Exceptional Work in Livestock Welfare

Alberta Farm Animal Care is looking for individuals or organizations who've made exceptional contributions in the field of livestock welfare. Nominations are open for their Awards of Distinction in…

Manitoba Pork Assists In Alberta PED Investigation

It was revealed last week that the Porcine Epidemic Diarrhea virus (PEDv) was discovered for the first time in Alberta. The first Canadian PED case was confirmed in Ontario back in 2014, and has…

Alberta Wheat Commission Invests In Research To Lower Input Costs

The Alberta Wheat Commission (AWC) is investing nearly $280,000 into research. The money will be split between four research projects, which the Commission says could lower farmers' input costs…

Wild Boars A Problem For Central and Northern Alberta Farmers

It may not be deer or elk causing damage on farms in Central and Northern Alberta. Inspector with Alberta Agriculture and Forestry, Perry Abramenko, says wild boars have become a problem for…

DrumhellerOnline.com is Drumheller's only source for community news and information such as weather and classifieds.

Login