Corn production is pegged at 14.89 billion bushels, up 3% from last
year while soybean production is lowered 8% from a year ago to 4.175 billion
bushels. Still, due to high beginning stocks, the U.S. will have a record
supply of soybeans for the 2019-20 marketing year.
See DTN Ag News. BHigher Corn Demand in 2019-20...
If trade talks with China do not succeed, the bearish risk in soybean
prices is clear. But what can we expect if an agreement is reached?
See DTN Ag News. BTodd's Take...
USDA expects total red meat and poultry production to reach a new
record of 104.7 billion pounds, up from the previous record of 102.4 billion
pounds in 2018.
See DTN Ag News. 7^Livestock & Poultry Outlook...
Speaking at the USDA Agricultural Outlook Forum, the chairman of the
Commodity Futures Trading Commission said U.S. farmers and others have a major
advantage over global competitors because of U.S. markets and the U.S. dollar
as the world's currency. But he noted other markets are trying to establish
commodity trading, and that there is the risk that one day another market could
trade in other currencies.
See . FDollar Advantage in Trading...
Creativity keeps this land covered and its assets growing.
See DTN Ag News. 1^Listen to the Land - 1...