Podcast: Arlan Suderman Analyzes The August USDA Crop and WASDE Reports
Date Posted: August 13, 2014
The U.S. Department of Agriculture has released its August Crop Production and World Agricultural Supply and Demand Estimates.
Corn production for 2014/15 is forecast 172 million bushels higher at a record 14,032 million bushels. The first survey-based corn yield forecast, at a record 167.4 bushels per acre, is up 2.1 bushels from last month’s trend-based projection.
Soybean production for 2014/15 is forecast at 3,816 million bushels, up 16 million due to a higher yield. Harvested area is forecast at 84.1 million acres, unchanged from July. The first survey-based soybean yield forecast is a record 45.4 bushels per acre.
Providing his analysis of the USDA estimates is Arlan Suderman of Waterstreet Solutions. (866-249-2528)