Articles Tagged with ''usda''

Corn Plantings Surpass 5-Year Average, Soybeans Continue to Lag

It was a big week for corn plantings. According to data released today by USDA, as of May 11, a total of 59% of corn acreage has been planted, which surpassed the 5-year average of 58% for this date. It also more than doubled the acreage planted just a week earlier, which stood at 29%. Last year on May 11, only 26% of U.S. corn acreage was in the ground.
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Forecast & Trends

Dealer Optimism for 2014 Continues to Wane

In January, USDA once again lowered its 2013-14 outlook for farm cash receipts. The ag agency is now expecting cash receipts to decline by 14% in the year ahead. This is down from a 13% drop USDA projected in December.
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