Market Trends

Monthly market trends commentary is written by Philip Shaw, B.Sc. (Agr.), M.Sc.

Market Trends Report for July-August 2017

It is a sizzling summer in the American heartland with North and South Dakota taking the brunt of a devastating drought, which has impacted spring wheat country. Temperatures across the American Midwest have been triple digit for much of July and it remains to be seen how this will impact corn and soybean crops in the United States. The 30-day forecast for the American Midwest is for a continuance of hot and dry weather.

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On July 12th the USDA weighed in with their latest estimates of US crop production. In the report the USDA increased US corn production at 14.255 billion bushels with the US national yield sustained at 170.7 bushels per acre. At the same time the USDA increased soybean production to 4.26 billion bushels. This was based on a five million bushel increase based on expected harvested area at 48 bushels/acre.


USDA Reports

The United States Department of Agriculture publishes monthly reports that may be of use to our members.

Report Released Link
Crop production July 12, 2017
World agricultural supply and demand estimates July 12, 2017

Latest Reports

The Market Trends report is also available as a podcast.

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Market Trends Report for July-August 2017
7/24/2017 9:39 AM | GFO.ca
Special Post June 30 USDA Market Trends Report
7/4/2017 11:33 AM | GFO.ca
Market Trends Report for June-July 2017
6/12/2017 10:04 AM | GFO.ca
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