News

USDA Forecasts Grain Prices Will Reach Bottom Next Year


Grain prices could reach a long-term bottom next year, according to USDA’s long-range projections released Feb. 16:

“Marketing year 2017-18 projections suggest the end of the price declines and the beginning of modest increases that are expected to continue through 2026,” says the report.

It projects a decade of steady growth in demand for U.S. corn but a declining share of global corn trade.

For soybeans, “Slowly increasing prices and higher producer returns provide incentives to increase plantings, and producers are expected to plant roughly 85 million acres through the projection period,” USDA says.

Projections point to a decline in wheat plantings below 50 million acres, with steady U.S. demand and slowly rising exports but a decline in share of global wheat trade.

To read the entire report click here.

Source: AgriMarketing

ProAg Quick Links

Agent Toolbox Grower Toolbox Careers

ProAg News

2019 fall cover crop considerations

In our business, we have seen some excellent soil health and erosion benefits from cover crops and encourage growers to take a look at the rewards cover crops can provide. Whether you plan to interseed into a standing crop or wait to plant until after harvest, there are many options and variables to consider....

Dicamba Injury Study

Research has shown that soybeans entering the reproductive phase are most vulnerable to injury from dicamba. That reproductive time is now across the major production areas, according to the latest U.S. Department of Agriculture (USDA) Crop Progress and condition reports....

Bill would protect U.S. domestic food supply

U.S. Senators introduced bipartisan legislation to address the shortage of agricultural inspectors who protect our food supply and agricultural industries at the border. Agricultural inspectors work to prevent the intentional or unintentional entry of harmful plants, food, animals and goods into the United States....
Get ProAg updates via email
Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×