Bullish usda report _ farm forum

01/17/17 — The USDA report on Jan. 1 care data recovery software 12 held some bullish surprises, particularly in soybeans where USDA reduced the yield to 52.1 bu/acre, down 0.4 bu/acre from last month which resulted in 54 mb lower production. Database user interface That all went to the bottom line as carryout was reduced 60 mb to 420 mb. Data recovery jaipur Corn production also was lowered 78 mb on lower yields (174.6 vs. Database platforms 175.3 last month) and lower planted/harvested acreage. Data recovery group Corn ending stocks were lowered 48 mb from last month to 2.355 bb.

There were no changes in Brazil or Argentina corn/bean production except for a hike in Brazil soybeans of 2 mmt to 104 mmt due to the good weather they have been having. Database xls U.S. C database library winter wheat planted acreage was also bullish, with 1.8 million acres less than projected at 32.4 million acres, a full 3.7 million lower than last year’s 36.1 million. 510 k database Basically that is another 10 percent cut in acreage in 2017, just like 2016 for back to back 10 percent cuts in acreage. How to become a database administrator That is what pushed wheat prices higher the day of the report, especially winter wheat varieties in KC and CBOT.

South American (SAM) weather forecasts have shifted to a much drier forecast for Argentina for the next seven days, with little precip to fall in that time period. Database xml Brazil will have normal precip, with generous amounts falling during this time period which is quite different than the Argentine forecast.

Database terminology The 8-14 day forecast returns precip to the Argentine forecast, though, with just slightly below normal precip forecast for that period. Database theory Brazil retains the wet forecast for the entire 14-day period. Database 1 to 1 relationship Temps will push even more above normal in Argentina during this seven-day dry period, but Brazil temps will be normal to below normal so there is little threat there.

Soybeans are following through on strength generated from the USDA report, where USDA reduced the yield to 52.1 bu/acre, down 0.4 bu/acre from last month which resulted in 54 mb lower production. Database testing That was s surprise as traders anticipated an increase in soybean production. Database graph That seems to have propelled soybeans higher, as the question once again comes up about adequate soybean supplies. Database naming conventions Even though USDA projected 480 mb just a few months ago, now we are down to 420 mb in the Jan. Database entity report. Database developer Are we going to continue to be surprised by the size of Chinese imports, and once again have a situation where China buys all U.S. Data recovery plan stocks of soybeans (like they did last year). Data recovery kansas city It seems that China has the ability to import whatever the U.S. N k database produces. Data recovery 2016 But maybe that will be tested with our large yield of 52.1 bu/acre this year.

With the last bearish news from 2016 on the market in the Jan. 510 k database fda USDA report, it’s time to raise our objectives for buying back corn and soybean hedges as well as spec purchases of wheat, which is now in an established uptrend (especially Minneapolis wheat).

In fact, all the grains trends have turned back to higher after this report, so we now finally have the bearish 2016 news behind us with the record large crops. Database programmer Now we note that demand, especially export demand, has been particularly strong so far in 2016, and since prices are relatively cheap the rest of the world seems to still be interested in importing U.S. Data recovery osx grain. Database integrity So our demand seems relatively strong.

For 2017, with soybeans the only major grain showing a profit at current costs and prices, it’s likely acreage will be up sharply in 2017. Database backup The only question is how much acreage will be up. Hollywood u database Will it be 2 million acres as USDA projected in November, or will it be 4 million acres which many private estimates are at right now, or will it be 6 million acres (more than many expect)?

One thing is certain – we will not be projecting record large yields for 2017. Data recovery ipad Instead, we typically start with trend yields which are considerably lower than 2016 yields (especially for soybeans). Database vs server So the supplies may not be nearly as big as 2016, and depending on the weather, we have a 50 percent chance of having a below ‘trend’ yield in 2017. Database is in transition So all possibilities remain for 2017.

While prices don’t have to move sharply higher anytime soon as we won’t run out of supplies in 2016/17, prices look like they want to trend higher. Data recovery ios And as we get closer to spring and focus more on the 2017 year, prices can start moving a lot more than they are right now as more possibilities open up with a new production year. Database data types So finally things are turning more to the bright side in grain farming, and as the uptrends continue, optimism should grow.