The USDA has released its February World Agricultural Supply and Demand Estimates (WASDE) Report.

Projected 2017/18 U.S. wheat ending stocks were raised this month by 20 million bushels, as higher food use is more than offset by lower exports, while export forecasts for several major competitors are increased.

Global 2017/18 wheat supplies increased, primarily on higher production forecasts for Argentina and Ukraine.

World 2017/18 trade is raised this month as higher exports from Russia, Argentina, and Canada more than offset reduced exports from the EU and the United States. Projected imports are increased for Indonesia and several African countries while reduced for India, the EU, Iran, Brazil, and Mexico.

Projected global ending stocks are 1.9 million tons lower this month at 266.1 million but remain significantly higher than a year ago.

This month’s 2017/18 U.S. corn outlook is for increased exports and reduced stocks. Exports are raised 125 million bushels, reflecting U.S. price competitiveness and reduced exports for Argentina and Ukraine. With no other use changes, U.S. corn ending stocks are lowered 125 million bushels from last month.

Global corn production is lowered 2.8 million tons largely reflecting reductions for Argentina and Ukraine.

Global corn ending stocks, at 203.1 million tons, are down 3.5 million from last month.

This month’s 2017/18 U.S. soybean outlook is for reduced exports and increased ending stocks. Soybean exports for 2017/18 are projected at 2,100 million bushels, down 60 million from last month, reflecting shipments and sales through January and increased export competition on larger supplies in Brazil. With soybean crush unchanged, soybean ending stocks are raised 60 million bushels to 530 million.

Global oilseed production for 2017/18 is projected at 578.6 million tons, down 1.5 million with lower soybean production partly offset by higher cottonseed. Soybean production is reduced 1.7 million tons to 346.9 million. Soybean production for Brazil is projected at 112.0 million tons, up 2.0 million, as favorable weather throughout the growing season has raised yield prospects. Argentina production is reduced 2.0 million tons to 54.0 million on lower harvested area and reduced yields resulting from periods of unseasonable warmth and dryness.

 

Send your news tips, story ideas and comments to [email protected]

More Ag News

Second PED Case Confirmed

Alberta Pork has reported a second confirmed case of the porcine epidemic diarrhea (PED) virus in Alberta. This disease which causes diarrhea and vomiting in pigs was confirmed for the first time in…

CFIA Publishes Amendments To Health Of Animals Regulations On Animal Transportation

On Wednesday, the Canadian Food Inspection Agency (CFIA) published amendments to the Health of Animals Regulations on animal transportation. The overall objective is that animals arrive at their…

Canadian Animal Transportation Regulations Updated

On Wednesday, the Canadian Food Inspection Agency (CFIA) published amendments to the Health of Animals Regulations on animal transportation. The overall objective is that animals arrive at their…

Considerations When Shopping For Your Next Bull

Beef producers are looking for their new herd sires this time of year. Beef Cattle Research Council (BCRC) Research and Innovation Coordinator, Stacey Domolewski, says there's no one type of bull…

Canadian Government Invests In Animal Welfare

On Tuesday, Agriculture and Agri-Food Minister Lawrence MacAulay announced an investment of up to $4.56 million to the Canadian Animal Health Coalition. The investment was made on behalf of the…

Corteva Agriscience Acquires Clearfield Canola In Canada And U.S.

Corteva Agriscience, Agriculture Division of DowDuPont, announced that it has acquired the Clearfield Canola Production System in Canada and the United States from BASF. Clearfield canola is a…

Cattle Nutrition Top Of Mind For Producers This Time Of Year

Local farmers gathered at Cattlemen's Corner in Nanton on Tuesday, February 19 for a Cattle Nutrition Talk. Ridley Block Operations Director of Research and Nutrition Services, Mark Robbins, spoke at…

Fourth Generation Rancher Runs For NDP In Livingstone-Macleod

The NDP has their candidate for the Livingstone-Macleod Riding, and it's not the usual candidate they normally run here. M.D. of Ranchland Reeve Cam Gardner has tossed his hat into the ring for the…

Reframing The Conversation Around Antibiotics

Farmers need to reframe the conversation on the use of antibiotics in animal agriculture. That from Dr. Leah Dorman with Phibro Animal Health. "I think it's important because there is a lot of…

UCP Plans To Repeal Bill 6 If Elected

Over the weekend, United Conservative Party Leader Jason Kenney said if elected they'll repeal Bill 6. The farm safety legislation enacted in 2016 under the NDP government would end with the UCP's…

CochraneNow.com is Cochrane's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login