The USDA released its August World Agricultural Supply and Demand Estimates (WASDE) report on Friday.

The report forecast record corn (178.4 bushels per acre) and soybean (51.6) yields for the U.S.

"If you look at crop sizes, the crop this year for corn in the United States is about the same as last year. Soybeans were record at a new all-time high of 4.5 billion bushels, that pretty much set the tone for the day," said Dan Basse, president of Ag Resource Company in Chicago.

He noted the report left Canada's wheat crop at 30.5 million metric tonnes.

The Russian wheat crop was raised a million metric tonnes, while world wheat stocks were down about 2 million metric tonnes.

Basse says there was no real increase in U.S. export demand.

 

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

More Ag News

Tight Supply Of Milling Oats Creating Market Upswing

There could be a lot more oats grown in western Canada next year. That according to John Duvenaud, publisher of the Wild Oats Grain Market Advisory. "The bulk of the oats are grown in Saskatchewan,…

(VIDEO) World Record Set For Hand Threshing Wheat

A world record was set at the Farming Smarter Conference in Lethbridge on Wednesday, December 12. People crowded around a row of tables to hand thresh wheat, separating the grain from the chaff.…

New Grain Elevator Going Up Near Morinville

G3 Canada has announced they're building a grain elevator a couple kilometres west of Morinville, north of Edmonton. Construction is expected to start shortly, and is planned to be done in 2020. Like…

Changing The Conversation Around Food And Farming

A Horticulture Professor at the University of Florida says intellectual charity is how the agriculture industry is going to build consumer trust. Kevin Folta, who's a well-known advocate for…

CFA Welcomes Senate Committee's Report On Climate Change

In a report released Tuesday, the Senate Committee on Agriculture and Forestry says the federal government must protect Canada’s agriculture and forestry sectors from rising costs associated with the…

Canadian Meat Council Disputes Food Price Report Findings

The Canadian Meat Council (CMC) says the 2019 Canada Food Price Report, released last week, makes assumptions that the cost of meat is set to fall because Canadians are adopting plant-based diets.…

USDA Releases 'Vanilla' December WASDE Report

'Vanilla' is the term being used to describe the United States Department of Agriculture's (USDA) December World Agricultural Supply and Demand Estimates (WASDE) Report. That from Dan Basse,…

Agronomist Warns Farmers About The Spread Of Clubroot

Clubroot is often viewed as a Central Alberta problem, but the canola disease is spreading. The Canola Council of Canada says the disease leads to swollen, deformed plant roots that restrict water…

Fall Cattle Run Winding Down

The fall cattle run is slowly coming to a close. Brian Perillat is a senior analyst with Canfax. "Certainly volumes have eased up quite a bit, maybe half of where they were in the peak run. The last…

Alberta Beef Producers Wants To Hear From You

Alberta Beef Producers (ABP) is keeping their chin up after the results of the recent plebiscite. Producers voted to keep their check-off refundable, which the Association was hoping would change to…

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

Login