what the USDA Crop Report means to North Dakota - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

what the USDA Crop Report means to North Dakota

Posted:

It's a big player in deciding if the markets go up or down.
The March 31st crop report released by the USDA can cause some major shakeups in the market.

One of the largest crop reports of the year is released.
And the biggest surprise of all ..is the lack of surprises...
(Eugene Graner / Heartland Investor Services) "For a crop report that is a big as this one is every year, it really was somewhat subdued." 
The only stand out is corn.
Acres are expected to be down 4% nationwide, which could push prices up.
(Eugene Graner / Heartland Investor Services) "The biggest standout is that USDA has consistently undercounted the ability for this crop to be sold and used. It has been tough winter. Cattle have been going through a lot of groceries and our exports have always been ahead of schedule because corn is 1/2 price of where it was last year. "
Sunflower acres are expected to rise 1% from last year.
John Sandbakken with the National Sunflower Association says he was hoping more acres in 2014 would be planted to sunflowers.
He expects the lower estimate to keep the market strong. 
(John Sandbakken / NSA Executive Director) "Stocks are down 33% from last year at this time. So that should keep old crop prices really firm and keep the plants going after new acres in 2014." 
As many expected soybean acres are expected up be up 6% nationwide.
That would be an all time record high at 81.5 million acres.
North Dakota acres are expected to be up 122% from last year, with a total of 5.65 million acres.

Estimates for wheat acres remained nearly unchanged, down only 1% from last year at 55.8 million acres.

 

  • AgricultureMore>>

  • Farmers Market Growers Stay Busy

    Farmers Market Growers Stay Busy

    Thursday, July 24 2014 12:27 PM EDT2014-07-24 16:27:56 GMT
    Many of you are bypassing the produce aisle and heading straight for the market.Ag Reporter Sarah Heinrich visits with some local farmers about this year's season.A rainy start to the day...isn't enough to keep shoppers away.Even if not all the crops are ready for picking.(Pam Anderson / Grower) "We've had an increase in membership for vendors. But nobody's stuff is ready because of the cold, cold June. once the cucumbers kick in. The green beans haven't quite kicked in yet, the tomatoes, the...
    Many of you are bypassing the produce aisle and heading straight for the market.Ag Reporter Sarah Heinrich visits with some local farmers about this year's season.A rainy start to the day...isn't enough to keep shoppers away.Even if not all the crops are ready for picking.(Pam Anderson / Grower) "We've had an increase in membership for vendors. But nobody's stuff is ready because of the cold, cold June. once the cucumbers kick in. The green beans haven't quite kicked in yet, the tomatoes, the...
  • Ranchers Pay Checks Drive Equipment Sales

    Ranchers Pay Checks Drive Equipment Sales

    Tuesday, July 22 2014 1:58 PM EDT2014-07-22 17:58:29 GMT
    Record high cattle prices aren't just good news for ranchers, but for those also selling the equipment needed to raise those high dollar animals. Ag Reporter Sarah Heinrich takes you to the State Fair for the story.Layne Ankenbauer/ Equipment Picker) "We just sold a baler here this morning."Ranchers getting paid...means it's also pay day for equipment dealers.Layne Ankenbauer is the owner of Equipment Picker in Kenmare.He says trailer sales have been hot, as well as post hole pounders.(Layne ...
    Record high cattle prices aren't just good news for ranchers, but for those also selling the equipment needed to raise those high dollar animals. Ag Reporter Sarah Heinrich takes you to the State Fair for the story.Layne Ankenbauer/ Equipment Picker) "We just sold a baler here this morning."Ranchers getting paid...means it's also pay day for equipment dealers.Layne Ankenbauer is the owner of Equipment Picker in Kenmare.He says trailer sales have been hot, as well as post hole pounders.(Layne ...
  • Land Enhancement Grants

    Land Enhancement Grants

Quick Clicks
Closings/Delays
View list
Calendar
What's happening?
Lottery Results
Feeling lucky?
Viewer Photos
Submit yours!
Road Report
Current conditions
TV Listings
See what's on
Gas Prices
Check near you
E-Mail Newsletter
Signup now

Most Popular

Stories
Videos
loading...
Powered by WorldNow
General information or questions:
kxinfo@kxnet.com

News:
Bismarck:
Phone: 701-223-9197
News Fax: 701-223-1985

News:
Minot:
Phone: 701-852-2104
News Fax: 701-838-1050
All content © Copyright 2000 - 2014 WorldNow and KXNET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.