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Red River Farm Network
- Allendale Forecast September 3, 2010Allendale’s nationwide survey of farmers lowered the corn yield to 162.3 bushels per acre. That will push ending stocks down to the lowest level since October 2008. Allendale’s survey lowered the national average soybean yield to 43.2 bushels, keeping ending stocks the largest since the 2006/2007 marketing year. Allendale increased US wheat export demand, an […]
- Less Corn, More Soybeans September 3, 2010That’s the gist of Informa Economics’ latest crop production estimates. Informa pegs the corn crop just below 13.35 billion bushels, with an average yield at 164.8 bushels per acre. That’s down from last month’s 166 bushel yield estimate, which cuts production about 100 million bushels. Informa raised its soybean crop estimate 48 million bushels by boosting […]
- Economy Healing September 2, 2010Veteran economic forecaster Vince Malanga, president of LaSalle Economics, thinks the US economy may be improving. Malanga thinks personal consumption could be unleashed in the months ahead. “Interest rates have fallen an awful lot, mortgage rates are at record lows and housing sales are at record lows, as well. They can’t get any worse and the fundamentals […]
- Russia Extends Export Ban September 2, 2010Russian Prime Minister Vladimir Putin says Russia will extend its ban on grain exports until after next year’s harvest is done. Putin’s announcement, which caught many in the industry off guard, is a departure from the government’s previous statements, which said the length of the export ban would depend on the size of this fall’s crop. Putin said the decisi […]