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Nebraska Crop Values Rise 22% for 2020

Nebraska Crop Values Rise 22% for 2020
The value of Nebraska’s 2020 field and miscellaneous crops is forecast at $11.9 billion, according to the USDA’s National Agricultural Statistics Service. This is up 22% from 2019.
 
The value of corn production is expected to total $7.61 billion, up 21% from the previous marketing year. Nebraska’s corn price is projected to average $4.25 per bushel, up $0.73 from the last marketing year.
 
The value of soybean production is expected to total $3.18 billion, up 36% from the previous marketing year. Nebraska’s soybean price is projected to average $10.80 per bushel, up $2.53 from the last marketing year.
 
Access the national publication for this release at USDA’S online library.
 
Find agricultural statistics for your county, state and nation on the USDA NASS site.
Source : unl.edu

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There were no big surprises in the USDA June report as it historically is not a market moving report, but U.S. HRW production was lowered by 18 million bushels. The June USDA crop report was neutral- higher global stocks & South American production offset lower U.S. wheat and higher U.S. corn exports.
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