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New USDA Harvest Projections Down from 2018

Based on November 1 conditions, Nebraska's 2019 corn crop is forecast at 1.77 billion bushels, down 1% from last year's production, according to the USDA's National Agricultural Statistics Service. Area to be harvested for grain, at 9.75 million acres, is up 5% from a year ago. Yield is forecast at 182 bushels per acre,
down 10 bushels from last year.
 
Soybean production is forecast at 282 million bushels, down 13% from last year. Area for harvest, at 4.95 million acres, is 11% below 2018. Yield is forecast at 57 bushels per acre, down 1 bushel from last year.
 
Sorghum production is forecast at 13.7 million bushels, down 14% from last year. Area for harvest, at 140,000 acres, is 18% below 2018. Yield is forecast at 98 bushels per acre, up 4 bushels from last year.
 
Sugarbeet production is forecast at 1.21 million tons, down 14% from last year. Area for harvest, at 43,600 acres, is down 1% from 2018. Yield is forecast at 27.8 tons per acre, down 4.1 tons from last year.
 
Potato acres of 20,000 were planted in 2019, up 3% from last year. Harvested acreage set at 19,700 acres, is up 2% from last year. Production is forecast at 9.26 million cwt, down slightly from last year. Yield is forecast at 470 cwt per acre, down 10 cwt from last year.
 
Source : unl.edu

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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.