{"id":2400,"date":"2013-05-16T17:58:53","date_gmt":"2013-05-16T17:58:53","guid":{"rendered":"https:\/\/grains.org\/ltamex\/good-news-cautious-optimism-from-usda-on-2013-crop\/"},"modified":"2013-05-16T17:58:53","modified_gmt":"2013-05-16T17:58:53","slug":"good-news-cautious-optimism-from-usda-on-2013-crop","status":"publish","type":"post","link":"https:\/\/grains.org\/ltamex\/good-news-cautious-optimism-from-usda-on-2013-crop\/","title":{"rendered":"Good News, Cautious Optimism from USDA on 2013 Crop"},"content":{"rendered":"<p>The U.S. Department of Agriculture (USDA) released its May 2013 World Agricultural Supply and Demand Estimates (WASDE) last week. This is the first WASDE to provide official USDA supply-demand estimates for the 2013\/14 crop. The estimates will be updated monthly. Here are some key messaging points from a U.S. Grains Council perspective:<\/p>\n<p><strong>Corn:<\/strong><\/p>\n<ul>\n<li>Record Corn Harvest Projected for 2013: USDA projects a record U.S. corn harvest of 359 million metric tons for 2013, up 31 percent from 2012&#8217;s drought impacted harvest of 274 million tons.<\/li>\n<li>U.S.2013\/14 corn exports projected at 1.3 million bushels, up 74 percent from 2012\/13.<\/li>\n<li>Yield: Due to the drought, U.S. corn yield in 2012 averaged 123.4 bushels\/acre. At the Agricultural Outlook Conference in February, USDA&#8217;s initial estimate for 2013 projected a recovery to 163.5 bushels\/acre. The May WASDE reduces the 2013 estimate by 5.6 bushels\/acre, to 158 bushels\/acres, to reflect the impact of delayed planting due to cold, wet weather across much of the corn belt. Area planted for 2013\/14, however, remains high at 97.3 million acres, up marginally from 97.2 million acres estimated for 2012\/13.<\/li>\n<li>Average corn price ($\/bushel) in 2013\/14 is projected at $4.30-5.10, down from $6.70-7.10 in 2012\/13.<\/li>\n<li><strong>There will be ample U.S. corn available for export at a moderate price. From the Council and our members&#8217; perspective, we will be looking for an even greater rebound in exports than projected by USDA.<\/strong><\/li>\n<li>On current projections, however, U.S. export potential continues to be constrained by strong production elsewhere.\n<ul>\n<li>For 2013.14, WASDE projects a rebound throughout the northern hemisphere, with China posting modest gains (208 million tons in 2012\/13 up to 212 million tons in 2013\/14) and major gains in Ukraine (increase from 20.9 million tons to 26 million tons) and the EU-27 (increase from 57 million tons to 64 million tons).<\/li>\n<li>Production in Argentina is projected as stable (26.5 million tons to 27 million tons), while production in Brazil is projected to decline slightly (76 million tons to 72 million tons).<\/li>\n<li>Total non-U.S. production is projected to increase from 583 million tons to 606 million tons, up 4 percent.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Sorghum<\/strong>:<\/p>\n<ul>\n<li>WASDE projects an even greater rebound in sorghum production, up from 247 million bushels in 2012\/13 to 425 million bushels in 2013\/14, an increase of 72 percent. Texas sorghum is projecting a huge crop due to problems with cotton planting this spring, again if the weather cooperates during the growing season.<br \/>&nbsp;<\/li>\n<li>Sorghum exports are projected to increase 53 percent, from 247 to 425 million bushels.<\/li>\n<\/ul>\n<p><strong>Barley:<\/strong><\/p>\n<ul>\n<li>Barley production is projected as level at 220 million bushels, with exports projected to grow slightly from nine to ten million bushels.<\/li>\n<\/ul>\n<p><strong>Two Cautions:<\/strong><\/p>\n<ul>\n<li>Most of the U.S. corn crop is not yet in the ground. Planting has been delayed due to a cold, wet spring. The weather picture is improving; this week (May 13-17) should see a large portion of the crop going into the ground. Further delays in planting will lead to increased soybean acreage at the expense of corn.<strong> It is important that the weather cooperate <span style=\"text-decoration: underline;\">throughout<\/span> this growing season due to last year&#8217;s drought<\/strong>.<br \/>&nbsp;<\/li>\n<li>At this time last year, USDA was also projecting a record crop. Planting conditions had been near ideal, and record acreage had been planted. The drought had not yet begun.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Department of Agriculture (USDA) released its May 2013 World Agricultural Supply and Demand Estimates (WASDE) last week. This is the first WASDE to provide official USDA supply-demand estimates for the 2013\/14 crop. The estimates will be updated monthly. Here are some key messaging points from a U.S. Grains Council perspective: Corn: Record Corn &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/grains.org\/ltamex\/good-news-cautious-optimism-from-usda-on-2013-crop\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Good News, Cautious Optimism from USDA on 2013 Crop&#8221;<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[],"tags":[],"commodity":[15,12,14],"country":[],"region":[],"topic":[],"class_list":["post-2400","post","type-post","status-publish","format-standard","hentry","commodity-barley","commodity-corn","commodity-sorghum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Good News, Cautious Optimism from USDA on 2013 Crop - Am\u00e9rica Latina<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grains.org\/ltamex\/good-news-cautious-optimism-from-usda-on-2013-crop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Good News, Cautious Optimism from USDA on 2013 Crop - Am\u00e9rica Latina\" \/>\n<meta property=\"og:description\" content=\"The U.S. Department of Agriculture (USDA) released its May 2013 World Agricultural Supply and Demand Estimates (WASDE) last week. 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This is the first WASDE to provide official USDA supply-demand estimates for the 2013\/14 crop. The estimates will be updated monthly. 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