• Skip to primary navigation
  • Skip to main content
Texas and Southwestern Cattle Raisers Association

Texas and Southwestern Cattle Raisers Association

To Honor and Protect the Ranching Way of Life

  • Home
  • Who We Are
    • Why Join
    • Leadership
    • Staff
    • TSCRA Partners
    • FAQs
    • Newsroom
    • Sponsorships
    • Employment
  • What We Do
    • Theft and Law
    • Issues and Policy
    • Education
    • Young Cattle Raisers
    • The Cattleman Magazine
    • Disaster Relief Fund
    • Cattle Raisers Insurance
    • Cattle Raisers Trading Co
    • Students and Youth
  • Events
    • Cattle Raisers Convention
    • Summer Meeting
    • Policy Conference
    • Ranch Gatherings
    • Ranching 101
  • Join
  • Member Center
  • TSCRA Store
  • Show Search
Hide Search

USDA projections of crop prices

The USDA released their Grains and Oilseeds Outlook for 2018 at the 94th Annual Agricultural Outlook Forum in Arlington, Virginia, this week. Among the 3 major crops, for U.S. producers corn and soybean prices are similar to a year ago, despite relatively large stocks of both commodities. In contrast, spring wheat prices are higher  relative to 2017. While domestic use of corn is expected to increase driven mostly by expansion in the ethanol sector, U.S. corn exports are expected to face strong competition from Argentina, Brazil, and Ukraine. For wheat, continued large global supplies will maintain strong export competition. Soybean carryin stocks are the highest since 2007/08, but expected growth in exports driven mainly by China results in lower forecast 2018/19 ending stocks in both absolute terms and relative to use. Season-average corn prices received by producers are expected to reach $3.40 per bushel, up 10 cents from the 2017/18 forecast. Soybean prices are expected to decline slightly to $9.25 per bushel while wheat prices are expected to rise to $4.70, up 10 cents per bushel from 2017/18. Read more…

Written by:
kristin
Published on:
March 1, 2018

Categories: General, The Cattleman Now

Recent Posts

2023 Cattle Raisers Roundup attendees announced by Texas & Southwestern Cattle Raisers Association

June 2, 2023

Texas & Southwestern Cattle Raisers Association (TSCRA) selected 24 young beef industry leaders …

Continue Reading about 2023 Cattle Raisers Roundup attendees announced by Texas & Southwestern Cattle Raisers Association

Texas direct hay report for June 2

June 2, 2023

Compared to the last report: Hay prices continue to remain firm in all regions. First cutting of …

Continue Reading about Texas direct hay report for June 2

Texas, Oklahoma weekly livestock auction summaries for June 2

June 2, 2023

Texas Compared to last week: Feeder steers and heifers sold mostly steady to 5.00 higher. Trade …

Continue Reading about Texas, Oklahoma weekly livestock auction summaries for June 2

Footer

Who We Are

Why Join
Leadership
Staff
TSCRA Partners
FAQs
Newsroom
Sponsorships
Employment

What We Do

Theft and Law
Issues and Policy
Education
Young Cattle Raisers
The Cattleman Magazine
Cattle Raisers Insurance
Cattle Raisers Trading Co.
Texas and Southwestern Cattle Raisers Association

Information

Cattle Raisers Blog
News Releases
Bereavements
Events
Media Kit
Tip Hotline
Get Involved
Links

Membership

Membership Center
Membership Center Instructions
Join
Renew
  • Email
  • Facebook
  • Instagram
  • Twitter
  • YouTube

PO BOX 101988
FORT WORTH, TX 76185

1-800-242-7820

© 2023 Texas & Southwestern Cattle Raisers Association; All Rights Reserved.

COPYRIGHT | PRIVACY POLICY | TERMS OF USE