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USDA February Report Highlights

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Corn Concerns
March corn finished the Report day session 2’2 at 374’2 and December down 1’0 at 399’2.  For all the data the USDA offered the market, there really wasn’t much that changed or much to really get excited about.  Corn had a truly “mixed bag” of reports.  On the supply side of the balance sheet is Crop Production.  To no surprise, the corn yield was lowered, however, it did go well below what the average trade was estimating. 

At face value, this is typically a bullish scenario corn, but the market closed lower while soybeans managed to post a higher close on a mostly bearish, but expected, series of reports. 

Dropping below the average trade estimate and last year’s record, the national average yield came in at 176.4 bushels per acre.  This lowered production by 205.875 million bushels from the November estimate. 

Of theTop-14 producing states, North Dakota was the only to see yields rise from the November estimate while Michigan was cut by 13 bushels/ac or 18.58 million bushels. 


**To find the complete article with accompanying images/charts, follow the link:



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About the author

Brian is a marketing strategist with Zaner Ag Hedge Group.  He grew up in Linton, North Dakota; born in 1988 and raised on the family farm.  He attended North Dakota State University and graduated in 2010 with a degree in Agricultural Economics with a focus on commodity marketing as well as a minor in Crop and Weed Science.  After graduating he returned to the family farm for the next five years before pursuing a career in commodity marketing.  Brian works with grain and livestock producers and end users of all sizes across the United States helping them develop risk management strategies. As a former producer who hedged through Zaner, Brian brings a unique perspective with vast experience on the client side of this industry. 

Feel free to visit with Brian about any marketing needs or thoughts at (312) 277-0119, or follow him on twitter @AgHedgeGrossman


Brian Grossman

Market Strategist

Zaner Group, Ag Hedging

(312) 277-0119 -- Direct Line


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