Wautoma, WI
Current Conditions
0:56 AM CDT
Clear
Temperature
45°F
Dew Point
42°F
Humidity
89%
Wind
NNW at 3 mph
Barometer
30.19 in. F
Visibility
10.00 mi.
Sunrise
06:36 a.m.
Sunset
07:07 p.m.
Evening Forecast (7:00pm-Midnight)
Temperatures will range from 58 to 46 degrees with clear skies. Winds will range between 8 and 12 miles per hour from the northwest. No precipitation is expected.
7-Day Forecast
Monday
58°F / 38°F
Clear
Tuesday
63°F / 38°F
Sunny
Wednesday
69°F / 43°F
Partly Cloudy
Thursday
59°F / 44°F
Mostly Cloudy
Friday
70°F / 46°F
Mostly Cloudy
Saturday
68°F / 52°F
Light Rain
Sunday
68°F / 47°F
Sunny
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Monday...Temperatures will range from a high of 58 to a low of 38 degrees with clear skies. Winds will range between 7 and 12 miles per hour from the northwest. No precipitation is expected.
Overnight ...Temperatures will range from 44 to 39 degrees with clear skies. Winds will remain steady around 8 miles per hour from the north. No precipitation is expected.
Tuesday...Temperatures will range from a high of 63 to a low of 38 degrees with clear skies. Winds will range between 6 and 7 miles per hour from the westsouthwest. No precipitation is expected.

April report forecasts tight corn and soybean supply

April 18, 2013 | 0 comments

The April World Agricultural Supply and Demand Estimates report released by the Agriculture Department forecast tight corn and soybean stocks for the U.S., confirming the ongoing impact of the extensive drought of 2012, according to analysis by the American Farm Bureau Federation.

This month's WASDE report estimated an increase in 2012-13 corn ending stocks; however, the increase was not as drastic as predicted in the March stocks report.

AFBF economist Todd Davis said the stocks report found 400 million bushels more than the pre-stocks report forecast. The WASDE report showed ending stocks at 757 million bushels, up only 125 million bushels from the March estimate.

Although the projected corn stocks are up slightly from the March projection the stocks-to-use ratio is still straggling, at 6.8 percent.

"There is not a large buffer of corn available to withstand weather or other production related problems for this year's crop," said Davis. "Planting will start in the Midwest in the next few weeks, and the latest report, if realized, shows ending stocks to be the smallest since 1995-96."

The USDA reduced feed and residual use by 150 million bushels but increased the corn for ethanol demand by 50 million bushels to 4.55 billion bushels. Davis said an expected element of the report is the decrease in export use.

"USDA lowered export use predictions by 25 million bushels to 800 million. That is a 48-percent decrease from the 2011-12 marketing year, and if realized, would be the lowest corn export since 1971-72," said Davis. "This is a reflection of our already elevated corn prices."

While corn showed an increase in ending stocks, the report left soybean ending stocks unchanged from the March estimate of 125 million bushels, despite the pre-reports indicating a slight increase. The stocks-to-use ratio for soybeans is tighter than corn at 4.1 percent, and there is approximately 15 days of soybean supply on hand on Sept. 1.

Davis said wheat, corn and soybean world ending stocks increased from the March estimates.

"The majority of world wheat and corn increases will come from China," said Davis. "The increase in the world soybean crop will come from South America. Both Brazil and Argentina rebounded from drought and are expected to handle much of the world demand until the U.S. can harvest and become competitive again."

The May WASDE report will be released May 10 and will provide the first supply and demand projections for the 2013 crop.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Page Tools

Search

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement