The USDA’s National Agricultural Statistics Service will release several key agriculture reports in November, including a monthly crop supply and demand report that wasn’t issued last month because of the government shutdown.
According to a post on its website, NASS will release the crop production and world ag supply and demand estimates on November 14.
Reuters said the report had been scheduled for November 10 and will provide the government’s first estimate of U.S. corn and soybean production since September, when most of the Midwestern harvest hadn’t begun.
Multiple social media posts by U.S. farmers have said that the USDA’s yield forecast was much too high.
According to Arlan Suderman, Chief Commodities Economist at StoneX- “It will be good to see USDA’s official production estimates at the end of next week. It will leave us vulnerable to a big correction if its estimates vary notably from the private estimates guiding the market currently, but USDA’s numbers will be what the market trades.”
The USDA’s monthly cattle on feed report will be released as scheduled on November 21, after the October report didn’t take place.
