Hopefully, farmers are balancing their books from the losses of last year.
February 3, 2014
By: Bloomberg
Corn extended (click here) its first monthly gain since August, climbing to the
highest level in seven weeks amid signs of rising demand for supplies
from the U.S., the world’s biggest grower.
U.S. exporters sold 110,000 metric tons to Spain for delivery by Aug. 31, the U.S. Department of Agriculture said Jan. 31. That followed the sale to Spain earlier last week of a consignment of the same amount and another for 150,000 tons reported on Jan. 24, as well as sales last week of 127,000 tons and 119,888 tons to unknown destinations. The agency is scheduled to report weekly export inspections today.
"Export activity for American origins remains very strong, as to date 86 percent of the target has been reached, compared to a five-year average of 63 percent at this stage," Paris- based farm adviser Agritel wrote. "It wouldn’t be a surprise to see the USDA review its target upward."
Corn for March delivery rose as much as 0.6 percent to $4.365 a bushel on the Chicago Board of Trade, the highest since Dec. 12, before trading at $4.36 by 7:06 a.m. Prices rose 2.8 percent in January. Futures trading volumes were about average for the past 100 days for this time of day, according to data compiled by Bloomberg....
Wyoming is considered the west, the Cowboy State. But, the drought of 2012 hit them hard. I would expect some better outcomes this year.
Barley had the next highest crop value in 2008, at $32 million followed by wheat at $31 million followed by corn for grainat $28 million.
Wyoming ranks 8th nationwide in barley production, 20th in Hay, and 33rd in wheat production.
The cattle industry is by far the largest component of Wyoming agriculture. Cattle led the way in 2008 in terms of value of production at $599 million dollars.
Wyoming sheep producers produced 3,124,299 pounds of wool in 2007. Wyoming is ranked 4th
The figure to the left is the January 28, 2014 Wyoming Drought Monitor.
U.S. exporters sold 110,000 metric tons to Spain for delivery by Aug. 31, the U.S. Department of Agriculture said Jan. 31. That followed the sale to Spain earlier last week of a consignment of the same amount and another for 150,000 tons reported on Jan. 24, as well as sales last week of 127,000 tons and 119,888 tons to unknown destinations. The agency is scheduled to report weekly export inspections today.
"Export activity for American origins remains very strong, as to date 86 percent of the target has been reached, compared to a five-year average of 63 percent at this stage," Paris- based farm adviser Agritel wrote. "It wouldn’t be a surprise to see the USDA review its target upward."
Corn for March delivery rose as much as 0.6 percent to $4.365 a bushel on the Chicago Board of Trade, the highest since Dec. 12, before trading at $4.36 by 7:06 a.m. Prices rose 2.8 percent in January. Futures trading volumes were about average for the past 100 days for this time of day, according to data compiled by Bloomberg....
Wyoming is considered the west, the Cowboy State. But, the drought of 2012 hit them hard. I would expect some better outcomes this year.
Barley had the next highest crop value in 2008, at $32 million followed by wheat at $31 million followed by corn for grainat $28 million.
Wyoming ranks 8th nationwide in barley production, 20th in Hay, and 33rd in wheat production.
The cattle industry is by far the largest component of Wyoming agriculture. Cattle led the way in 2008 in terms of value of production at $599 million dollars.
Wyoming sheep producers produced 3,124,299 pounds of wool in 2007. Wyoming is ranked 4th
in lambs and sheep. Wyoming inventory of sheep and lambs was 411,952 head. Ewes one year old and older was 258,096 in 2008
The figure to the left is the January 28, 2014 Wyoming Drought Monitor. 
