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Posts From John M. Riley, Extension Economist

Free Futures and Options Training Series

🕔15:53, 15.Oct 2012

Looking for more hands on training with price risk management tools? I’m looking for up to 8 producers (focus on those with some/all cotton production) to participate in a free futures trading educational experience. I will work closely with these

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September 2012 Supply and Demand Report Recap

🕔16:44, 12.Sep 2012

I quickly want to introduce Dr. Brian Williams. Brian recently joined the Mississippi State Extension Service as a commodity marketing specialist. He will be taking over the corn, soybean and wheat duties and contributed to this post. Brian can be

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August USDA Report Recaps

🕔09:44, 10.Aug 2012

[note: I have a prior obligation today. Here is a quick synopsis of the reports with more to come in later today or over the weekend] This morning USDA’s World Agricultural Outlook Board released their August estimates of U.S. and

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July Supply and Demand Report Shocker

🕔16:01, 11.Jul 2012

The World Agricultural Outlook Board of USDA released their monthly World Agricultural Supply and Demand Estimates report (WASDE) this morning, July 11.  The report revealed what most had feared, a much lower per acre yield than trend would suggest.  The

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2012 USDA Acreage Report

🕔08:57, 29.Jun 2012

(Correction to Mississippi cotton acreage change from March has been made) The much anticipated, and likely to be much debated, 2012 Acreage report from USDA  was released this morning (June 29). Nationally, the report bumped up the number of acres

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Farm Bill Passed By Senate

🕔16:12, 21.Jun 2012

The United States Senate passed the Agriculture Reform, Food and Jobs Act of 2012 (S.3240), which is their version of the 2012 Farm Bill. The House still has to take up their own version of a Farm Bill and, if/once passed,

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June Supply and Demand Report Recap

🕔17:15, 12.Jun 2012

The United States Department of Agriculture’s World Ag Outlook Board released their monthly supply and demand estimates report earlier this morning. The report was the second round of forecast for the current summer (new) crops, which is the 2012/13 marketing

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World Ag Supply and Demand Report Recap

🕔16:47, 10.May 2012

USDA released their monthly World Agricultural Supply and Demand Estimates report (WASDE) early this morning (May 10).  The report is the first to highlight the new -2012- crop.  The report revealed more corn and cotton available than analysts expected, while

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April Supply and Demand Report Recap

🕔16:12, 10.Apr 2012

USDA released their April World Agricultural Supply and Demand Estimates (WASDE) report this morning and inside was one unforeseen surprise. Corn carry-over (the amount we keep in bins and elevators from one year to the next) was unchanged from the March estimate

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Prospective Plantings Recap

🕔10:49, 30.Mar 2012

USDA released their annual Prospective Plantings report Friday morning (Mar 30).  The report reveled that corn is the big gainer in terms of acres planted this year versus last year.  Corn acres across the U.S. are expected to jump by

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Supply and Demand Report Recap

🕔16:47, 10.Mar 2012

USDA released their monthly World Agricultural Supply and Demand Estimates report on Friday (Mar 9). With respect to crops, the report continues to project production and use for the 2011/12 marketing year which encompasses the 2011 crop. Therefore, the United State’s production

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February Supply and Demand Report Summary

🕔17:55, 9.Feb 2012

USDA released their monthly World Agricultural Supply and Demand Estimates report early Thursday morning (Feb 9, 2012). The report states that current marketing year (2011/12) corn, soybean and wheat ending stocks are projected at 801, 275 and 845 million bushels,

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December Supply and Demand Report Recap

🕔16:09, 9.Dec 2011

USDA released it’s monthly projections for U.S. and global agricultural supply and use this morning. According to the market reaction the report was most shocking for soybeans. Both crushings and export use are forecast at 1.625 and 1.3 billion bushels

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October Supply and Demand Report Recap

🕔14:15, 13.Oct 2011

USDA released their monthly Crop Production and World Agricultural Supply and Demand Estimates report yesterday morning (Wednesday, Oct. 12). The report was not a big surprise to any crop, but could be viewed as slightly bearish for corn, cotton, and

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Supply and Demand Report Recap

🕔21:59, 11.Aug 2011

Cotton acreage and yield were projected higher in this month’s World Agricultural Supply and Demand Estimates (WASDE) report released this morning by USDA’s World Agricultural Outlook Board.  The increase resulted from field data as opposed to surveys or trend analysis based on

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Supply and Demand Report Recap

🕔16:39, 12.Jul 2011

USDA released it’s monthly World Agricultural Supply and Demand Estimates (WASDE) report this morning – roughly two weeks since sending shock waves through the markets with their June 30 Acreage and Grain Stocks report.  The WASDE report was expected to

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June Acreage Report **Corrected**

🕔08:11, 1.Jul 2011

by John Michael Riley (MSU Ag Economics) and John Anderson (American Farm Bureau) Yesterday morning, USDA released the results of their annual planted acreage survey, and the results took the market by surprise.  Soybean acres were predicted to be 76.53

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Supply and Demand Report Recap

🕔16:52, 10.Jun 2011

On Thursday the United States Department of Agriculture released its monthly World Agricultural Supply and Demand report (WASDE).  The June report was the second that revealed projections regarding the current growing season for crops.  The report continued the ongoing theme

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Market Update

🕔11:05, 20.May 2011

Commodity markets remain in a very volatile state – especially based on events over the past two weeks.  The event that hits closest to home is the flooding.  From a national perspective the planting delays for corn across the Midwest

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Market Update

🕔09:12, 6.May 2011

As concerns mount about the potential damage to Mississippi crops from the flooding of the Mississippi River and its tributaries, many are left with more questions than answers.  For those with crop insurance we are being told to remain in contact with

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World Agricultural Supply and Demand Report Recap

🕔10:35, 8.Apr 2011

USDA released its monthly World Agricultural Supply and Demand Estimates (WASDE) report earlier this morning (Friday, April 8).  The report revealed few changes for grains as soybeans and corn had no wholesale changes to their balance sheets.  Rice and wheat

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Prospective Plantings and Grain Stocks Recap

🕔09:15, 1.Apr 2011

USDA released their annual Prospective Plantings report and their quarterly Grain Stocks report yesterday morning. Both reports are key information pieces for grain, oilseed and cotton prices at this point in the year. The Prospective Plantings report provided few tangible surprises as most acreage numbers reported were in-line with pre-report expectations.

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March Ag Supply and Demand Report Recap

🕔18:12, 10.Mar 2011

USDA released it’s March World Agricultural Supply and Demand Estimates (WASDE) report this morning.  At this time in the marketing year few wholesale changes are typically seen in the report for U.S. summer crop production and use.  This came to

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