USDA's 94th annual Ag Outlook Conference going on this week, so Iowa Secretary of Ag Bill Northey joins The Big Show to do a little looking ahead to the upcoming crop growing season:
As for the USDA predictions, here are the numbers:
USDA PROJECTS 2018/19 CORN CROP AT 14.390 BLN BUSHELS VS 14.604 BLN IN 2017
USDA PROJECTS 2018/19 CORN YIELD AT 174.0 BUSHELS/ACRE VS 176.6 IN 2017
USDA PROJECTS 2018/19 CORN ENDING STOCKS AT 2.272 BLN BUSHELS VS 2.352 BLN IN 2017
USDA PROJECTS 2018/19 WHEAT CROP AT 1.839 BLN BUSHELS VS 1.741 BLN IN 2017
USDA PROJECTS 2018/19 WHEAT ENDING STOCKS AT 931 MLN BUSHELS VS 1.009 BLN IN 2017
USDA PROJECTS 2018/19 SOYBEAN CROP AT 4.320 BLN BUSHELS VS 4.392 BLN IN 2017
USDA PROJECTS 2018/19 SOYBEAN YIELD AT 48.5 BUSHELS/ACRE VS 49.1 IN 2017
USDA PROJECTS 2018/19 SOYBEAN ENDING STOCKS AT 460 MLN BUSHELS VS 530 MLN IN 2017
USDA SEES 2018/19 U.S. SOYBEAN CRUSH AT 1.980 BLN BU, EXPORTS AT 2.300 BLN BU·
USDA SEES 2018/19 U.S. CORN USED FOR ETHANOL AT 5.650 BLN BU; FEED AND RESIDUAL AT 5.475 BLN; EXPORTS AT 1.900 BLN