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The latest U.S. Drought Monitor indicated year-over-year decreases in the amount of drought coverage area for major crops and commodities. (Rod Bain and USDA meteorologist Brad Rippey)
The first U.S. Drought Monitor for April indicates the trend of shrinking drought coverage continuing across the country. (Rod Bain and USDA meteorologist Brad Rippey)
Extreme drought conditions in various wheat growing regions are contributing to lower wheat production forecasts compared to the previous year. (Rod Bain and USDA Chief Economist Seth Meyer)
USDA's quarterly stock forecasts revealed a surprise regarding ending stocks for corn and soybeans, compared to industry projections. (Rod Bain and Chief Economist Seth Meyer)
USDA's latest Agricultural Prices report indicates producers of most commodities noticed an increase in what they received pricewise compared to the previous month. (Rod Bain)