Rain tipped to bring good wheat harvest for U.S. farmers, USDA reports
The USDA said Tuesday it was releasing the latest crop statistics for the first half of 2012, with the lowest year-to-date yield in nearly four years, as dry weather continued.
The USDA expects that production will be 7-to-14 percent lower than a year ago, though it expects the number of acres per hour to increase by about 0.5 percent from a year ago. The USDA said grain harvests will be up about 18-to-21 percent.
The Bureau 바카라사이트of Economic Analysis said last week that the average yield of US wheat production in 2012 was 5.15 million bushels per acre.
For August, U.S. farm-related grain output was 1.9 million bushels per acre at $17.75/bushel, according to U.S. Department of Agriculture data.
Grain production was 4.6 million bushels per acre at $17.25/bushel, which was up from 2.9 million bushels per acre recorded a year ago. This was up 5-to-21 percent from a year ago. In August, the USDA said the average yield for grain production in 2012 was 4.6 million bushels per acre at $17.25/bushel, which was up from 2.9 million bushels per acre recorded a year ago.This was up 5-to-21 percent from a year ago.
«We continue to see strong yields across the United States, driven both by increased crop production and more consistent and resilient conditions over much of the month,» U.S. Secretary of Agriculture Tom Vilsack said in a statement on Tuesday.
The U.S. Department of Agriculture’s Agricultural Cost Services program, the agency’s official price-monitoring agency, reported on Tuesday that July-September 2012 prices for corn and grain were up a quarter from a year earlier and an eighth of a percent from a decade ago. For rice, prices jumped 12-to-13 percent last year.
Corn prices have fallen 14-to-15 percent since a recent three-year low, according to the USDA, which attributed it to the high price of corn in the wake of the 2009 financ바카라ial crisis. Last year, prices were 7.85 cents per bushel.
The average price of corn for더킹카지노 2013, however, declined 0.6 percent from a year ago to $10.16 per bushel