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USDA surprises by cutting 2024 US corn production

Published Jan 17, 2025

Tridge summary

The January 2025 report from the USDA has shown a discrepancy between projected and actual crop yields for the 2024 season, leading to market volatility. Despite optimal weather conditions, the actual yields came in slightly lower than projected, resulting in a reduction in production estimates. This has led to a decrease in expected final stocks, which will have implications for the 2025 crop and export levels. Additionally, the article discusses the weather conditions in Argentina, a key agricultural region, and promotes a free demo access to the AgriSupp platform, a one-stop solution for market intelligence on grains and oilseeds in the Black Sea and Danube markets.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The January report from the United States Department of Agriculture (USDA) has been conflicting in recent years, and this January 2025 was no different. Industry analysts have been projecting crops with ever-rising yields, which is normal given the technology that is being used. Projections in May already start with record projected levels, but, of course, they await the weather progress. In 2024, the weather was practically perfect for crops, but even so the projections and the actual final data were divergent. Will there be changes in methodology ahead? It clearly seems so, since the divergences between the projection and the effective data have brought fundamental changes to markets. The first estimate of US production is officially released in the May supply and demand report. In recent years, the analysis sector has projected record yield in this first projection. Then, the weather defines this alignment with the estimate. The issue is that in recent years this projection and ...
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