Farm Progress America, Nov. 7, 2024

This report will tell analysts any changes in crop production and demand forecasts which can influence market prices.

The report comes after dry weather has continued in much of the country and the southeast destruction caused by Hurricane Milton and Helene in October.

Corn production was estimated to be at 15.2 billion bushel with average yield of 183.8 bushels per acre. The November report looks to maintain or slightly reduce these numbers.

Domestic use for ethanol remains strong while exports are being influenced by South America and trade policy.

Soybean production looks to remain at 4.6 billion bushels and the estimate is for 53.2 bushels per acre average.

The report looks for minimal changes in the soybean production.

Global demand continues to bolster exports for soybeans.

Analysts will be looking at the winter wheat planting process and it could show a slight increase in feed and residual use.

Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Mike Pearson, farm broadcaster and host of This Week in Agribusiness .