Indiana Corn Supply Mostly Unchanged in Latest USDA Report

Nebraska corn crop down 1 percent from 2016

According to the latest figures released on Thursday, soybean production in the Badger State is projected to be around 101 million bushels from an estimated at 2.14 million acres. A couple of states are notably down in the corn harvest - Kentuckey and North Carolina - showing a 10% and 6% differenct from previous year respectively.

The USDA's soybean yield outlook, meanwhile, was unexpectedly lowered to 49.5 bushels an acre from 49.9 bushels a month. The October yield forecast, at 1,339 pounds per acre, is 392 pounds lower than last year's record high yield and will be the lowest since 2006, if realized. Rallies capped by the USDA on Thursday raising its estimate of the USA corn yield to 171.8 bushels per acre, topping a range of trade expectations. Record yield is forecast at 2,420 pounds per acre, up 150 pounds per acre from a year ago.

For soybeans, the 2017 harvest in 18 states is ahead of last year on average with 43% harvested this year compared to 41% in 2016. The USDA in a weekly crop progress report said the corn harvest was 22 percent complete, lagging the five-year average of 37 percent. All other hay production, at 2.72 million tons, is up 3 percent from past year. Yields are expected to average 171.8 bushels per acre this fall.

Shell revs up its move into electric vehicle market
A spokesperson for Shell said: "It's a slightly different proposition which is why it is a benefit to the whole portfolio".

Airbnb-Branded Apartment Buildings Are Coming to the US
The profit-share agreement is created to encourage landlords to commit to allowing tenants to use Airbnb without repercussions. Tenants will be encouraged to sublet their spaces online, and guests will have access to amenities commonly found in hotels.

PNC Financial Services tops Street 3Q forecasts
First Financial Bank Co Of Newtown holds 0.32% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC) for 8,909 shares. The financial services provider reported $1.96 EPS for the quarter, beating the Zacks' consensus estimate of $1.83 by $0.13.

Soybean production was estimated at a record 4,431 million bushels, down 422,000 bushels from September but up 135 million bushels, or 3 percent, from 4,296 million bushels a year ago.

Soybean futures for November delivery rose 3¾¢ to $9.95¾ a bushel overnight on the Chicago Board of Trade. Acreage for harvest, at 42,000 acres, is up 3,000 from 2016. Area for harvest, at 5.10 million acres, is 27 percent above 2016.

Production of other hay is forecast at 75.9 million tons, down 1 percent from 2016. Yield is forecast at 1,333 pounds per acre, down 158 pounds per acre from a year ago. Yield is forecast at 1.6 tons per acre, up 0.05 ton from 2016. Planted area is estimated at 2.11 million acres, up 27 percent from 2016. Area for harvest, at 770,000 acres, is up 3 percent from a year ago. Yield is forecast at 1,333 pounds per acre, down 158 pounds per acre from a year ago.

Related:

  • Couple Survives Lethal California Wildfires By Sheltering In Pool For 6 Hrs

    Couple Survives Lethal California Wildfires By Sheltering In Pool For 6 Hrs

    Knowing they had to make a decision quick, Jan said she and her husband ran to their neighbor's house because they had a pool. Fire consumes a barn as an out of control wildfire moves through the area on October 9, 2017 in Glen Ellen, California.
    More details revealed about South Park: The Fractured but Whole Season Pass

    More details revealed about South Park: The Fractured but Whole Season Pass

    First up in the season pass offerings is " Relics of Zaron ", a costume and perks pack which will be available on October 17. The streets of South Park aren't as safe as they used to be, and even the most seasoned South Park veteran will need help.

    Berenberg Bank Increases Carnival plc (CCL) Price Target to GBX 5300

    The company reported $2.29 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.20 by $0.09. Following the completion of the sale, the director now owns 26,684 shares in the company, valued at approximately $1,555,410.36.
  • IMF Raises Global Growth Forecast

    IMF Raises Global Growth Forecast

    Morocco is expected to report 4.8% growth this year and 3% growth in 2018 and Egypt 4.1% growth this year and 4.5% growth in 2018. Nonetheless, they urged governments to use this period of calm to prepare for the inevitable challenges of the future.

    Valeant Pharmaceuticals International Breaks Below 200-Day Moving Average - Notable for VRX

    Sell-side analyst recommendations point to a short term price target of $29 on the shares of Matador Resources Company (MTDR). ILLEGAL ACTIVITY WARNING: This story was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes.
    Tiangong-1: Chinese space station will crash to Earth within months

    Tiangong-1: Chinese space station will crash to Earth within months

    McDowell said a slight change in atmospheric conditions could nudge the landing site "from one continent to the next". Tiangong-1 was seen as a scientific project that would turn China into a "space superpower" .
  • European Council building in poison alert

    European Council building in poison alert

    The European Council said the building will still be used for next week's EU leadership summit, where Brexit will be discussed. The building, which usually hosts ministerial meetings and leaders of twenty-eight, had to be evacuated temporarily.
    Bulgaria's Head of State Held Talks with the President of Azerbaijan

    Bulgaria's Head of State Held Talks with the President of Azerbaijan

    We believe this is the beginning of fruitful cooperation in the field of education and culture", he said. Bulgaria has an agreement with Azerbaijan for the delivery of 1 billion cubic meters of gas annually.

    Norfolk Southern Corporation (NYSE:NSC) Upward Momentum Touches New Heights

    D Orazio & Associates Inc. boosted its position in Norfolk Souther Corporation by 0.5% during the 1st quarter. (NYSE:NSC). On average, equities analysts expect that Norfolk Southern Corp. will post $6.35 earnings per share for the current year.
  • Edmonton armed carjacking suspects flee to Saskatchewan

    Edmonton armed carjacking suspects flee to Saskatchewan

    RCMP said the Chrysler 300 was seen speeding through the Vegreville area and was later found in Saskatchewan. RCMP conducted a manhunt Thursday in the Paynton area after the stolen vehicles were spotted in the area.
    Marcus Mariota 'absolutely' plans to play on Monday Night Football

    Marcus Mariota 'absolutely' plans to play on Monday Night Football

    Designed quarterback run plays would be either limited or eliminated if Mariota returned this week. Mariota doing more Wednesday than he did last week was a good sign, according to Mularkey.
    Suspecting love jihad, alleged Shiv Sena activists thrash Muslim man in Rajasthan

    Suspecting love jihad, alleged Shiv Sena activists thrash Muslim man in Rajasthan

    However, Khan was dragged out by a mob and the hotel staff informed Parihar that Shiv Sena members were present outside. He added that 5 persons came to the hotel and said that they would "address" the issue among themselves.

Comments

Latest news

Hunt: Showdown will come to Steam Early Access
The Steam Page for Hunt: Showdown also went live today, and we can find more details about the game's time in Early Access there. It seems only logical that the developers are cautious about giving a release date for this game when the road has been so rocky.

UBS Downgrades Rating On Hostess Brands, Inc. (TWNK)
Finally, Marshall Wace North America L.P. bought a new position in Hostess Brands in the 2nd quarter valued at about $26,466,000. Also, CEO William Douglas Toler purchased 75,000 shares of the business's stock in a transaction on Friday, August 11th.

Get your shots, health minister urges as flu season begins in Manitoba
People can still get a flu shot free of charge as part of an office visit with their family physician, the department said. Some doctors in Canada have voiced concerns that North America could be walloped by a nastier-than-usual influenza season.

Royal Bank Of Canada Reaffirms "Buy" Rating for Raytheon Company (RTN)
Company insiders own 0.19% of the company's stock. $493,666 worth of Raytheon Company (NYSE:RTN) was sold by RHOADS REBECCA R . A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock.

Bobby Deol To Star Alongside Salman Khan In Race 3
The Sultan actor was reportedly offered the negative role in Race 3 and it is said to be an important character in the movie. Bobby tweeted about his excitement for the movie, he wrote, "it feels great to be a part of "Race" team".

Newfield Exploration Co (NYSE:NFX) Institutional Investors Sentiment Unchanged in 2017 Q2
Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. July 21 investment analysts at Citigroup left the stock rating at "Buy" but lowered the price target from $42.00 to $36.00.

Traders Secrets on Yum! Brands, Inc. (YUM), Applied Optoelectronics, Inc. (AAOI)
As per Tuesday, July 21, the company rating was reinitiated by Goldman Sachs. 83 funds opened positions while 54 raised stakes. Evercore Wealth Mgmt Lc invested in 65 shares or 0% of the stock. 5,687 are held by Metropolitan Life Ins New York.

Avis Budget Group, Inc. (NASDAQ:CAR) Trading Up - Short Interest Down -8.66%
The investment professionals in our partner's database now hold: 115.24 million shares, up from 101.39 million shares in 2017Q1. Following the completion of the sale, the insider now owns 510,714 shares in the company, valued at $19,049,632.20.

J&K Police detains Hizbul militant Gulzar Dar in Pulwama
Gulzar Ahmad Dar was arrested by the security forces in Tral town of Pulwama district. During searches, terrorists hiding in the hideout fired upon the search party.

US Marine Corps Grounds CH-53Es in Okinawa Following Fiery Landing
Japanese authorities asked the USA military to provide a full report and take steps to prevent a similar accident. Defense Minister Itsunori Onodera, however, said that he had agreed with the deputy commander of U.S.

$2.49 Billion in Sales Expected for EOG Resources Inc (EOG) This Quarter
The collective rating of 2.5 for LendingClub Corporation (NYSE:LC) also leans strongly towards the neutral end of the spectrum. Allen Investment Management Ltd holds 0.05% of its portfolio in EOG Resources Inc (NYSE:EOG) for 11,038 shares.

Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
Automobile industry magazines have termed the tax as "Tesla Tax" as it would impact Tesla's expensive Model S and Model X SUV. There are more than 13,000 registered Teslas in Norway, according to data from the national statistics office.

Growth Analysis of Delta Air Lines, Inc. (DAL)
It also demonstrates a stable dividend policy for Delta Air Lines, Inc . connected to the long-run, with viable earnings. A number of hedge funds and other institutional investors have recently made changes to their positions in the stock.

Analysts Ratings on: Diamond Offshore Drilling, Inc. (DO)
Investors generally keep an extensive variety of technical indicators at their disposal for completing technical stock analysis. Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 0, and a price to sales ratio of 0.18.

Quest Diagnostics Incorporated (NYSE:DGX) Experiences Heavier than Average Trading Volume
Mizuho maintained it with "Neutral" rating and $88 target in Friday, October 21 report. 11,995 are held by Security Natl Trust. The sales growth rate helps investors determine how strong the overall growth-orientation is for a stock or portfolio.

Other news