Recount on “Right to Farm”

As expected, there will be a recount on this extremely close, and deeply controversial, amendment to the Missouri Constitution. Here’s a press release about this:

August 27th, 2014

JEFFERSON CITY – Missouri’s Food for America, the Missouri Farmers Union, and the Missouri Rural Crisis Center, the central opponents to Amendment 1, the deceptive “Right to Farm Amendment,” are officially calling for a recount of the August 5th primary election results. The Amendment narrowly passed by 2490 votes, out of nearly 1 million cast, a margin of .25%.

Former Senator Wes Shoemyer, of Monroe County, the President of Missouri’s Food For America has been a vocal opponent of Amendment since it’s approval by the legislature. “We are talking about less than a quarter of percent of all votes cast” said Shoemyer. “With such a close margin, we owe it, not just to all the volunteers and organizations who put in countless hours fighting for Missouri’s family farmers, but also to the 497,091 people who voted “no” on August 5th.”

“Right now, we are at a statistical tie. Missouri voters deserve a fully transparent and accountable recount process that guarantees that every vote has been counted and that the integrity of the democratic process has been upheld,” said Rhonda Perry, a farmer from Howard County and Program Director of the Missouri Rural Crisis Center.

“With the future of Missouri’s farmland and rural economy at stake, we ought to be sure every vote was counted correctly,” said Richard Oswald, President of the Missouri Farmers Union. “With such a close outcome, a change in just 1 or 2 votes per precinct could sway the outcome.”

Excellent News from Mexico on Monsanto Soy

As most everyone knows, Amendment 1, Missouri’s MegaAg Protection Racket, or Monsanto Protection Act, barely passed. It’s my understanding that there is going to be a recount on that amendment to Missouri’s Constitution. Personally, I think there needs to be more than a recount, but I will save that for another day.

Despite the assertions that Monsanto and genetically modified organisms in general are gaining “world wide acceptance”, the truth is that many nations are doing all they can to ban these abominations of nature. Below is an article about Mexico and Monsanto’s Round Up Ready Soy…A little “Yeah!” for those who want to eat clean food.

Just one small comment here. I find it increasingly odd that I am often in agreement on a topic with organizations that are so far left of where I am politically. In the case I am addressing at the moment, that group is Greenpeace. To be clear, I am a massive proponent of private property owner’s rights. Staunchly opposed to corporations posing as “individuals” and against consolidation, contraction and restriction of access to markets for farmers growing real food. I am not a “greenie weenie”, but I do believe that we were put here by our Creator to be stewards of the land and His creation and not to rape, pillage and plunder the creation. We certainly are not called to change the genetic structure of life and create abominations of natural species by mutating them in a lab.

 

Sweet victory for Mexico beekeepers as Monsanto loses GM permit

Evidence convinced judge of threat posed to honey production in Yucatán – but firm will almost certainly appeal against ruling

 

 

MDG : Monsanto GM soya impact on honey bees protest in Yucatan Peninsula in mexico
Greenpeace activists and Mayans form a human chain to spell out the words ‘ma ogm’, which translates as ‘no gmo’ (genetically modified organisms). Photograph: Arturo Rocha/Greenpeace

A small group of beekeepers in Mexico has inflicted a blow on biotech giant Monsanto, which has halted the company’s ambitions to plant thousands of hectares of soybeans genetically modified to resist the company’s pesticide Roundup.

A district judge in the state of Yucatán last month overturned a permit issued to Monsanto by Mexico’s agriculture ministry, Sagarpa, and environmental protection agency, Semarnat, in June 2012 that allowed commercial planting of Roundup-ready soybeans.

The permit authorised Monsanto to plant its seeds in seven states, over more than 253,000 hectares (625,000 acres), despite protests from thousands of Mayan farmers and beekeepers, Greenpeace, the Mexican National Commission for the Knowledge and Use of Biodiversity, the National Commission of Natural Protected Areas and the National Institute of Ecology.

In withdrawing the permit, the judge was convinced by the scientific evidence presented about the threats posed by GM soy crops to honey production in the Yucatán peninsula, which includes Campeche, Quintana Roo and Yucatán states. Co-existence between honey production and GM soybeans is not possible, the judge ruled.

Mexico is the world’s six biggest producer and third largest exporter of honey. About 25,000 families on the Yucatán peninsula depend on honey production. This tropical region produces about 40% of the country’s honey, almost all of which is exported to the EU. This is not small change: in 2011, the EU imported $54m (£32m) worth of Mexican honey.

The concerns are multiple. Roundup-ready crops – soybeans, corn, canola, sugar beets, cotton and alfalfa – have been manipulated to be resistant to glyphosate, the active ingredient in Roundup.

Some argue that glyphosate poses a risk to human and animal health, a claim that Monsanto and other agribusinesses reject.

In addition to health risks, environmental damage to soil, water and bee colonies – which are dwindling fast – have been attributed glyphosate use, threatening food and water security across the globe.

GM crops could devastate the important European export market for Mexican beekeepers, where the sale of honey containing pollen derived from GM crops has been restricted since a landmark decision in 2011 by the European court of justice.

The ruling barred honey derived from a GM crop unapproved for human consumption – which includes some soy and other animal feeds – from sale in the EU. Honey with more than 0.9% of GM pollen (from an approved GM food) must be labelled as containing GM ingredients and cannot be marketed as an organic product. Some countries, including Germany, reject honey that contains any GM pollen.

small study conducted in Campeche, where about 10,000 hectares of GM soybeans were planted after the permit was approved in 2012, found GM pollen in some honey samples destined for the European market. This, say the authors, threatens the local honey industry and contradicts the position taken by Sagarpa and industry groups that soybeans are not visited or pollinated by bees searching for food because they can self-pollinate.

The Monsanto ruling was commended by the respected national newspaper La Jornada, which accused the Mexican government of ignoring widespread concerns over GM and forcing those opponents to fight it out in court with powerful multinational companies. The government’s stated ambition of eliminating hunger is incompatible with its decisions to increasingly allow multinational companies such as Monsanto to introduce GM crops, the paper’s editorial concluded.

Central to the ruling was the Mexican constitution, specifically the government’s obligation to fully consult indigenous communities before making any major decision about what happens, including what is grown, on their territory. The judge ordered planting to stop and gave Sagarpa six months to carry out full and proper consultations with indigenous farmers – which it should have done before the permit was granted in 2012.

It was this same omission that led to an almost identical ruling by a district judge in Campeche in March 2014.

These two judgments have set a precedent that will help farmers, campaigners and environmentalists take local legal action against the rollout of GM soy and corn, which the federal government is sanctioning without consultation and against experts’ advice.

But this is a high-stakes game to play, in which indigenous communities are being forced to fight their own government and multinational corporations with multimillion-dollar legal departments, simply to have their constitutional rights honoured and protect their traditional ways of farming and living.

So while a third victory in Chiapas, where a similar case is pending, could soon follow, this is almost certainly only round one. Monsanto will probably appeal against the decision to a higher court.

The North American Free Trade Agreement, criticised by some for crippling small-scale Mexican farming, is not on the side of the beekeepers. This David and Goliath battle is about so much more than honey.

 

A Few Thoughts on Ferguson…And Wait Until October?

Officer Friendly?

The unrest of the past week is likely a prelude of what’s coming in America. Our police have been increasingly militarized and are not “serving and protecting” as they are sworn to do. Instead, because of seizure laws and revenue scams they are largely extorting and intimidating the general populace, black, white, red, brown or any color of skin.

While there is an overwhelming amount of information and footage out there about this incident, it still looks like we have to wait for all of the evidence to be correlated, and for the forensics to be complete and interpreted and rebutted before we can know the facts behind the clinical evidence of the death of Michael Brown.

A few things deeply bother me, and I’m going to go ahead and put them out there for whatever it’s worth. Not much, I know, but these are truly aggravating things to me, and it simply seems like we could very well be being played because of them.

First of all, according to the original report, Michael Brown was pulled into the car by the cop? That, as Judge Judy would say, doesn’t make any sense at all. If you’re 6′ 4″ and someone reaches out to pull you into a car, they aren’t going to be able to it. Your instinct, unless you want to hug the person, is to pull back. And if you’re a police officer, the last thing you’re going to do is try to pull a big guy into the car on top of you, especially by the neck. If the officer was pulling him, he could possibly have pulled his arm and tried to use the door as a lever to subdue Brown, but that is the only potential I can see for the officer pulling Brown into the car.

Then the delay in releasing information in at least two areas, but more likely three. Not releasing the shooting officer’s name for days only adds to the distrust of the system and to the intimation that the police are covering things up. Not releasing the convenience store strong arm robbery tape for SIX days while the city is blowing up is simply unconscionable. And again, it leads to deeper distrust. While I can’t do it, I know that there are people who are completely capable of creating video that looks like the real thing when it isn’t. Is it possible that this is the case with the strong arm robbery video? Maybe. Then again, maybe not.

One has to wonder, why was this officer in a car alone? In the earliest video immediately following the shooting that I can find, there is another officer on the scene. It reportedly begins about 30 seconds after the shooting occurred. There is a cut in the video and then there is crime scene tape up, but when did the other officer arrive on the scene? And Wilson, who was reportedly hit hard enough to break the orbital socket under his eye during the struggle in the car, doesn’t make any move to indicate that his head is hurting in any way. Does this make any sense? It took ten days to get the orbital socket injury out. Three days to report that the officer was treated at a hospital after the shooting. Just who is the other officer with Wilson in this video? Was he Wilson’s partner? If so, where was he during all this and who is he? Likely, he isn’t Wilson’s partner, but then how did he get there so quickly? Or was that 30 second assertion inaccurate and it’s more like 2 to 5 minutes? It’s messed up.

The thing that I find most distressing is that people refer to a caller on a local radio show that says she is a friend of Darren Wilson as a “witness”. I even heard media refer to “Josie” as a witness. That is deeply disturbing. A friend of someone who was present at a scene can only relate hearsay, and giving an attitude of import to that person’s account is beyond irresponsible. And then a tweet from someone saying 12 witnesses have confirmed the officer’s side of the story becomes proof that the officer was justified in his actions? What kind of critical thinking is being employed by the media here?

Now, a grand jury has been convened to decide whether or not to indict Officer Darren Wilson for the shooting death of Michael Brown. But the Prosecutor is saying there won’t be any decision made until October. How is that timely? More importantly, how is it justified? What exactly are the officials trying to accomplish by releasing information in a very slow fashion and only reacting in quick and decisive ways with shows of force? It looks to me like holding off the decision of the grand jury is only going to increase tensions and create more distrust.

Clearly, the issues brought to light by this shooting are deep seated and far reaching. The police are way over militarized. People are more than angry at the entire system, and largely, they have a perfect right to be angry. How they express it and deal with it is another issue entirely. Destroying other people and their property is actually criminal and not a path that we should follow. Yet that is too often what the police are seen doing as well in their position as revenue collectors and enforcers. Just do a search on youtube for police brutality videos and you will be stunned and unhappy with the results.

It’s clear that many in America simply view police as government sanctioned rival gangs. Now they have MRAPs and tanks and more. You can see what your county has acquired by clicking on this New York Times article and the interactive map included there.

To sum up most of America’s feelings on police, it isn’t that we don’t like cops, we just feel better when they aren’t around.

In case anyone is wondering, we also feel better when there isn’t rioting and looting.

Federal Reserve Official Says Bail-Ins Coming Soon

Just to be clear, I do not have a crystal ball, but I have previously published documents and articles that clearly indicate this is an option here in the US. Some are saying this is scheduled for Septemeber 2nd of this year. Please, if you are blessed enough to have any money in the banks, hedge against this and buy hard assets. This isn’t good, and there is precedent for it:

 

U.S. Preparing Bank Bail-Ins – Fed Vice Chair Fischer
Federal Reserve Vice Chairman Stanley Fischer delivered his first speech on the U.S. and global economy in Stockholm, Sweden yesterday.

 

Fischer headed Israel’s central bank from 2005 through 2013 and is now number two at the Federal Reserve in the U.S. after Janet Yellen.

 

 

In a speech entitled, The Great Recession: Moving Ahead, given at an event sponsored by the Swedish Ministry of Finance, Fischer said that the economic recovery has been and remains “disappointing.”

 

“The recession that began in the United States in December 2007 ended in June 2009. But the Great Recession is a near-worldwide phenomenon, with the consequences of which many advanced economies–among them Sweden–continue to struggle. Its depth and breadth appear to have changed the economic environment in many ways and to have left the road ahead unclear.”

 

Speaking about the steps that have been taken internationally in order to “strengthen the financial system” and to reduce the “probability of future financial crisis,” Fischer said that the U.S. was preparing proposals for bank bail-ins for “systemically important banks.”

 

Additional steps have been taken in some countries. For example, in the United States, capital ratios and liquidity buffers at the largest banks are up considerably, and their reliance on short-term wholesale funding has declined considerably. Work on the use of the resolution mechanisms set out in the Dodd-Frank Act, based on the principle of a single point of entry–though less advanced than the work on capital and liquidity ratios–holds the promise of making it possible to resolve banks in difficulty at no direct cost to the taxpayer.

 

As part of this approach, the United States is preparing a proposal to require systemically important banks to issue bail-inable long-term debt that will enable insolvent banks to recapitalize themselves in resolution without calling on government funding–this cushion is known as a “gone concern” buffer.”

 

Fischer’s comments that the U.S. is “preparing a proposal” for bail-ins is at odds with Federal Deposit Insurance Corporation (FDIC) and Bank of England officials who have said that bail-in legislation could be used today.

 

The U.S. already has in place plans for bail-ins in the event of banks failing. Indeed, the U.S. has conducted simulation exercises with the U.K. in 2013 and again this year.

 

On October 12 2013, Art Murton, the FDIC official in charge of planning for resolutions, and the Bank of England’s Deputy Governor Paul Tucker, both confirmed that the U.S. system is ready to handle a big-bank collapse.

 

The Bank of England’s Tucker, who has worked with U.S. regulators on the cross-border hurdles to taking down an international bank said that “U.S. authorities could do it today — and I mean today.”

 

There is speculation that were Yellen to retire early Fischer would be anointed as the new Federal Reserve Chairman.

 

Fischer who previously was chief economist at the World Bank, also makes it clear that he expects ultra loose monetary policies to continue in the U.S. which will be bullish for gold and silver.

 

See our important guide to coming bail-ins here Protecting Your Savings in the Coming Bail-In Era

 

Preppers and Patriots Expo This Weekend!

If you’re anywhere in the area, you definitely need to come to the Expo to get great information, products and network with people that get it!

 

http://preppersandpatriots.net/

Don’t Miss The Preppers & Patriots Expo LIVE August 16 & 17, 2014

Plan Now To Attend

Preppers & Patriots Expo

2 Days That Can Save Your Life

August 16 – 17, 2014

at the

Double Tree by Hilton Hotel in Springfield, Missouri

9:00 a.m. to 6:00 p.m. both days

Tickets Prices For the Entire Weekend:

  • $10 per person in advance

  • $15 per person at the door

Explore Self-Reliance

Don’t just survive, THRIVE! Strengthen family bonds through self-sufficiency, stay alive, and live a better life!

Attend This Event To Make Sure You & Your Family Will Be Prepared for:

MAN-MADE DISASTERS:    Terrorist threats, social collapse, nuclear reactor

NATURAL DISASTERS:  Tornadoes, Earthquakes, Pandemic

ECONOMIC COLLAPSE:   Do you have cash, gold, silver, barter items?

SPEAKERS –  18 Presentations Over 2 Days

Break-Out Sessions

Learn from the experts!

Speakers List to be Added Soon

For Vendor / Sponsor Information:

Contact Mike at: (417) 264-2435 or emailmike@PreppersAndPatriots.net

+++++++++++++++++++++++++

Speaker Schedule Preppers and Patriots Expo Saturday and Sunday

Speaker Schedule Preppers and Patriots Expo Aug 16, 2014
Saturday – Theater 1

9am     Mike Knox, White Harvest Seed Company – GMO v. Heirloom Seeds and Why          

10am   Ike Skelton – Agenda 21

11am    Doug Brethower – Wood Gas Energy, Biomass and the Wood Gas Pickup Truck

12pm  Dr. Bones and Nurse Amy – Survival Medicine When There Is No Doctor

1pm     John Moore The Liberty Man – Climate Change and What the Govt  Does Not Want You to Know

2pm     Joyce Riley, Radio Host of “The Power Hour” – Veterans Healthcare

3pm     Vince Finelli, Radio Host of “USAPrepares” – How Deep Do The Lies Go?

4pm     Michael Evans, Radio Host “AmericasVoiceNow.org” – Restoring Freedom/Firearms for Preppers

5pm     Beth Ann Schoeneberg, Radio Host of “Common Sense Coalition” – Become a Citizen Activist

Theater 2

9 am SwissAmerica – Precious Metals in a Crisis 

10 am Mike Brown – Steam Engines for Home Energy

11 am Joe Dixon – Morningland Dairy

12 noon Allen Busiek – Prepping 101 Intro to Prepping: Why Prepare / What to Prepare For / Different Approaches to Prepping / Getting Started Allen appeared on the TV show Doomsday Preppers.

1 pm Lynette Pate – Organic Guru The Monsanto Project

2 pm Essential Oils – Dr. Norfleet

3 pm Dr. Jim Cesar – How to Suture Wounds

4 pm EFS Energy Company – Solar Power

5 pm EFS Energy Company – Wind Power

 

Speaker Schedule Preppers and Patriots Expo Aug 17, 2014 
Sunday – Theater 1

9 am Dave Lohr – Survival in the Wilderness 

10am Doreen Hanes -TruthFarmer.com – Agenda 21 

11am Tim Stark CSPOA – Constitutional Sheriffs and Peace Officers Association

Last 15 minutes of talk Oathkeepers Reaffirmation of the Oath Ceremony

12pm Ozarks Refuse – Why the Ozarks Is The Perfect Bugout Location Jerry Diamond

1pm Dr. Bones and Nurse Amy – Survival Medicine When There Is No Doctor

2pm Lens Pense -Gardening Revolution 

3pm Forest Gardening Chris Allen

4pm. Common Core Dangers – Dr. Mary Byrne

5pm Police Chief Kevin Jotz, LAPD Retired – Defend Yourself Against Cops

Theater 2

9 am Lynette Pate – The Monsanto Project

10 am Native American Church – Coming Changes and How to React

11 am Dawn McPherson – When There is No Pharmacy PART 1

12 noon Dawn McPherson – When There is No Pharmacy PART 2

1 pm Bob Anderson – Author of The Survivalist novels

2 pm Mike Brown – Defending Yourself Against Health Nazis

3 pm SwissAmerica – Precious Metals in a Crisis

4 pm Allen Busiek Prepper Groups – Part 1 – Why Join (or Form) a Group / Types of Groups / Possible Benefits / Organizational Hurdles / Potential Downsides 

5 pm Allen Busiek Prepper Groups – Part 2 – Why Join (or Form) a Group / Types of Groups / Possible Benefits / Organizational Hurdles / Potential Downsides

 

Reporters Arrested in Ferguson

This is an incredible indictment of the “law enforcement” separation from the reality of community that causes things like the shooting initiating the uproar and the continued rioting to occur. When you have a bunch of people who are outraged,  and then you treat people who are outwardly identified as reporters treated in the manner described below, it’s pretty difficult to expect things to get better any time soon. I just hope this doesn’t spill over across the country and end up as some kind of repeat of the 1960’s race riots.

Please read the article below. It clearly illustrates the level of disconnection held by entirely too many police across this country.

 

Reporters arrested in Ferguson


Close By DYLAN BYERS and HADAS GOLD | 8/13/14 8:53 PM EDT
Reporters from The Washington Post and the Huffington Post were arrested in Ferguson, Mo., on Wednesday night while covering the protests that have rocked the St. Louis suburb.

Wesley Lowery, a Washington Post political reporter, and Ryan Reilly, a Huffington Post justice reporter, were arrested in a McDonalds shortly before 8 p.m. ET. Police entered the restaurant and told patrons there to leave, the reporters wrote on Twitter after their release. The police then asked Lowery and Reilly for their identification and, according to the reporters, arrested them because they weren’t packing their bags fast enough.

Lowery also said the police officers “assaulted” him. “Officers slammed me into a fountain soda machine because I was confused about which door they were asking me to walk out of,” he wrote on Twitter. Lowery also said that he and Reilly were released without paperwork or charges, and that the officers refused to provide the reporters with their names.
Ferguson has been the site of protests since the death of Michael Brown, an 18-year-old African-American who was shot several times by an officer. The chief of police there has refused to disclose the identity of the officer in question, citing safety concerns. According to The Associated Press, the officer “has received numerous death threats, and the chief worries that disclosing his name would endanger [him].”

Both Lowery and Reilly have not responded to requests for email.

Martin Baron, the executive editor of The Washington Post, said late Wednesday night that “there was absolutely no justification for [Lowery's] arrest.”

“He was illegally instructed to stop taking video of officers. Then he followed officers’ instructions to leave a McDonald’s — and after contradictory instructions on how to exit, he was slammed against a soda machine and then handcuffed,” Baron said in a statement. “That behavior was wholly unwarranted and an assault on the freedom of the press to cover the news. The physical risk to Wesley himself is obvious and outrageous.”

“After being placed in a holding cell, he was released with no charges and no explanation,” Baron continued. “He was denied information about the names and badge numbers of those who arrested him. We are relieved that Wesley is going to be OK. We are appalled by the conduct of police officers involved.”

According to the Washington Post, both reporters were taken to a police car where a member of the clergy was also being held, and then transported to a holding cell at the Ferguson police station. The Ferguson police chief was reportedly alerted to their arrests by Matt Pearce, a reporter for the Los Angeles Times. Pearce tweeted that when he informed the police chief of the reporters’ arrest, the chief answered “Oh God” and said the riot police were from St. Louis County and likely “didn’t know any better.”

About a half an hour after arriving at the holding cell, Lowery and Reilly were released without any charges filed, the Post reports.

In an article, the Huffington Post confirmed that Reilly “was arrested Wednesday while covering the protests in Ferguson.”

“Reilly tweeted at around 8:00 P.M. EDT that SWAT officers invaded the McDonald’s at which he was working, requesting his identification after he took a photo of them,” the statement read. “The Washington Post’s Wesley Lowery was also working at the fast food restaurant.”

Reached by phone, an operator for the Ferguson Police Department would neither confirm nor deny Lowery and Reilly’s arrest.

“I have no information,” the operator said several times.

In an interview with MSNBC following his release, Reilly called the police officers’ mentality “extremely disturbing.”

“It was madness,” Reilly said. “[The officers] asked us to begin packing up our stuff. Evidently I was not moving quickly enough for their liking, at which point I was given a countdown, I was told I had 45 seconds, 30 seconds, pack up all my stuff and leave, at which point the officer in question… held me back, grabbed my things and shoved them into my bag, and basically he then arrested me. He hancuffed me… he used his finger to put a pressure point on my neck.”

“He would not tell me what I was under arrest for…he was in complete SWAT gear,” Reilly continued. “The most frustrating thing…I repeatedly asked over a dozen times for his name or ID number was never given it… The worst part was he slammed my head against the glass purposely on the way out of the McDonalds then sarcastically apologized for it.”

“It was just a terrible experience,” he continued. “I recognize I’m in sort of a place of privilege here both as a journalist and as a white person frankly, in that evidently the police chief made the decision to not hold us. … The mentality of the officers was extremely disturbing. They essentially acted as a military force.”

Reilly told MSNBC he was “not 100 percent sure” whether he identified himself as a reporter, but said he identified himself as a journalist after being handcuffed.

Lowery also appeared on MSNBC shortly after Reilly and provided an account of the arrest.

“As I was packing my bag videotaping with one hand, he was angry I wasn’t moving fast enough or what not, I put my backpack on tried to walk out, from the corner I could see Ryan having the same type of interaction,” Lowery said. “As I turned the corner I tried to ask him… ‘Am I going to be able to move my car?’ They didn’t want to answer that question. They directed me toward one door where I encountered another officer who directed me to another door, I said, ‘Officers, where would you like me to go.’ As I turned to follow their instructions, my bag slipped off my shoulder. I said. ‘Officers, I’m going to need to stop to adjust my bag, give me one second,’ at which point they said ‘Let’s take him,’ slammed me into the soda machine, grabbed my bag, grabbed my phone and put me in temporary restraints and took me outside.”

Lowery said he was wearing his Washington Post credentials on his neck at the time of the arrest.

On Twitter, Lowery wrote, “Apparently, in America, in 2014, police can manhandle you, take you into custody, put you in cell & then open the door like it didn’t happen.”

Cheap GMO Corn Available This Year

 

Cool, ideal summer weather set high expectations for the country’s corn crop, and the USDA’s latest World Agricultural Supply and Demand Estimatesreport shows just how much the crop benefited.

 

In Tuesday’s report, the USDA forecast 2014-2015 corn production at a record 14.03 billion bushels, 172 million bushels higher than forecast in the USDA’s July report.

 

“The first survey-based corn yield forecast, at a record 167.4 bushels per acre, is up 2.1 bushels from last month’s trend-based projection,” the USDA wrote.

 

The report also projected

 

  • Record corn supplies for 2014-2015 at 15.24 billion bushels, with an increase in production partly offset by a 65-million-bushel reduction in beginning stocks;
  • An increase in corn use for ethanol and exports by 45 million bushels and 20 million bushels, respectively, for 2013-2014;
  • Slightly higher ending stocks for 2014-2015; and
  • Lower season-average farm price, which is expected to range between $3.55 and $4.25 per bushel.

 

For soybeans, the USDA forecasts production to top 3.8 billion bushel due to a higher yield, which is projected at a record 45.4 bushels per acre. The season-average soybean price is expected to range between $9.35 and $11.35 per bushel, down 15 cents on both ends of the range.

 

The USDA sees reduced soybean imports and increased exports for 2013-2014.

 

“Imports are lowered 5 million bushels to 80 million based in part on revised import data for September – December 2013 from the U.S. Department of Commerce,” the USDA wrote. “Exports are raised 20 million bushels to 1,640 million reflecting both revised export data for September through December 2013 from the Department of Commerce and inspections data for July 2014. These changes are offset with lower residual use, leaving ending stocks unchanged at 140 million bushels.”

 

Click here to read the full report.

 

 

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