WASDE: Corn & soybean 2020/21 numbers released

USDA’s forecasts in the May WASDE were neutral to bearish for both corn and soybeans, as the industry expected. Although, there were still some slightly surprising numbers that were especially bearish or less bullish than expected. Starting with corn, 2020/21 production was forecast at [...]

Will 2020/21 bring corn & soybean bumper crops?

Ahead of USDA’s Annual Outlook Conference, corn and soybean analysts estimated planted acreage, production, and ending stocks for the 2020/21 U.S. crops. The forecasts presented were bearish compared to 2019/20 figures. Beginning with corn, estimated planted acreage averaged 93.6 million acres, almost 4 million [...]

WASDE: USDA lowers corn use, raises soybean crush

Today’s WASDE report confirmed the market’s expectation for lower corn utilization for ethanol, which USDA lowered by 25 million bushels, to 5.550 billion bushels. USDA also lowered U.S. corn exports by 75 million bushels, a move that was less expected but not out of [...]

June continues strong corn use for ethanol

Ethanol producers used 462.7 million bushels of corn in June, up 6 percent from last June. From September through June, 2017/18 corn use totaled 4.6 billion bushels, up 3 percent year over year and 83 percent of USDA’s season forecast of 5.6 billion bushels. [...]