USDA forecasts record 2018/19 soybean ending stocks

Friday’s WASDE report was undoubtedly bearish, led by the unexpected hike in soybean ending stocks. Ahead of the report, analysts were projecting 2018/19 soybean yield to increase, with the average of expectations being around 49.8 bushels per acre (bpa). USDA’s much stronger increase to [...]

Large inventories + low prices = less acreage?

As we learned in Economics class, when supply gets burdensome, prices fall to disincentivize production. Lower production then increases prices, bringing the market back to equilibrium. The U.S. and South America have held burdensome corn and soybeans supplies during the last five years, leading [...]