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 [...]

Soy complex: Different strokes for different products

Soy complex price action lately has been a mixed bag, with each component’s market behaving a bit differently from the others. Soybean futures were relatively tame recently, moving within just a few cents per bushel in trading throughout the week. Conversely, soybean meal: After [...]

Will soybean ending stocks be raised in tomorrow’s WASDE?

Looking at the pre-WASDE trade estimates, the industry is expecting lower U.S. exports and higher domestic ending stocks for soybeans. The average industry estimate for 2019/20 soybean exports is 1.804 billion bushels, down 21 million bushels from USDA’s current forecast. In turn, soybean ending [...]

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 [...]

Lower 2018/19 soybean exports raise ending stocks

Today’s S&D update was quieter for soybeans than corn, with the only change being a 75 million bushel reduction in 2018/19 ending stocks. This one change pushed estimated 2018/19 ending stocks past 1.0 billion bushels and carried projected 2019/20 ending stocks near a similar [...]

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 [...]

WASDE watch: Soybean exports

USDA will update 2018/19 S&D projections on Tuesday. In November, USDA lowered this season’s U.S. soybean exports to 1.9 billion bushels due to the trade dispute with China. With 2018/19 ending stocks already forecast at a record 955 million bushels, the industry is wondering how close [...]

New soybean ending stocks estimate tops expectations

USDA increased projected 2018/19 soybean ending stocks to 955 million bushels, up 70 million bushels from last month’s forecast. The industry was expecting a more modest increase in stocks, to around 900 million bushels, but USDA lowered soybean exports to 1.9 billion bushels, down [...]

Load More Posts