WASDE: 2019/20 corn, soybean stocks rise slightly

The June WASDE features few major changes to the overall corn outlook. Ethanol demand in 2019/20 was reduced by 50 million bushels to 4.900 billion bushels. This was partially offset by 2019/20 production falling by 46 million bushels, mainly due to unrecovered corn in [...]

Optimism wins last week, pulling soy complex prices higher

Soybeans ended last week strongly, with July-20 futures up by almost $0.30 per bushel. Optimistic signs of additional Chinese buying and weakening of the U.S. dollar offered hope of additional export demand. The market is preparing for Thursday’s WASDE without too much fanfare anticipated [...]

Corn market shrugs off bearish WASDE

The market shook off a historically bearish first look at a new crop: the Jul-20 contract’s highest close of the week came on the day of that report. The same scenario played out for the December contract. It appears traders are content to let [...]

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 [...]

How much sugar will Mexico export to the U.S.?

In the April WASDE, USDA increased Mexico’s sugar production by 35,000 metric tons, to 5.235 MMT, and increased U.S. imports from Mexico by 34,000 short tons raw value, to 1.199 million STRV. USDA’s current estimate is realistic if Mexico’s sugarcane harvest stops in late May, [...]

WASDE: Drop in use, stocks rise for corn, soybeans

USDA lowered 2019/20 corn use for ethanol by 375 million bushels to 5.050 billion bushels in the April WASDE. This drop was partially offset by feed and residual demand rising to 5.675 billion bushels, up 150 million bushels from March. With use 205 million [...]

No-change WASDE for corn, soybeans

Today’s WASDE report, as expected, left the 2019/20 S&D balance sheets unchanged for U.S. corn and soybeans. For U.S. corn, all 2019/20 estimates were unchanged from the February report, and ending stocks are still projected at 1.892 billion bushels. For 2018/29, corn use for [...]

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