WASDE: Higher corn & soybean yields

The January WASDE report was slightly surprising in terms of corn with many expecting more bullish numbers. Instead, USDA raised 2019/20 corn yield to 168.0 bushels per acre (bpa), up 1 bpa from the December estimate. The industry was expecting yield to be 2 [...]

WASDE: Chinese corn production expected to rise

Although the industry was expecting U.S. corn exports to fall in the December WASDE report, USDA left its estimate at 1.85 billion bushels. In fact, each U.S. corn supply and demand category was left unchanged on the report. Internationally, however, 2019/20 world beginning stocks [...]

WASDE: Corn yield lowered to 167 bpa

In the Nov. 8 WASDE report, corn yield was lowered to 167.0 bushels per acre (bpa), down 1.4 bpa from the October report. Harvested acreage was unchanged at 81.9 million acres despite weather causing moderate fieldwork disruptions this past month. Accordingly, estimated corn production [...]

WASDE challenges expectations for domestic sugar & corn demand

Intriguing WASDE sugar forecasts this month: A look at the bottom line shows an increase of 118,000 short tons raw value (STRV) in 2019/20 ending stocks, perhaps prompting a sense of relief as supply and markets seem to be improving. But that does not [...]

Lower corn & soybean figures expected in October WASDE

The latest USDA WASDE will be released Oct. 10 and could give a good indication of the new-crop corn and soybean late harvest results. For corn, the average of analyst expectations puts yield at 166.7 bushels per acre, down 0.5 bushels from the average [...]

WASDE: Corn, soybean yields, & production lower

USDA estimates 2019/20 U.S. corn harvested acreage at 82.0 million acres, unchanged from the August WASDE report. The corn yield estimate is 168.2 bushels per acre (bpa), down 1.3 bpa from August. Accordingly, corn production is forecast at 13.799 billion bushels, down 102 million [...]

Smaller corn, soybean crop forecasts expected

USDA will publish the next WASDE on Sep. 12, and this year’s report is eagerly anticipated as it will reflect USDA’s first in-field evaluation of the 2019/20 corn and soybean crops. Ahead of publication, the industry is expecting USDA to confirm widespread belief in [...]

USDA projects 2 percent growth in soybean crush

In the August WASDE report, USDA forecast 2019/20 soybean crush at 2.115 billion bushels, up 50 million bushels from this season’s volume. With crush nearly complete for the 2018/19 marketing year, USDA is estimating total crush at around 2.07 billion bushels, about 1 percent [...]