In its June WASDE report, USDA raised its previous estimate for 2022/23 world corn ending stocks by 5.32 MMT to 310.5 MMT, about 400,000 MT below the current season’s volume. World corn production was increased by 5.1 MMT to 1.186 billion MT, up 30.1 [...]
In its April WASDE report, USDA made minimal changes to its existing forecast for corn but did adjust soybean use estimates. USDA did not change its prior 2021/22 U.S. corn production estimate of 15.115 billion bushels, still above the past two seasons’ volumes. Corn [...]
In its March WASDE report, USDA made minor changes to the U.S. corn and soybean demand forecasts. USDA did not change its prior 2021/22 U.S. corn production estimate of 15.115 billion bushels. However, it did add 25 million bushels to both food, seed & [...]
The February WASDE report was almost the same as January’s, with no changes to the U.S corn balance sheet and only slight adjustments to soybean figures. USDA left its 2021/22 U.S corn production and yield estimates unchanged from last month’s report at 177 bushels [...]
In the January WASDE, USDA increased its 2021/22 U.S. corn production estimated to 15.115 billion bushels, up 53 million bushels from the December estimate. USDA raised 2021/22 corn ending stocks to 1.540 billion bushels, up 47 million bushels from the previous forecast. Corn exports [...]
Futures activity Mar-22 corn futures ended last week up 3 percent at $6.06 per bushel, maintaining the recent trend above $6 per bushel. Prices have been on a nearly steady incline since bottoming out in early September. S&D and fundamental factors WASDE is this [...]
In the December WASDE, USDA made no changes to either the U.S. corn or soybean balance sheets. U.S. wheat 2021/22 ending stocks saw a slight increase as exports were cut 20 million bushels to 840 million bushels, and imports were lowered from 115 to [...]
In the October WASDE, 2021/22 U.S. corn beginning stocks are estimated at 1.236 billion bushels, up 49 million bushels from September. Estimated 2021/22 corn yield is 176.5 bushels per acre (bpa), up 0.2 bpa from the previous estimate and above industry expectations. With improved [...]
