WASDE: Yields higher for corn, lower for soybeans

In the November WASDE, estimated 2021/22 U.S. corn yield was raised 0.5 bushels per acre (bpa) to 177.0 bpa, which would be the highest yield on record. With this improved yield, estimated new-crop production rose to 15.062 billion bushels, up 43 million bushels from [...]

USDA adds 35 million bushels to 2021/22 soybean crop

Last Friday's WASDE report was in line with the previous week’s market expectations for soybeans—a modest increase in production due to improved yield prospects—but fell short of this week’s hopes for higher acreage. In sum, stocks for 2020/21 ended at around 175 million bushels, [...]

China hesitates to ramp up new-crop soybean orders

The week ending Jul. 8 was mighty slow for soybean exports, thanks in part to the holiday. This marketing year continues to track 2014/15’s late-season pace very closely, and if July and August keep to the pattern, the final weeks of 2020/21 might add [...]

2020/21 soybean stocks still pegged at 120 million bushels

Friday’s world crop supply and demand update brought an expected increase to 2020/21 U.S. soybean exports, which USDA offset by tinkering with other use numbers, leaving ending stocks unchanged from the February and March estimates. USDA attributed the 30 million bushel increase in exports, [...]

WASDE: Corn carryout drops, soybean carryout steady

In the April WASDE, USDA lowered its 2020/21 U.S. corn ending stocks forecast by 150 million bushels to 1.352 billion bushels. This change to carryout is due to both exports and domestic use each rising 75 million bushels. For 2020/21, exports are now forecast [...]

Weekly soybean exports skid lower

China is just about out of the U.S. soybean market at this point—exports to China were 82,000 MT last week—and will likely take only minimal shipments through June. U.S. exports tend to pick up during July-August, after Brazil moves most of its volume during [...]

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