Corn outlook The 2023/24 U.S. corn outlook is for greater production at 15.1 billion bushels due to an increase in harvested area offsetting a reduction in yield. Corn supplies and ending stocks are also up compared to last month’s projections, while use remains unchanged. [...]
The Jun. 30 quarterly grain stocks report revealed a tighter supply situation than the market was anticipating, with corn stocks down 3 percent from the average of analyst expectations, soybeans down 1 percent, and all wheat down 5 percent. With 2022/23 production down year [...]
Corn outlook The 2023/24 U.S. corn outlook is for slightly higher supplies and ending stocks. U.S. corn production is forecast up 55 million bushels compared to last month’s projection. Soybean outlook The 2023/24 outlook for U.S. soybeans is for higher beginning stocks and a [...]
April 2023 soybean crush was below analysts’ expectations: At a record breaking 173.2 million bushels, soybean crush was the highest we’ve seen for the month of April. Prior to this year, the highest April soybean crush was 2020’s 171.8 million bushels. NOPA processors crushed 12.6 [...]
Corn outlook The 2023/24 U.S. corn outlook is for higher beginning and ending stocks. Forecast U.S. corn production is unchanged from last month, projected at 15.3 billion bushels. Soybean outlook The 2023/24 outlook for U.S. soybeans is for higher beginning and ending stocks, reflecting [...]
USDA estimates of corn, soybean, and wheat stocks as of Dec. 1 were all a bit lower than forecasts ahead of yesterday's Grain Stocks report: Corn stocks were 3 percent lower than expected, soybeans 2.5 percent lower, and wheat 1 percent. For corn and [...]
USDA’s December supply and demand update delivered no changes to the balance sheet for U.S. 2022/23 wheat and soybeans and a modest adjustment to corn exports. Wheat ending stocks for this marketing year are still projected at 571 million bushels, and soybean stocks are [...]
Today’s S&D update from USDA showed higher corn and lower soybean stocks than anticipated, although wheat numbers were more aligned with expectations. Predictably, soybean futures are seeing a bullish session as a result, while the corn market is showing uncertainty with a slightly bearish [...]
