Soybean export sales, shipments slow further

Export sales and shipments of 2020/21 soybeans were both on the low side the week of Mar. 18. Sales were offset by 152,500 MT of reductions for unknown destinations, a slightly higher level of cancellations than we saw over the previous couple weeks. Exports [...]

Lower U.S., global soybean stocks

Soy complex futures closed on Friday nearly flat with the week’s start. Last Thursday’s WASDE report reflected a smaller-than-expected downward revision in U.S. soybean stocks, leaving the market little to get excited about. Global soybean stocks were lowered by about 1 MMT. The only [...]

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 [...]

Corn stocks reported below industry estimate

As of Mar. 1, 2020, U.S. corn stocks were just over 7.95 billion bushels, down roughly 8 percent YOY and below trade expectations. A stocks figure under the industry estimate may suggest that 2019/20 production was lower than reported. Soybean stocks were just over [...]

USDA estimates corn acreage up, soybean down

The USDA Acreage report surprisingly estimates planted corn acreage at 91.7 million acres, a few million acres above pre-report estimates and slightly higher than the June WASDE forecast. On the other hand, soybean planted acreage is estimated at an even 80 million acres, a [...]

2017/18 corn, soybean stocks end higher than expected

In today’s Grain Stocks report, USDA put corn stocks for 2017/18 at 2.140 billion bushels, up from 2.002 billion USDA estimated earlier in September. In the Sep. 12 WASDE report, USDA had lowered projected stocks from 2.027 billion bushels to 2.002 billion based on [...]