Pre-WASDE estimates: Corn stocks slightly lower

On average, the industry expects USDA to lower its 2020/21 domestic corn ending stocks forecast from 1.702 billion bushels to 1.691 billion bushels in Thursday’s WASDE. This estimate may reflect an anticipated increase to exports. Globally, 2020/21 ending stocks are expected to drop by [...]

Acreage report to impact July WASDE numbers

This month’s WASDE is set for release on Friday, Jul. 10, and as usual, the industry will see how its expectations stack up against USDA corn and soybean market forecasts. The Jun. 30 Acreage report, which saw lower corn acres and higher soybean acres, [...]

Pre-WASDE poll: New-crop corn production to drop

Looking at the pre-WASDE trade estimates via Bloomberg, the industry is expecting the new-crop U.S. corn production forecasts to drop to 15.917 billion bushels, down 78 million bushels from the May forecast. The expected drop in 2020/21 corn production is likely due to revised [...]