SOYBEANS The USDA Supply/demand report for soybeans was considered slightly bearish as ending stocks came in at 435 million bushels compared to the average estimate of 418 million bushels. The range of estimates was 400 to 444 million bushels and compared to February’s 420 million bushels. While crush was revised up by 10 million bushels, […]
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CORN The USDA Supply/demand update for corn was considered bearish against trade expectations as US and world numbers were negative. The USDA pegged US ending stocks at 1.837 billion bushels from trade expectations for 1.809 billion bushels (range of 1.752-1.852 billion) and compared with 1.802 billion last month. Exports were revised lower by 50 million bushels […]
The USDA reports today can give us a better look at the new crop supply demand set-up. We had a look at the numbers and wrote up a nice summary of our thoughts and analysis.
The USDA Prospective Plantings and Grain Stocks reports on March 31st look to have an outsized impact on corn and soybean price trends for 2015. With profitability for corn and soybeans falling significantly relative to recent history and a very narrow difference expected between corn and soybean profit margins as we head into the planting […]
To help commercial hedgers sort through heightened uncertainty around the March 31 USDA Prospective Plantings report, Dave Hightower will be presenting the first part of a two-part series with the CME Group. Some of the key topics he will cover: How will relative profitability change? Will soybean acreage be lower in 2015-16 or will U.S. farmers […]
One of the most volatile USDA report days of the year will be January 12th, when the December 1st Grain Stocks Report, the “final” Crop Production Report for 2014 crops, the monthly Supply/Demand updates and Winter Wheat Seedings estimates for the 2015/16 season will all be released. The big picture fundamentals for the grain markets […]
[box type=”download” icon=”none”]Our annual Commodity Trading Guide is the Go-To resource for traders all over the world. The 2015 issue will feature 5 Trades for a long-term bottom in commodities! Pre-Order yours today! [/box] Since the last time we did this study was so popular, we decided to give it an update for the October to November and November […]
The recent rallies in corn and soybeans could be presenting be an opportunity to position for a bearish outcome from the USDA Crop Production and supply/demand (WASDE) reports this Friday, October 10th. Traders seem convinced that there will be a significant drop in harvested acres for both corn and soybeans in the reports, but we remain skeptical. The cold spring […]
The USDA will release its annual September 1st Grain Stocks report on Tuesday, and unlike most years, there appears to be little interest in the report this season. Soybean stocks are tight, and there is some uncertainty about how demand has been running for wheat and corn over the past quarter, but a few million […]
We did a quick study looking at revisions made by the USDA to Corn and Soybean production estimates. The changes we looked at were between August and September Supply & Demand reports and the September and final values.