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Archive by tag: WASDEReturn
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10

March USDA Supply & Demand

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Today’s mid-day release of the latest supply/demand number pegged corn ending stocks at 1.456 Billion bushels, within the trade guess range. Soybean ending stocks were reported at 145 million bushels, slightly higher than the average trade guess but well within the range. I think it is as much Chinese cargo cancellations from Brazil that has the oilseed complex lower early this afternoon. The USDA also chose to raise soybean imports (+5 million bu) , suggesting they see price advantages comi...
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Categories: | Tags: WASDE , USDA Report | View Count: (4785)
10

January USDA Supply & Demand

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In today’s major USDA supply and demand report, most traders were surprised by larger corn feed demand numbers, up 100 million bushels and ethanol by another 50 million bushels. Corn ending stocks were reduced to 1.631 billion bushels from December report at 1.792 billion bushels. The trade guess average was too high by 224 million bushels or 12%! To tighten stocks further, final corn yield numbers were reduced to 158.8 bu/acre. Our position has been current corn values are cheap enough to s...
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Categories: | Tags: WASDE , Supply & Demand , USDA Report | View Count: (4909)
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These data and comments are provided for information purposes only and are not intended to be used for specific trading strategies. This commentary is written as a daily marketing tool to help farmers sell the grain they raise. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. Past performance and testimonials are not necessarily indicative of future results. Commodity trading involves the risk of loss, and you should fully understand those risks before trading.