For more information call 800-622-7628 !

USDA Data

A collection/archive of USDA Report data and our post-report comments.


John Roach
John Roach
John Roach's Blog

February USDA Supply & Demand

USDA reports in line with pre-report estimates. No Surprises

As you look at the table of numbers below, you will notice the biggest change came in Brazilian soybeans, which were cut 5 million tons from last month’s estimate, but still came right in the middle of what traders expected.

The USDA expects a few more bushels of crop carryout, both in the world and U.S., but not enough of a difference to move prices.

This is about the most neutral report we have seen in a while.

Traders want to be bullish, thinking the combination of further South American crop losses, strong demand, and rampant inflation are all working in their favor. Spec funds are building bigger long positions in corn and beans and bailing out of short wheat.

U.S. equity major indexes cleared the green line 20-day moving average yesterday and are posting additional gains today.

 

 

Source: USDA, StoneX, Reuters



Comments are closed.
Loading
  • Contact Us Today!

    Our team looks forward to hearing from you.


800-622-7628

We look forward to hearing from you.

Daily Grain Plan

The Daily Grain Plan is our award winning daily e-newsletter that is delivered to your inbox every day the market is open.

About Us

Roach Ag. Marketing is a full service advisory firm founded in Perry, Iowa back in 1978 to help farmers do a better job of marketing their crops and livestock. Roach Ag Marketing moved their main office to Boca Raton, Florida after 21 cold winters in Iowa.

Contact Us

Roach Ag Marketing
568 East Yamato Rd. Ste. 200
Boca Raton, FL 33431
Telephone: 800.622.7628
E-mail: dailygrainplan@roachag.com

The trading of derivatives such as futures and options involves substantial risk of loss and you should fully understand those risks prior to trading. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. Past performance is not necessarily indicative of future results.