USDA will release its quarterly stocks and final small grains production estimates at 11 AM (CDT) Monday, 30 September. We have commented on the quarterly stocks report a number of times over the last couple of weeks. This report is the estimate of total U.S. supplies, on and off farm, as of 1 September. Because the corn and soybean harvests are so late this season, the stocks report should be relatively clean. In other words, we won't have to interpolate how many bushels of 2013 production are included in the 1 September estimates as we did a year ago. These numbers will also become the ending stocks estimates for MY 2012/13 that ended 31 August.Old crop corn supplies were the first or second smallest on record, but the stocks number for...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
From WPI Consulting
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