USDA Cuts Forecast for U.S. Soybean Exports Again and Revises Other Estimates Today USDA unsurprisingly further reduced its forecast for U.S. soybean exports in 2017/18 by an additional 60 million bushels (1.633 MMT) to 2.1 billion bushels (57.16 MMT). With no other changes, the result was a 60-million-bushel increase in ending stocks to 530 million bushels (14.43 MMT), which equals a stocks-to-use ratio of 12.5 percent. USDA raised Brazil’s soybean crop by 2 MMT to 112 MMT and reduced Argentina’s from 56 MMT to 54 MMT. Considering private forecasters are now estimating the latter crop at 50-51 MMT, it can be argued that USDA was slightly too conservative in not lowering it even more. It made relatively few other revisions to...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
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