World Perspectives
wheat

WASDE Wheat

USDA’s outlook for 2020/21 U.S. wheat is for larger supplies, lower domestic use, unchanged exports, and increased stocks.  Supplies are raised as larger beginning stocks more than offset lower production.   Beginning stocks are increased on the NASS Grain Stocks report, issued June 30, which indicated higher 2019/20 ending stocks than previously estimated.  This also resulted in lowering 2019/20 feed and residual use by 61 million bushels to 74 million.   Wheat production for 2020/21 is reduced 53 million bushels to 1,824 million.  Winter wheat production is lowered 48 million bushels to 1,218 million with reductions in Hard Red Winter and Soft Red Winter.  The initial 2020/21 survey-based pr...

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Market Commentary: General Equilibrium with Weather and War

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2026 Outlook: Market Home Runs Unlikely, Use Risk Management to Stay at Bat This Year

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Summary of Futures

Mar 26 Corn closed at $4.24/bushel, up $0.0225 from yesterday's close.  Mar 26 Wheat closed at $5.155/bushel, up $0.0775 from yesterday's close.  Mar 26 Soybeans closed at $10.64/bushel, down $0.005 from yesterday's close.  Mar 26 Soymeal closed at $296.2/short ton, up $4.8 from...

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Illuminating the value of technical research

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