From United States Department of Agriculture www.usda.gov
The USDA has raised its ending stocks estimate for U.S. corn.
For the current marketing year, corn ending stocks are expected to be 1.785 billion bushels, because of a decrease in export demand.
There were no changes to the domestic balance sheets for soybeans and wheat.
World wheat ending stocks were up on the month, and corn and soybeans were down slightly.
The next set of supply and demand numbers is out January 12th, along with final 2015 U.S. corn and soybean production figures.
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World Agricultural Supply and Demand Estimates Report (WASDE) The World Agricultural Outlook Board (WAOB) serves as USDA’s focal point for economic intelligence and the commodity outlook for U.S. and world agriculture. The Board coordinates, reviews, and approves the monthly World Agricultural Supply and Demand Estimates (WASDE) report, houses OCE's Joint Agricultural Weather Facility, and coordinates USDA's Agricultural Outlook Forum. |