Full Coverage USDA WASDE Report Released

USDA tightened the old crop balance sheets for corn and soybeans.

Corn ending stocks were 25 million bushels below last month, with the USDA increasing food, seed, and industrial use expectations. Soybean were down 10 million bushels, with a lower domestic crush guess cancelling out an increased export demand estimate. With less than a month left in its current marketing year, wheat ending stocks were unchanged.

New crop ending stocks projections for corn, soybeans, and wheat were below most pre-report expectations, but do not reflect slower than average corn and soybean planting and recent damage to the winter wheat crop.

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World Agricultural Supply and Demand Estimates June 9, 2017                                              WASDE - 566     USDA Released the World Agriculture Supply and Demand Estimates Report (WASDE) today and the market has reacted by pushing futures prices lower.To see the latest market prices and charts click Markets Quotes & Charts: /markets Full Coverage OF USDA WASDE Report World Agricultural Supply and Demand Estimates Corn WASDE: Projected Corn Production Remain Unchanged at 14,065 million bushels Wheat WASDE: Projected U.S. Wheat Supplies Are Higher on Increased Beginning Stocks, Production, & Imports Soybean WASDE: U.S. Soybean Ending Stocks Projected Up 15 million From Last Month. Cotton WASDE: U.S. Cotton Projections Show's Reduction In Exports Livestock, Poultry, And Dairy WASDE: Total Meat Production Lowered From Last Month Related Reports USDA: Export Sales Report Release Click here USDA: Crop Production Report Click here World Agricultural Weather Highlights Latest Report (PDF) Click here Understanding USDA Crop Forecasts Click here Commodity Specialists Click here Source: USDA Wasde

Source: USDA