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US soybean 2020-21 ending stocks steady on March estimates The US Department of Agriculture’s US soybean ending stocks forecast for the 2020-21 marketing year (September-August) held steady on March estimates at 120 million bushels, the World Agriculture Supply and Demand Estimate report released April 9 showed. The forecast was unchanged on lower crushing projections and residual use, according to the report. The USDA projected US soybeans exports for 2020-21 to reach 2.28 billion bushels, up 30 million bushels on March estimates, mainly reflecting record exports through the first half of ...

April WASDE shows lower corn and higher wheat ending stocks The April World Ag Supply and Demand Estimate report from USDA calls for lower corn and higher wheat stocks in the U.S. at the end of the marketing year. The outlook for wheat calls for lower supplies, reduced domestic use, unchanged exports, and higher ending stocks. Wheat supplies are lowered to 110 million bushels because of lower-than-expected imports, while feed and residual use were lowered by 25 million bushels. Projected ending stocks were raised to 852 million bushels but are still 17 percent lower than last year. The seaso...

Missed some market news this week? Here's what Jacquie Holland, Ben Potter and our Ag Market IQ bloggers have been following. Ag Marketing IQ There was a lot of market surprise on lower U.S. acreage intentions. Will we see these numbers increase? Are they down due to higher input expenses or is it possible the USDA was too high on this same report in March 2020? I am sure any growers reading this are saying, “of course they were.” The acreage question is a big one, but there are plenty of other fundamentals in the grain picture in addition to non-ag world events that can impa...

  Last week’s Quarterly Grain Stocks report provided some hints about USDA’s adjustments that are likely in today’s WASDE report. USDA’s National Agricultural Statistics Service (NASS) pared 28 million bushels of corn from December 1, 2020 quarterly stocks last Wednesday, while adding 13 million bushels of soybeans and 29 million bushels of wheat to December 1 inventories. The adjustments were made due to late-submitted reports from off-farm and commercial storage facilities. We will see the revision in the form of an adjustment to each commodity’s residual and feed usage category ...

The US Department of Agriculture’s US soybean ending stocks forecast for 2020-21 marketing year (September-August) was held steady on February estimates at 120 million bushels, the World Agriculture Supply and Demand Estimate report released March 9 showed. The forecast was unchanged on stable exports and crushing projections, according to the report. The USDA projected US ...