Independent Agri Commodity Insights
The October USDA WASDE is viewed as the first relatively accurate representation of northern hemisphere grain and oilseed supply, combined with growing confidence in the outlook for the southern hemisphere. Wheat / Barley The October USDA WASDE finally upped Russian wheat production estimates to 83MT, in line with market expectations.…
The USDA shocked the market at the very end of September, releasing stock estimates far below market expectations. Surveying 62.5K producers for on farm stocks and commercial operations, the USDA 1st of September stocks for corn, soy and wheat were expected by analysts to be far larger than the survey…
September USDA WASDE Overview Following the storms in the US and production concerns prior to harvest, this September USDA WASDE is an essential benchmark for how global markets trade. The much-awaited September USDA WASDE has confirmed views that up to 10MT of US corn production has been lost following the…
Corn / Maize The August USDA WASDE increased the 2020/21 US corn production estimate by 7MT to 388MT, with ending stocks up 2.7MT to 70MT. Adding further bearish tones to US corn have been reductions in EU ethanol production. Production of Ethanol fell last week to 918KBbl per day, down…
Signup for email updates – click here The long-awaited USDA June Acreage report has given some food for thought. June USDA Acreage Report: Corn: At 92M acres, the planted area is still +3% year on year. However, 5M acres less than the March estimate at 97M acres. Chicago Corn futures…