Archive by tag: USDA ReportReturn

January USDA Supply & Demand

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In today’s major USDA supply and demand report, most traders were surprised by larger corn feed demand numbers, up 100 million bushels and ethanol by another 50 million bushels. Corn ending stocks were reduced to 1.631 billion bushels from December report at 1.792 billion bushels. The trade guess average was too high by 224 million bushels or 12%! To tighten stocks further, final corn yield numbers were reduced to 158.8 bu/acre. Our position has been current corn values are cheap enough to s...
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Categories: USDA Data | Tags: USDA Report | Comments: (0) | View Count: (3247)

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