Find out what we should expect to see in the report and how that will affect the corn market.
The USDA’s June WASDE report of world supply and consumption projections contained a number of changes from the May report for corn and soybeans.
You should be watching these specific factors for pricing opportunities during the summer months.
The consumption projections for corn and soybeans reflect the potential market size under a scenario consisting of substantial supplies and lower prices.
The recent pace of exports in soybean and corn markets and the implications for stocks at the end of the marketing year is considered in this post.
Looking forward to the new crop season, the potential for strengthening corn prices is present due to the possibility of a decline in stocks associated with lower corn acreage in 2017.
After the release of the March 31 Prospective Plantings Report and the April WASDE Report, the corn and soybean markets now turn their focus to spring planting.
What do the two reports mean for corn and soybeans in 2017?
If corn planting intentions are near the low end of expectations, the report could provide support for old- and new-crop prices.
This soybean stocks estimate may not provide much new info despite recent growth in marketing year ending stocks and concerns about the size of the SAM crop.