USDA Supply and Demand Report for May 10th, 2018

 

2018 Estimated Planted Acres (millions)

Jan. 17/18 Yield Estimate (bu/A)

Jan. 17/18 Production Estimate (billions)

May 17/18 U.S. Ending Stocks (billions)

April 17/18 U.S. Ending Stocks (billions)

May 18/19 U.S. Ending Stocks (billions)

Corn  88.026 176.6 14.604 2.182 2.182 1.682
Soybeans 88.982 49.1 4.392 0.530 0.550 0.415
Wheat 47.339     1.070 1.064 0.955
Cash Bids
Name Delivery End Cash Price Basis Month Futures Price Basis
Local Picked Up Bid
Dlvd IL River
Shuttle Train Adair

View all cash prices...
Quotes retrieved on May 25, 2018, 01:57:51 AM CDT
Commentary
Wheat -

Wheat futures also joined in the selloff ahead of the weekend, with winter wheat contracts steady to 4 cents lower. MPLS spring wheat was down 6 to

Corn -

Corn futures were weak into the close on Thursday, down 3 to 4 1/4 cents lower in the front months. Traders were taking money off the table ahead of

Cattle -

Live cattle futures were down 35 cents to $1.05 on the day. Feeder cattle futures were mostly lower, with May expiring higher at $136.40. The CME

Lean Hogs -

Lean hog futures were one of the bright spots in the commodity complex on Thursday, with most contracts steady to 55 cents higher. The CME Lean Hog

Cotton -

Cotton futures posted strong gains of 50 to 150 points in most contracts on Thursday. The dollar provided a little support, down 229 points.

Ag Market Commentary -

Corn futures were weak into the close on Thursday, down 3 to 4 1/4 cents lower in the front months. Traders were taking money off the table ahead of

Full commentary...
Market Snapshot
Quotes retrieved on May 25, 2018, 01:57:51 AM CDT
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Local Weather

Industry, Illinois (61440)

Current Conditions: Clear
Temperature: 73°F Dew point: 61°F
Humidity: 66% Pressure: 30.00 in. Hg
Wind: 7 mph From: Southeast

Forecast

Friday

Hi: 88°
Lo: 66°
Saturday

Hi: 90°
Lo: 68°
Sunday

Hi: 91°
Lo: 68°
Monday

Hi: 90°
Lo: 68°
Tuesday

Hi: 88°
Lo: 68°

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