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 23, 2018, 10:41:30 PM CDT
Commentary
Cotton -

Cotton futures finished the Wednesday session with mixed trade. Nearby July was down 39 points, with other contracts higher. The US dollar index is

Ag Market Commentary -

Corn futures settled the day with most contracts 2 to 3 3/4 cents lower. The USDA reported a private sale of 140,000 MT of optional origin corn

Soybeans -

Soybean futures saw 8 to 9 1/2 cent gains in most contracts on Wednesday. Soymeal were up $3.20/ton, with front month soy oil 19 points higher. A

Wheat -

Wheat futures posted gains of 9 to 11 1/4 cents in most contracts on Wednesday. Rains pushing their way through the Northern Plains are slowing any

Corn -

Corn futures settled the day with most contracts 2 to 3 3/4 cents lower. The USDA reported a private sale of 140,000 MT of optional origin corn

Cattle -

Live cattle futures close the Wednesday session with contracts $1.20 to $1.90 higher, as June was up 55 cents while waiting for cash market

Full commentary...
Market Snapshot
Quotes retrieved on May 23, 2018, 10:41:30 PM CDT
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Industry, Illinois (61440)

Current Conditions: Clear
Temperature: 76°F Dew point: 64°F
Humidity: 67% Pressure: 30.12 in. Hg
Wind: 4 mph From: Southeast

Forecast

Wednesday

Hi: 88°
Lo: 65°
Thursday

Hi: 88°
Lo: 67°
Friday

Hi: 89°
Lo: 67°
Saturday

Hi: 89°
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Sunday

Hi: 88°
Lo: 66°

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