USDA Supply and Demand Report for June 12th, 2018

 

2018 Estimated Planted Acres (millions)

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

Jan. 17/18 Production Estimate (billions)

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

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

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

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

Corn  88.026 176.6 14.604 2.102 2.182 1.577 1.682
Soybeans 88.982 49.1 4.392 0.505 0.530 0.385 0.415
Wheat 47.339     1.080 1.070 0.946 0.955
Cash Bids
Name Delivery End Cash Price Basis Month Futures Price Basis
Local Picked Up Bid
Dlvd IL River
Shuttle Train Adair

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Quotes retrieved on June 23, 2018, 08:28:24 AM CDT
Commentary
Wheat -

Wheat futures ended the Friday session 3 3/4 to 4 cents lower. Spec funds in Chicago wheat futures and options were reported at a net short position

Soybeans -

Soybean futures settled 14 to 14 3/4 cents higher in the front months on Friday. Nearby July lost 1.21% since last Friday despite hitting a 9 1/2

Ag Market Commentary -

Corn futures closed Friday steady to fractionally mixed, as July was down 1.11% on the week. The USDA reported a private export sale of 131,300 MT

Cotton -

Cotton futures posted triple digit gains in most front months on Friday, with nearby July up 222 points. Friday’s CFTC data showed managed

Corn -

Corn futures closed Friday steady to fractionally mixed, as July was down 1.11% on the week. The USDA reported a private export sale of 131,300 MT

Lean Hogs -

Lean hog futures saw 22.5 to 65 cent losses in most contracts on Friday. The CME Lean Hog Index was up another 65 cents to $85.79 on June 20. The

Full commentary...
Market Snapshot
Quotes retrieved on June 23, 2018, 08:28:24 AM CDT
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