USDA Supply/Demand and Crop Production Report for May 12th, 2020

 

2020

Planted Acres (millions)

Yield Estimates 2020 (bu/A)

2020 U.S. Production (billions)

 

May20/21 U.S. Ending Stocks (billions)

May 19/20 U.S. Ending Stocks (billions)

Corn  97.0 178.5 15,995   3.318 2.098
Soybeans 83.5 49.8 4.125   405 580
Wheat 44.7  49.5 1.866   909 978
Cash Bids
Name Delivery End Cash Price Basis Month Futures Price Basis
Dlvd IL River

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Quotes retrieved on May 30, 2020, 02:26:57 PM CDT
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
Marketing Program
Commentary
Cattle Close Lower for Weekend -

Cattle futures traded $1.37 to $1.75 lower on Friday. For June contracts that wasn’t enough to erase previous moves, as June cattle closed 2.5%

Corn Closes Lower on Friday Pullback -

Corn futures were down 1 1/4 to 1 3/4 cents following the Thursday gains. Private exporters reported a large sale of 101,600 MT of 2019/20 corn to

Wheat Added more Gains -

The U.S. wheat markets continued the gains from yesterday closing the week 2.2 to 5.8% higher. KC was up the most on Friday closing 6 to 6 1/2 cents

Cotton Firm and Mixed on Friday -

Front month cotton futures came back from midday lows and ended the session within a dime on either side of UNCH. July and October futures were 2

Soy Complex Closes in Red -

Friday trading closed the week with losses of less than 1%. Old crop futures were down 5 to 6 1/4 cents and new crop soybeans settled 1 to 4 1/4

Hogs Come Back from Midday Lows -

Lean hog futures rallied back from midday losses and closed $0.95 to $1.70 higher. Save for June hogs which ended Friday’s session with a 7 cent

Full commentary...
Market Snapshot
Quotes retrieved on May 30, 2020, 02:26:57 PM CDT
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Notices

DP Rates

Corn Free through Aug

 

Soybeans Free through Aug

 

 

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