Home News Feed USDA Surprises With Smaller Yield Estimates

USDA Surprises With Smaller Yield Estimates

SHARE

The USDA released its January Crop Production, WASDE, and Grain Stocks reports today causing a bullish reaction from the U.S. markets, initially.

In its January Supply/Demand and Crop Production Reports, the USDA upped its U.S. 2015/16 soybean carryout from its November estimate of 465 million bushels to 440 million bushels, above the average trade estimate of 468 million bushels.

For corn, the U.S. 2015/16 carryout is seen at 1.802 billion bushels, compared with the average trade estimate of 1.785 billion bushels, equal to the USDA’s last estimate in November. 

SHARE
Previous articleMorning Outlook
Next articleMidday Update