USDA Report

Prices are higher. USDA lowered US 2015 corn and soybean crop. USDA also dropped US 2015/16

soybean carryout

 

SH is up 14 cents and near 8.75

CH is up 5 cents and near 3.57

WH is up 6 cents and near 4.76

 

 

2015 US crop production (Million Bushels, Except Cotton in Thousand Bales)

2014       2015                   Ave Trade         Trade

Crop               Final       USDA      USDA   Estimate           Range

Corn             14,216    13,654    13,601    13,646    13,525 – 13,770

Soybeans       3,927       3,981     3,930       3,981      3,926 – 4,043

All Cotton    16,319     13,031    12,940        NA             NA – NA

2016 US winter wheat seedings (Thousand Acres)

Ave Trade         Trade

Class                 2015       USDA        Estimate           Range

HRW               28,978     26.50         28,810    27,576 – 29,592

SRW                  7,087        6.70           7,144      6,400 – 8,539

White                3,396        3.40           3,366      3,250 – 3,500

All Winter       39,461      36.60       39,320    38,250 – 40,796

Dec. 1, 2015 grain and soybean stocks (Million Bushels)

Ave Trade         Trade

Crop        Dec. 1, 2014  USDA      Estimate         Range

Corn              11,211    11,216       11,237  11,073 – 11,440

Soybeans        2,528      2,715         2,720     2,590 – 2,850

Wheat             1,530      1,738         1,698      1,670 – 1,732

US 2015/16 ending stocks (Million Bushels, Except Cotton in Million Bales)

USDA      USDA       Ave Trade         Trade

Crop          December January      Estimate           Range

Corn               1,785     1,802           1,785        1,642 – 1,860

Soybeans          465        440              468            430 – 492

Wheat               911        941              919           891 – 941

Cotton              3.00       3.10               NA             NA – NA

 

 

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

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