On Wednesday, USDA released the January WASDE report along with Quarterly Grain Stocks, Winter Wheat Seedings as well as updates to South American production estimates in one of the year’s biggest data dumps. Below is a recap of the numbers from USDA as well as commentary from our partners at DTN/Progressive Farmer. Also, we have a recap from Arlan Suderman of StoneX coming soon.
January WASDE Report from USDA: https://www.usda.gov/oce/commodity/wasde/wasde0122.pdf
USDA Quarterly Grain Stocks: https://release.nass.usda.gov/reports/grst0122.txt
USDA 2021 Crop Production Summary: https://release.nass.usda.gov/reports/cropan22.txt
USDA Winter Wheat and Canola Seedings: https://release.nass.usda.gov/reports/wtrc0122.txt
OMAHA (DTN) — USDA increased corn ending stocks in the 2021-22 crop by 47 million bushels (mb) to 1.54 billion bushels (bb) and increased soybean stocks by 10 mb to 350 mb on Wednesday.
USDA also showed a record corn yield in the 2021-22 crop at 177 bushels per acre (bpa), beating the 2017 record of 176.6 bpa.
According to DTN Lead Analyst Todd Hultman, Wednesday’s new U.S. ending stocks estimates were slightly bearish for corn and neutral for soybeans and wheat, while the world ending stocks estimates were bullish for corn and soybeans and were neutral for wheat. Hultman pegged the Dec. 1 Grain Stocks report numbers as neutral for corn and soybeans and were bullish for wheat.
More from our partners at DTN/Progressive Farmer here: https://www.mydtn.com/agriculture/web/ag/news/article/2022/01/12/usda-releases-january-wasde-dec-1
Below are tables courtesy of Professional Ag Marketing. More at http://www.professionalagmarketing.com/