On Thursday, USDA released the May 2022 World Agricultural Supply and Demand Estimates report giving us the first look at the 2022/2023 balance sheets. USDA surprisingly lowered U.S. corn yield projections from 181 bu/acre to 177 bu/acre on today’s report.
Reaction and analysis with Jesse Allen and Arlan Suderman of StoneX following the release of the report:
USDA report balance sheets below courtesy of Professional Ag Marketing:
View the full WASDE report here: https://www.usda.gov/oce/commodity/wasde/wasde0522.pdf
Also, watch USDA’s livestream of the report below: