Started by metmike - Nov. 5, 2019, 7:30 p.m.
Trade estimates for 2019/20 U.S. ending stocks for USDA's Friday report.
Analysts have under-guessed U.S. #corn stocks the last four months, average miss 303 million bushels.
Analysts have over-guessed #soybeans in the same four months, average miss 41 million bushels.
By metmike - Nov. 8, 2019, 12:27 p.m.
Production for U.S. #soybeans is unchanged from October, but #corn yield was reduced to 167 bu/acre. Harvested area was unchanged for corn and soybeans.
By metmike - Nov. 8, 2019, 12:29 p.m.
U.S. #corn ending stocks for 2019/20 come in slightly lower than in October but above the trade guess. #Soybeans come in heavier (though still nearly half of last year). #Wheat also down from last month. Corn exports were cut by 50 mbu, soy and wheat unchanged.
By metmike - Nov. 8, 2019, 12:30 p.m.
world #corn stocks for 2019/20 come in well below trade expectations. Looks like a sizable drop in #Brazil and a few reductions elsewhere. #Soybeans up slightly from October, same with #wheat.
By metmike - Nov. 8, 2019, 12:32 p.m.
Here's the special note from the top of the report. It says that the resurvey did not suggest any changes to harvested area at this time.
By metmike - Nov. 8, 2019, 12:33 p.m.
Bullish corn-world stocks down sharply.