Home Crop Monitoring No big surprises in September WASDE report

No big surprises in September WASDE report

[ad_1]

Surprises have been few and much between in the U.S. Division of Agriculture (USDA)’s September World Agricultural Provide and Demand Estimates (WASDE) report on Friday. The main figures have been largely in line with pre-report estimates.

On the yield aspect of issues, U.S. corn and soybeans got here in simply barely above commerce estimates. Corn was estimated at 176.3 bu/ac in comparison with the typical commerce guess of 175.8 bu/ac, whereas soybeans got here in at 50.6 bu/ac versus the estimated 50.4 bu/ac.

 

Ending inventory numbers from the USDA have been additionally in line with commerce guesses:

USDA made some cuts to present 12 months soybean crush by 25 million bushels, whereas rising the exports by 35 million.

World wheat ending shares for 2021-22 have been reported at 283.2 MMT, barely above the 279 MMT expectations. World soybean carryout was in line with expectations, at 98.9 MMT versus 97 MMT. The USDA’s world corn ending inventory estimate for 2021-22 was larger than expectations, nonetheless, at 297.6 MMT as an alternative of the typical commerce guess round 286 MMT.

As Matthew Pot, of Grain Views, summarizes, the commerce report got here in precisely as anticipated. “Still looking at the fact that we’re in the middle of September, there’s lots of seasonality still at play in the next two weeks,” he says.

Pot provides extra perception in this interview with RealAg Radio host Shaun Haney under:



[ad_2]

Source link

Most Popular

Forest Laws Within The Republic Of The Congo

An quantity equal to the amount by which the quantity of the payment or judgement, as the case could also be, together with the...

Air Conditioners Must Be Cleaned Regularly To Ensure Efficiency And Clean Air

The vent hose is usually about 5 feet extremely. An exhaust hose kit designed to let you vent the hose any window along with...

Window Air Conditioning Equipment Not Cooling Properly

One of this common problems encountered by customers of portable units is its noise. Consumers tag the Royal Sovereign ARP1000ES as the quiet ChilWell...

Listing Of First Ladies Legal Professionals And Judges In Europe

Should you might have any additional questions, please be at liberty to contact Guzmán Ramírez () and/or Domingo Pereira (). The reasons for our...