USDA Supply and Demand Report

Each month USDA updates various estimates of supply and demand and revises its moving target for where stocks will end at the end of the marketing year, August 31 for corn and soybeans and May 31 for wheat. For this month’s yield numbers USDA used both the monthly farmer survey with their in-field analysis. More weight was given to the in-field numbers than the farmer survey. Today’s production numbers came from 8,346 farmer surveys and 2,905 in-field counts. Corn: There was no change to the o

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