Leading market analysis. To view this email as a web page,
click here | | Market focus has shifted to demand
Corn: We anticipate a 61-million-bu. reduction in crop size from USDA’s November estimate on a 0.7-bu. drop in yield and a fractional change in harvested acres. While crop size ultimately may be smaller than we have plugged into our balance sheet, we may never fully know the size of the 2019 corn crop — unless USDA breaks tendency and revises it next September. USDA has said a September 2020 revision to this year’s corn crop is possible. But after the “final” crop estimate in January, we’ll make production changes in residual use.
Stay on top of market opportunities leading up to January's report with Pro Farmer's unbiased news, analysis and advice. Now with 1, 2 or 3 month options! | | |
|
| | | Soybeans: We expect USDA’s 2019 crop estimate to decline slightly in January after it left crop size virtually unchanged this month. Due to expectations for increased harvest loss amid the poor fall conditions, we shaved 0.2 bu. off USDA’s yield forecast, which trims crop size and total supplies by 15 million bushels. On the demand side of the 2019-20 balance sheet, we are slightly more optimistic than USDA on both crush and exports. We expect 30 million bu. more total use than USDA’s November projection. This would trim ending stocks to 430 million bu. — 45 million bu. less than USDA’s forecast. But at that level and with stocks-to-use still projected at 10.6%, we anticipate no change in cash price from the $9.00 average USDA forecast this month. | | |
|
| | KEY MEMBER BENEFITS
Text Message Market Alerts
| Morning & Afternoon Market Commentary
| Open-Line to our Editors
and Analysts
| Condensed News Saves You Time
| Detailed Marketing Game Plans | Daily audio reports to keep you updated when you don't have time to read
| The Best Policy Coverage Available
| Unbiased Analysis &
Trusted Commentary
| No Long-Term Commitment,
Cancel Any Time
|
| | |
|
| | | | | | | | | | LEADING POLICY COVERAGE
| | | Unbiased & exclusive reports on trade, farm bill progress, government programs and key election news from the acknowledged leader in ag policy coverage.
| | | | | | |
|
| | | | | | | | UNBIASED MARKETING ADVICE
| | | Receive timely, unbiased alerts when opportunities to lock in strong per-acre revenue arise. Pro Farmer is not a brokerage firm and does not profit from trades.
| | | | | | |
|
| | | | | | | | EDITORS'
OPEN
LINE
| | | Every Pro Farmer member enjoys open line privileges with an editor or analyst. When you need further clarification on something you read, or on advice issued, give us a call.
| | | | | | |
|
| | |
|
|
|
