Monthly Archives: February 2017

S/D Balance Sheets Released at Outlook Forum

Good morning. Grain and soybean markets are little changed this morning as traders look at S/D balance sheets released at the Outlook Forum about an hour ago. The USDA in its 2017/18 balance sheets is using a corn yield of 170.7 and soybeans at 48.0. Total corn demand next year is down 400 million bu. as exports are 315 million bu. lower and feed /residual is 150 million bu. less. Ending stocks are projected at 2.215 (current 16/17


Awaiting Word from the USDA Outlook Forum

Good morning. Grains and soybeans are slightly lower as begin the day with traders awaiting news from the USDA’s annual Outlook Forum which began this morning. The USDA will give updated projections for planted acreage this spring as well as 17/18 ending stock estimates for corn, soybeans, and wheat. Of course, these projections are just that and a lot will change in the coming months, but the forum will provide fodder on which the market trades near-term. The