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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, December 03, 2024
The Department of Agriculture slightly raised 2020/21 beginning and ending corn stocks in the World Agricultural Supply and Demand Estimates (WASDE) report released Thursday, but traders showed little reaction.
Grain markets barely reacted to USDA’s World Agricultural Supply and Demand Estimates report released Tuesday as U.S. corn ending stocks for this marketing year are expected to grow but not as high as traders had expected.
Department of Agriculture officials dropped corn used to produce ethanol by 375 million bushels in this month’s World Agricultural Supply and Demand Estimates report released Thursday, while raising corn, soybean, and wheat ending stocks.
Producers are expected to plant 7.29 million more corn acres, 7.6 million more soybean acres, and 451,000 fewer wheat acres this year, according to USDA’s Prospective Plantings report released Tuesday.
