The USDA released the January WASDE, Winter Wheat Seedings, and Dec 1 Stocks report today. The big surprise was Hard Red Winter Wheat seeding were lower than expected by 2.5mm acres. The trade was looking for about 29.0mm acres of HRW wheat (KC Wheat) and the USDA projects 26.5mm acres. If projected ending stocks were… Read more.
I put together a Supply and Demand table for 2016-2017 (new crop) corn and soybeans and it was fairly neutral for corn but bearish for soybeans.