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USDA Lowers Soybean Stocks and Corn Yield

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Audio: January WASDE report

USDA today released its January Crop Production, World Agricultural Supply and Demand Estimates (WASDE), Quarterly Stocks and Winter Wheat Seedings reports. WHEAT: The outlook for 2020/21 U.S. wheat this month is for stable supplies, higher domestic use, unchanged exports, and lower ending stocks. Feed and residual use is raised 25 million bushels to 125 million [.]

Corn prices above $5 warranted with bullish USDA reports, analyst says

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