Farms.com Home   News

USDA Releases May WASDE Report

The USDA released its May WASDE report Tuesday morning.
 
Neil Townsend is the Chief Market Analyst with FarmLink Marketing Solutions.
 
"Some of the numbers that the market was watching were U.S. corn numbers," he said. "They're planting a huge crop and they did deliver a very big crop, almost 16 billion bushels but they were pretty optimistic on the exports and the recovery in the ethanol demand for next year. The ending stocks...are estimated at 3.3 billion bushels."
 
New-crop wheat ending stocks came in at 909 million bushels while soybeans were at 405 million.
 
Townsend notes seeding is progressing very well in the U.S.
Click here to see more...

Trending Video

Peers, neighbors and relatives all have a part in transition planning - Clint Fischer

Video: Peers, neighbors and relatives all have a part in transition planning - Clint Fischer

Making the transition from one generation to the next can be a touchy subject. Like anything communication goes a long way and it could have started in a mentoring relationship or other exchange of ideas. Clint Fischer started Braintrust Ag as a way to help facilitate the idea sharing and transitions in farming operations.