In Friday’s WASDE report, the USDA increased 2018/19 corn ending stocks by 100M bushels, based on a projected 25M bushel decrease in corn usage for ethanol and a 75M bushel reduction in corn export forecast.
Read MoreThe USDA’s annual cattle inventory report (originally scheduled for Jan 31) was released on Feb 28. The USDA said there were 94.8M head of cattle in the U.S. on Jan 1, up 0.5% from a year ago.
Read MoreThe USDA is just about back on schedule with reporting. In Friday’s Cattle on Feed Report, the USDA said new placements onto feedlots in Dec 2018 were down 1.8% vs. Dec 2017.
Read MoreIn the delayed Grain Stocks Report, the USDA raised 2018/19 soybean oil output due to increased crush and a higher oil extraction rate.
Read MoreThe USDA released a slew of data on Friday, including Feb’s WASDE report – the first in two months. The Jan WASDE was cancelled due to the gov’t shutdown.
Read MoreShutdown Update: The USDA is finally getting back on track and Feb 8 is looming as a big day. While Jan’s WASDE report will be skipped, Feb’s WASDE will be released on schedule this Friday.
Read MorePresident Trump reached a deal with congressional leaders on Friday to reopen the government for three weeks.
Read MoreThe Super Bowl match-up is set and just 2 weeks away. Congrats to the Rams and Patriots!
Read MoreThe U.S. economy was humming in 2018. Employers added 220,000 jobs/month (on average) in 2018, well above 2017’s 182,000 monthly pace.
Read MoreFrom a commodity standpoint, the U.S. government shutdown is a minor disaster. Unlike the 2013 shutdown, USDA AMS Market News is now an “essential” service.
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