USDA Reports to be Released Today

FBNUS Yield Survey Live!

• Help us better help you by filling out our US yield surveyHERE!

• The survey will be open until the end of harvest season.

• But, we will send out weekly reports to respondents on yield updates.

• You can respond multiple times; we will use your latest response; so if you are not done harvesting but want to share and receive info, fill the survey out!

• We are collecting information on corn, soybeans, spring wheat, and sorghum.

• And we ask for 2020 and 2021 yields.

• All responses are anonymous and never shared or reported; we will aggregate across the state/national levels for the reports.

FBN’sTake On What It Means:We would love to hear from our members regarding harvested yields so far. This information could be used to better position ourselves ahead of key USDA reports as well as improve our marketing strategies for the rest of the crop year.

USDA Reports to be Released Today

• The quarterly Grain Stocks and Small Grains reports will be released at 11 CST today.

• From the stocks report, the trade expects a substantial rundown in U.S. inventories for corn, soybeans, and wheat from last year.

• Trade expects corn stocks at 1,155 million bushels, down from the 1,919 million last year.

• Soybean ending stocks are expected to be at 174 million bushels, down from 525 million.

• Wheat is estimated to be at 1,852 million bushels, down from 2,158 million.

• However, the report is notorious for being hard-to-predict.

• From small grains, the trade looks for a trim on wheat production from USDA’s August total, 1,697 million bushels to 1,680 million.

FBN’sTake OnWhat It Means:The reports are expected to lean supportive, as they should show a substantial rundown in inventories from last year. However, the reports often throw surprises. Regardless, the numbers will be coming as the market has been assessing early yield reports from the U.S. harvest, which is seen as crucial to replenish global supplies after a disappointing Brazilian crop and strong Chinese demand.

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