January 10 USDA Crop Report Recap

See our infographic of the January 10 USDA Crop Report. (Click to view larger image)

Watch Steve Freed’s reaction to the Janaury Crop Report here.

• USDA January report lacked market changing updates.
• USDA failed to drop U.S. 2019 corn and soybean crop.
• USDA estimated U.S. Dec 1 corn and wheat stocks below trade guess, soybean above.
• USDA estimated U.S. corn and soybean 2019/20 carryout higher than expected.
• USDA estimate of U.S. 2020 winter wheat acres in line with trade estimate and below last year.
• Next big Ag fundamental will be signing of U.S. and China Phase one trade deal.

 

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2020-01-10T21:56:18+00:00 January 10th, 2020|