Implications of USDA Grain Stocks and Prospective Plantings Reports for Corn and Soybean Prices
March 29, 2019
The webinar will review USDA’s March 29 Grain Stocks and Prospective Plantings reports and considers balance sheet and price implications for both old and new crop corn and soybeans. The USDA’s estimate of March 1 stocks of corn and soybeans will provide a clearer picture of total 2018-19 marketing year consumption, ending stocks, and price prospects. The report will be especially important for projecting the magnitude of domestic corn consumption for feed use. The magnitude of planting intentions will clarify prospects for the size of the 2019 corn and soybean crops with implications for the 2019-20 balance sheets and price prospects.