New Crop Corn and Soybean Marketing Decisions
April 1, 2015 @ 8:00 am - May 1, 2015 @ 9:00 am CDT
Darrel Good, Scott Irwin and John Newton review USDA’s March 31, Grain Stocks and Prospective Plantings reports and consider 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 2014-15 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 clarifies prospects for the size of the 2015 corn and soybean crops with implications for the 2015-16 balance sheets and price prospects.