Updated Supply and Demand for Corn and Soybeans
March 31, 2020 @ 2:00 pm - 3:00 pm CDT
The webinar will review USDA’s March 31 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 2019-20 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 2020 corn and soybean crops with implications for the 2020-21 balance sheets and price prospects.