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November 10 USDA Supply/Demand Report Recap

  • USDA estimated US 2020 corn crop at 14,507 mil bu versus 14,659 expected and 14,722 in Oct

  • USDA estimated US 2020 soybean crop at 4,170 mil bu versus 4,251 expected and 4,268 in Oct

  • USDA estimated US 2020/21 corn carryout at 1,702 mil bu versus 2,033 expected and 2,167 in Oct

  • USDA estimated US 2020/21 soybean carryout at 190 mil bu versus 235 expected and 290 in Oct

  • USDA estimated US 2020/21 wheat carryout at 877 mil bu versus 881 expected and 883 in Oct

  • USDA estimated World 2020/21 corn carryout at 291.4 mmt versus 296.3 expected and 300.4 in Oct

  • USDA estimated World 2020/21 soybean carryout at 86.5 mmt versus 87.4 expected and 88.7 in Oct

  • USDA estimated World 2020/21 wheat carryout at 320.4 mmt versus 319.7 expected and 321.4 in Oct

  • USDA estimated US 2020/21 corn exports at 2,650 mil bu versus 2,325 in Oct

  • USDA estimated US 2020/21 soybean exports at 2,200 mil bu versus 2,200 in Oct

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