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September USDA Recap

  • SX is near 9.93 +15, CZ is near 3.68 +3, WZ is near 5.46 -1.
  • USDA estimated US 2020 corn yield near 178.5 versus 178.3 expected and 181.8 in August.
  • USDA estimated US 2020 soybean yield near 51.9 versus 51.8 expected and 52.3 in August.
  • USDA estimated U.S. 2020/21 corn carryout near 2,756 versus 2,800 expected and 2,248 last year.
  • USDA estimated US 2020/21 corn carryout near 2,503 versus 2,451 expected and 2,756 in August.
  • USDA estimated US 2020/21 soybean carryout near 460 versus 465 expected and 610 in August.
  • USDA estimated World 2020/21 corn carryout near 316.8 mmt versus 320.3 expected and 311.9 last year.
  • USDA estimated US 2020/21 wheat carryout near 925 versus 924 expected and 925 in August.
  • USDA estimated World 2020/21 corn carryout near 306.7 versus 311.1 expected and 317.4 in August.
  • USDA estimated World 2020/21 soybean carryout near 93.6 versus 93.1 expected and 95.3 in August.
  • USDA estimated World 2020/21 wheat carryout near 319.3 versus 315.8 expected and 316.7 in August.

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