January USDA Report Recap

On Wednesday, USDA released the January WASDE report along with Quarterly Grain Stocks, Winter Wheat Seedings as well as updates to South American production estimates in one of the year’s biggest data dumps. Below is a recap of the numbers from USDA as well as commentary from our partners at DTN/Progressive Farmer. Also, we have a recap from Arlan Suderman of StoneX coming soon.

January WASDE Report from USDA: https://www.usda.gov/oce/commodity/wasde/wasde0122.pdf

USDA Quarterly Grain Stocks: https://release.nass.usda.gov/reports/grst0122.txt

USDA 2021 Crop Production Summary: https://release.nass.usda.gov/reports/cropan22.txt

USDA Winter Wheat and Canola Seedings: https://release.nass.usda.gov/reports/wtrc0122.txt

https://open.spotify.com/episode/2DNJsST0vRRpLWOk49kN6V?si=x4uiucwbTaOzr2WkoOGaOQ

OMAHA (DTN) — USDA increased corn ending stocks in the 2021-22 crop by 47 million bushels (mb) to 1.54 billion bushels (bb) and increased soybean stocks by 10 mb to 350 mb on Wednesday.

USDA also showed a record corn yield in the 2021-22 crop at 177 bushels per acre (bpa), beating the 2017 record of 176.6 bpa.

According to DTN Lead Analyst Todd Hultman, Wednesday’s new U.S. ending stocks estimates were slightly bearish for corn and neutral for soybeans and wheat, while the world ending stocks estimates were bullish for corn and soybeans and were neutral for wheat. Hultman pegged the Dec. 1 Grain Stocks report numbers as neutral for corn and soybeans and were bullish for wheat.

More from our partners at DTN/Progressive Farmer here: https://www.mydtn.com/agriculture/web/ag/news/article/2022/01/12/usda-releases-january-wasde-dec-1

 

Below are tables courtesy of Professional Ag Marketing. More at http://www.professionalagmarketing.com/

 

Related articles

Thursday and Friday, November 24th and 25th, 2022 Programs

***No video interviews for our holiday programs on Thursday and Friday. Markets were open for a shortened session on Friday as well. Below are links to our Thursday and Friday episodes with various interviews...

Biden Wants Rail Unions, Freight Railroads to Settle Contract Dispute Themselves

President Biden wants rail unions and freight railroads to resolve their long-running contract dispute themselves, without saying publicly if he’ll intervene or ask Congress to do so, barring an agreement. Biden Press Secretary Karine Jean-Pierre...

Wednesday, November 23rd, 2022 Video and Audio Program

Overall, trade on Wednesday was fairly quiet headed into the Thanksgiving holiday. We did find some late buying interest in grains on the session and in turn, slipped lower in cattle and hogs on...

Farm State Senators Vent Over High Diesel Prices 

High input prices helped fuel debate over the next farm bill at a recent Senate Ag Committee hearing. High diesel prices mean high food prices, as farmers and truckers struggle to pay an average...

USDA Invites Producers to Respond Online to the 2022 Census of Agriculture

The USDA mailed survey codes to all known U.S. ag producers with the invitation to respond online to the 2022 Census of Agriculture at agcounts.usda.gov. The ag census is the nation’s only comprehensive and impartial...

Latest articles

%d bloggers like this: