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Author Archives: Leanne Boyce

April Supply-Demand Summary

April S&D Highlights April 9, 2019 Market Trend CORN: A little negative at release but the 200 mbu increase in the USDA’s carry-out forecast was only 20 or so above the average trade estimate. The USDA’s new feed/residual forecast—down just 75 mbu from March—suggests over a 30% increase in MAM GCAU consumption so this story… Read more »

March Supply-Demand Summary

March S&D Highlights March 8, 2019 Market Trend CORN: A smidgeon negative with the USDA trimming U.S. corn FSI (ethanol) and exports by 25 and 75 million, respectively. The 100 mbu addition to stocks puts carry-out at 1.835 billion, or 84 mbu above the average trade guess and matching the high end of the range…. Read more »

February Supply-Demand Summary

February S&D Highlights February 8, 2019 Market Trend CORN: The trade was somewhat on the high side with its pre-report stocks estimate of 2.467 billion. The USDA came in 115 million lower as production issues in Argentina and to a much lesser extent in Ukraine have boosted U.S. export prospects. The latter forecast was raised… Read more »

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