News item from the NAFB National Ag News
May WASDE Report Mostly Neutral
USDA Releases Latest WASDE Report
The U.S. Department of Agriculture’s latest World Agriculture Supply and Demand estimates report released Friday offered no changes to U.S. corn ending stocks and increased the ending stocks estimate for soybeans. USDA increased soybean ending stocks for new-crop soybeans to 495 million bushels, up from 480 million last month, and left new-crop corn ending stocks unchanged at 2.1 billion bushels. The season average corn price estimate received by producers is unchanged from last month at $3.00 to $3.80 per bushel. The season-average price for soybeans was forecasted at $8.30 to $10.30 per bushel, and the season-average farm price for wheat is projected at $3.90 to $4.70 per bushel, up five cents from the latest report. USDA will release its U.S. acreage and grain stocks reports on June 30th.
The current World Agricultural Supply and Demand Estimates (WASDE) is now available in PDF, XML, and Microsoft Excel formats at:
Acrobat Reader, which is required to view and print the WASDE report, can be downloaded at:
The next release of the WASDE report will be July 12, 2017
Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194.