News Details

USDA 2021 September Crop Report Worse than Expected but all priced in?

(Sep 10, 2021)

21/22 USDA SEPTEMBER WASDE REPORT ESTIMATES SEPT. 10, 2021 

(in Bil Bu)

USDA

SEPT

SEPT.

PRE-REPORT

AUGUST

USDA

Corn

Yield (bpa)

176.3

175.8

174.6

 

Harvested Acres (Mil/Acres)

85.1

85.1

84.5

 

Production (bbu)

14.996

14.94

14.75

 

Ending Stocks (bbu

1.408

1.380

1.242

 

Global Ending Stocks (MMT)

286.48

286.00

284.6

 

Soybeans

Yield (bpa)

50.6

50.4

50

 

Harvested Acres (Mil/Acres)

86.4

86.7

86.7

 

Production (bbu)

4.374

4.38

4.32

 

Ending Stocks (bbu

0.185

0.190

0.155

 

Global Ending Stocks (MMT)

98.89

96.90

96.190

 

Wheat

Ending Stocks (bbu

0.615

0.616

0.627

 

Global Ending Stocks (MMT)

283.22

279.00

279.1

 

Source: USDA, QTPlus, Reuters

Maurizio “Moe” Agostino
Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.