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USDA Sep 12th Supply/Demand Recaps

Report Highlights

  • USDA estimate of US 2022 soybean crop and 2022/23 soybean carryout much lower than expected
  • USDA estimate of US 2022 corn crop and 2022/23 carryout in line with estimates
  • USDA raised World wheat crop especially in Russia and Ukraine
  • Markets will now focus on demand especially if global economies slow.

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Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

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