April 21, 2015

April 2015 USDA Supply & Demand Report

April 7th, 2015
Initial Report Thoughts:

Summary:

US Ending Stocks
USDA March 2015 Avg Estimate USDA April 2015
Corn 1.777 1.854 1.827
Soybeans .385 .370 .370
Wheat .691 .692 .684
World Stocks
Corn 185.28 186.91 188.46
Soybeans 89.53 89.53 89.55
Wheat 197.71 197.51 197.21
For questions, please contact Rich Nelson at 800-262-7538 or rnelson@allendale-inc.com

Full Analysis:

Each month USDA updates various estimates of supply and demand and revises its moving target for where stocks will end at the end of the marketing year, August 31 for corn and soybeans and May 31 for wheat. Today’s report is the monthly report after USDA’s March 31 quarterly Grain Stocks report. Typically, any changes made today only reflect the surprises found on that quarterly count of what is left over after half a year of usage. USDA will release its first official new crop balance sheet on the coming May 12 supply/demand report.

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