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U.S. balance sheets for corn and sorghum are unchanged this month in the monthly WASDE report. The projected season-average farm prices for corn and sorghum are unchanged this month at $3.75 to $4.25 per bushel and $3.65 to $4.15 per bushel, respectively.
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The table below shows a few economic measures the nightly news has discussed in the past few months. Allendale has gone a few months back to give you a little context on how these numbers may have changed. It is no coincidence last week's break in CME
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Projected U.S. soybean ending stocks for 2007/08 are reduced 20 million bushels to 140 million this month, the lowest since 2003/04. Soybean exports are raised 20 million bushels to 1,025 million reflecting strong sales, especially to China, and reduced
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