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April 9 USDA Report Recap

  • As expected USDA dropped US corn carryout but to only trade guess. CK is up 1 cent and near 5.80. High was 5.95.

  • USDA dropped US soybean residual and left US soybean carryout at 120. They raised Brazil soybean crop 2 mmt to 136. SK is down 7 cents and near 14.07.

  • USDA dropped World wheat stocks 5 mmt due to lower China. WK is up 8 cents and near 6.36. High was 6.46.

  • USDA failed gain to give bulls bullish news. Now we trade weather.


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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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