USDA estimated U.S. 2020 corn crop near 15,278 versus 15,174 expected and 13,617 last year.
USDA estimated U.S. 2020 soybean crop near 4,425 versus 4,254 expected and 3,552 last year.
USDA estimated U.S. 2020 wheat crop near 1,838 versus 1,832 expected and 1,920 last year.
USDA estimated U.S. 2020/21 corn carryout near 2,756 versus 2,800 expected and 2,248 last year.
USDA estimated U.S. 2020/21 soybean carryout near 610 versus 524 expected and 620 last year.
USDA estimated U.S. 2020/21 wheat carryout near 925 versus 946 expected and 1,044 last year.
USDA estimated World 2020/21 corn carryout near 316.8 mmt versus 320.3 expected and 311.9 last year.
USDA estimated World 2020/21 soybean carryout near 95.8 mmt versus 97.5 expected and 99.6 last year.
USDA estimated World 2020/21 wheat carryout near 316.8 mmt versus 313.8 expected and 297.1 last year.
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.