Written Commentary
- USDA punted their numbers to March . SK is 1388 +2, CK is 553 -10. WK is 650 -9
- USDA estimated US corn carryout near 1,502 mil bu versus 1,392 expected and 1,552 last month
- USDA estimated US soybean carryout near 120 mil bu versus 123 expected and 140 last month
- USDA estimated US wheat carryout near 836 mil bu versus 834 expected and 836 last month
- USDA estimated World corn carryout near 286.5 mmt versus 279.8 expected and 283.8 last month
- USDA estimated World soybean carryout near 83.3 mmt versus 83.3 expected and 84.3 last month
- USDA estimated World wheat carryout near 304.2 mmt versus312.8 expected and 313.2 last month
- USDA estimated Brazil corn crop at 109.0 mmt versus 108.4 expected, soybean crop at 133.0 versus 132.5 expected
- USDA estimated Argentina corn crop at 47.5 mmt versus 47.0 expected, soybean crop at 48.0 versus 47.6 expected
- USDA estimated China corn imports at 24.0 versus 20.0 expected, soybean imports near 100.0 versus 101.0 expected
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