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March 8 USDA Crop Report Recap


  • USDA lowered Argentina corn crop 7 mmt to 40.0, soybean crop 8 mmt to 33.0
  • USDA continued to estimate Russia wheat at 92.0 vs est closer to 104.0
  • USDA dropped US soybean carryout 15 mil bu, higher exports offset lower crush
  • USDA raised US corn carryout 75 mil bu due to lower exports
  • Now we trade USDA March 31 report, 2023 weather and money flow


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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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