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USDA Jan 12 Supply/Demand Report Review

Report Highlights

  • USDA January numbers were close to trade pre report estimates
  • USDA raised slightly US 2021 corn and soybean crop
  • USDA increased US 2021/22 corn, soybean and wheat carryout
  • USDA did lower South America crops but not as much as bulls hoped
  • USDA increased US 2022 winter wheat acres as expected


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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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