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USDA June 10 Report Recap

  • USDA raised US soybean carryout 15 mil bu due to lower crush. Market feels they are 45 mil too low in export.

  • USDA lowered US corn carryout 150 mil bu to 1,107 due to 75 higher ethanol and 75 higher exports. USDA could still be 200 mil bu too low in demand. 

  • USDA dropped Brazil corn crop to 98.5. Some are below 90.

  • Now we trade weather with US Midwest 2 week forecast warmer and drier than normal.

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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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