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USDA May 12 Supply/Demand Mostly as Expected

  • USDA estimated US 2020/21 corn carryout at 1,257 mil bu vs 1,275 expected and 1,352 in April

  • USDA estimated US 2020/21 soybean carryout at 120 mil bu vs 117 expected and 120 in April

  • USDA estimated US 2020/21 wheat carryout at 882 mil bu vs 846 expected and 852 in April

  • Now price discover up to US summer weather

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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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