The latest WASDE report from USDA shows, the initial outlook for 2020/21 U.S. wheat is for smaller supplies, decreased domestic use, lower exports, and reduced stocks reports KFGO.
The 2020/21 outlook for U.S. soybeans is for higher supplies, crush, exports, and lower ending stocks compared to 2019/20.
The corn crop is projected at a record 16 billion bushels, up from last year on increased acres and a return to trend yield. The yield projection is 178.5 bushels per acre.
See the full WASDE report here.
