Dale Johnson, Farm Management Specialist
University of Maryland
Information from USDA November WASDE report
Attached is the summary for the November WASDE published on November 8. After months of volatile WASDE estimates caused by weather and political events, the changes in estimates for the November WASDE are fairly small. Corn yield/acre estimate was down 1.4 bushels/acre to 167 bushels/acre. But the estimates for all areas of demand were also down slightly. The net effect is ending stocks down 19 million bushel to 1,910 million bushel and a stocks to use ratio of 13.7%.
Production and supply estimates for Soybeans were unchanged. Crushings were down slightly which increase the ending stocks 15 million bushel and a modest increase in the stocks to use ratio to 11.9%.
There were only slight changes in Wheat estimates.
