Dale Johnson, Farm Management Specialist
University of Maryland
Information from USDA September WASDE report
Attached is the summary for the September World Agricultural Supply and Demand Estimates (WASDE) that was published on September 12. Corn harvested acre estimate was unchanged but yield estimate was adjusted down 1.3 bushel per acre to 168. Other estimate adjustments were insignificant.
Soybean harvested acres estimate was unchanged but yield estimate was adjusted down 0.6 bushels per acre. Beginning stock estimate was adjusted down and ending stocks estimate was down a significant 115 million bushel which significantly decreased the stocks-to-use ration from 18.8% to 15.9% which gave a bump to market prices. Today, Friday 13, China announced exemptions for soybean and pork tariffs which should further help our situation.
There were no changes in wheat estimates.
