WASDE Wheat, Soybean Estimates Unchanged, Small Changes for Corn
December 9th, 2015
Produced by Bill Holbrook
USDA-WAOB's December WASDE had few changes to its 2015/16 supply-demand estimates. Wheat and soybeans were unchanged, leaving price estimates constant at $5.00 and $8.90 respectively. Corn use for ethanol was raised 25 million bushels and exports were lowered 50 million bushels. Ending stocks were raised 25 million bushels to 1.785 billion bushels. Estimated farm price was unchanged at $3.65 per bushel.
The analysis above is not intended as a trade recommendation. The analysis and forecasts are based on available public data and on the best judgment of PRX, but cannot be guaranteed to conform to future reality.
