WASDE Report June 11, 2020

Corn with location behind

At 11 a.m., the USDA released their latest World Ag Supply and Demand Estimate (WASDE)

The initial reaction was positive, with corn and soybeans jumping 2 to 3 cents higher. The main feature is world wide ending stocks for 2019/20 AND 2020/21 reduced slightly from the May estimates.

See below for high-level details:

As of about 11:15 a.m., July corn is up 2, December corn is up 1. July soybeans are up 1 and November beans are unchanged on the day.

Contact your local Grain Marketing Advisor (GMA) or Customer Service Specialist (CSS) if you are wanting to get some bushels priced and moved during the balance of the month of June.