Just a quick update after the USDA / WASDE report today. DEC19 Corn futures at 12:12 PM ET today down 9.50 cents at 385.
If you want the “short version”: Little change, though the avg. to farm price went from 360 to 380 (where it had been earlier.) This was due to adjustments of exports and usage.
In next weeks TRADE COMMENTARY, I’ll put up the charts and discuss this in more detail. Now, at 12:22 PM, DEC19 trading 382, down -12.25 cents/bushel. Thanks – Don
My suggestion is you download the PDF version and print the pages you need from there. I’m not sure these columns will hold up for mobile viewing (you may have to scroll to right margin to read it), so just download the PDF and compare SEP and OCT numbers, you will see they are almost no change or ‘small changes’ overall. You have to scroll down quite a few pages to find “coarse grains and corn” tables.
U.S. Feed Grain and Corn Supply and Use 1/
================================================================================
2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj.
Item Sep Oct
================================================================================
Million Acres
FEED GRAINS
Area Planted 100.9 100.1 100.7 100.7
Area Harvested 90.5 89.6 90.0 89.6
Metric Tons
Yield per Harvested Acre 4.24 4.24 4.05 4.06
Million Metric Tons
Beginning Stocks 62.1 57.9 65.9 57.8
Production 384.1 379.7 364.1 363.4
Imports 2.7 2.3 3.2 3.1
Supply, Total 449.0 440.0 433.2 424.3
Feed and Residual 138.6 147.6 137.4 140.3
Food, Seed & Industrial 185.3 179.7 181.8 180.1
Domestic, Total 323.9 327.3 319.1 320.4
Exports 67.2 54.9 54.7 50.9
Use, Total 391.1 382.2 373.9 371.3
Ending Stocks 57.9 57.8 59.4 53.0
Million Acres
CORN
Area Planted 90.2 89.1 90.0 89.9
Area Harvested 82.7 81.7 82.0 81.8
Bushels
Yield per Harvested Acre 176.6 176.4 168.2 168.4
Million Bushels
Beginning Stocks 2293 2140 2445 2114
Production 14609 14420 13799 13779
Imports 36 28 50 50
Supply, Total 16939 16588 16295 15944
Feed and Residual 5304 5618 5175 5300
Food,Seed& Industrial 2/ 7057 6791 6880 6815
Ethanol & by-products 3/ 5605 5376 5450 5400
Domestic, Total 12361 12409 12055 12115
Exports 2438 2065 2050 1900
Use, Total 14798 14474 14105 14015
Ending Stocks 2140 2114 2190 1929
Avg.FarmPrice ($/bu) 4/ 3.36 3.61 3.60 3.80
================================================================================
WASDE - 593 - 13 October 2019
Good news for short 420 DEC19 Corn CALLS. When Kansas State Univ put out the charts update, I’ll present it here. – Don
Trial Subscribers: Subscribe today and don’t miss an issue. Thank you.
click here OR the picture below.
Don A. Singletary
When new subscribers ask me to recommend a broker that has very easy-to-learn and easy-to-use software (free of course) and a good commission rate, I recommend TastyWorks. I have some of my personal accounts there. They also have a low 85 cents commission rate on the new Micro Index Futures; this is only $2.42 INCLUDING ALL FEES / ROUND TRIP .
TastyWorks: $2,000 minimum to open account. Easy online application, free ACH money transfers. Here’s my affiliate link forTASTYWORKS.International Accounts for 70 countries available.
***************
The commentary and examples are for teaching purposes only and are not intended to be a trading or trade advisory service. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein on the web site and/or newsletter, are committed at your own risk, financial or otherwise. Trading with leverage could lead to greater loss than your initial deposit. Trade at your own risk. Investors and traders are responsible for their own investment/trading decisions including entries, exits, position, sizing and use of stops or lack thereof. This is not a trade advisory service and is for educational purposes only. The content on the pages here is believed to be reliable - but we cannot guarantee it.
Don A. Singletary is a teacher and writer. For 25 years he was a commodity risk management (hedge) consultant for major corporations. He is the author of Option Income Training Bulletin, the only such publication dedicated to teaching small/medium personal investors how to sell commodity options for a second income, a strategy traditionally used mostly by professional investors, the wealthy, and money managers.
While this website is for subscribers only, you can get full access with a free trial subscription. Also you may visit his blog with many trade examples and articles on this valuable strategy at: SellingCommodityOptions.com
Greetings: 10 Oct 2019, Thursday.
Just a quick update after the USDA / WASDE report today. DEC19 Corn futures at 12:12 PM ET today down 9.50 cents at 385.
If you want the “short version”: Little change, though the avg. to farm price went from 360 to 380 (where it had been earlier.) This was due to adjustments of exports and usage.
In next weeks TRADE COMMENTARY, I’ll put up the charts and discuss this in more detail. Now, at 12:22 PM, DEC19 trading 382, down -12.25 cents/bushel. Thanks – Don
Here’s an excerpt from today’s report: (available at: https://www.usda.gov/oce/commodity/wasde/
My suggestion is you download the PDF version and print the pages you need from there. I’m not sure these columns will hold up for mobile viewing (you may have to scroll to right margin to read it), so just download the PDF and compare SEP and OCT numbers, you will see they are almost no change or ‘small changes’ overall. You have to scroll down quite a few pages to find “coarse grains and corn” tables.
U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Item Sep Oct ================================================================================ Million Acres FEED GRAINS Area Planted 100.9 100.1 100.7 100.7 Area Harvested 90.5 89.6 90.0 89.6 Metric Tons Yield per Harvested Acre 4.24 4.24 4.05 4.06 Million Metric Tons Beginning Stocks 62.1 57.9 65.9 57.8 Production 384.1 379.7 364.1 363.4 Imports 2.7 2.3 3.2 3.1 Supply, Total 449.0 440.0 433.2 424.3 Feed and Residual 138.6 147.6 137.4 140.3 Food, Seed & Industrial 185.3 179.7 181.8 180.1 Domestic, Total 323.9 327.3 319.1 320.4 Exports 67.2 54.9 54.7 50.9 Use, Total 391.1 382.2 373.9 371.3 Ending Stocks 57.9 57.8 59.4 53.0 Million Acres CORN Area Planted 90.2 89.1 90.0 89.9 Area Harvested 82.7 81.7 82.0 81.8 Bushels Yield per Harvested Acre 176.6 176.4 168.2 168.4 Million Bushels Beginning Stocks 2293 2140 2445 2114 Production 14609 14420 13799 13779 Imports 36 28 50 50 Supply, Total 16939 16588 16295 15944 Feed and Residual 5304 5618 5175 5300 Food,Seed& Industrial 2/ 7057 6791 6880 6815 Ethanol & by-products 3/ 5605 5376 5450 5400 Domestic, Total 12361 12409 12055 12115 Exports 2438 2065 2050 1900 Use, Total 14798 14474 14105 14015 Ending Stocks 2140 2114 2190 1929 Avg.FarmPrice ($/bu) 4/ 3.36 3.61 3.60 3.80 ================================================================================ WASDE - 593 - 13 October 2019Good news for short 420 DEC19 Corn CALLS. When Kansas State Univ put out the charts update, I’ll present it here. – Don
Trial Subscribers: Subscribe today and don’t miss an issue. Thank you.
click here OR the picture below.
Don A. Singletary
When new subscribers ask me to recommend a broker that has very easy-to-learn and easy-to-use software (free of course) and a good commission rate, I recommend TastyWorks. I have some of my personal accounts there. They also have a low 85 cents commission rate on the new Micro Index Futures; this is only $2.42 INCLUDING ALL FEES / ROUND TRIP .
TastyWorks: $2,000 minimum to open account. Easy online application, free ACH money transfers. Here’s my affiliate link for TASTYWORKS. International Accounts for 70 countries available.
***************
The commentary and examples are for teaching purposes only and are not intended to be a trading or trade advisory service. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein on the web site and/or newsletter, are committed at your own risk, financial or otherwise. Trading with leverage could lead to greater loss than your initial deposit. Trade at your own risk. Investors and traders are responsible for their own investment/trading decisions including entries, exits, position, sizing and use of stops or lack thereof. This is not a trade advisory service and is for educational purposes only. The content on the pages here is believed to be reliable - but we cannot guarantee it.