To view this email as a web page, click here

                                                           
 
 
USDA lowered its soybean ending stocks forecast by 50 million bu. from last month. Traders were expecting a 32-million-bu. reduction in old-crop soybean carryover. USDA made no changes to the supply side of the balance sheet. On the demand side, it increased exports by 50 million bu. and left the other usage categories unchanged from last month. USDA now projects the national average on-farm cash soybean price at $8.75, down a quarter from last month.

Note: This is USDA’s first forecasts since the Phase 1 trade deal with China was signed. The only direct China-specific commentary on U.S. exports that USDA included in this report was in soybeans. The department raised soybean exports for 2019-20 by 50 million bu. from last month, “partly reflecting increased imports for China.” USDA increased Chinese soybean imports for 2019-20 by 3 MMT to 88 MMT. China’s ag ministry left its 2019-20 Chinese soybean import forecast at 87.7 MMT earlier today.
Read complete report.
 
 
Start Free Trial
 
 
Pro Farmer shares key market updates in their free weekly email, PF Flash. Sign up here.
 
 
KEY MEMBER BENEFITS

Text Message Market Alerts


Morning & Afternoon Market Commentary


Open-Line to our Editors
and Analysts


Condensed News Saves You Time
Detailed Marketing Game Plans Daily audio reports to keep you updated when you don't have time to read
The Best Policy Coverage Available
Unbiased Analysis &
Trusted Commentary

No Long-Term Commitment,
Cancel Any Time
 
 
No-Risk Free Trial
 
 
capitol.png
 
 
LEADING POLICY COVERAGE
 
Unbiased & exclusive reports on trade, farm bill progress, government programs and key election news from the acknowledged leader in ag policy coverage.
 
POLICY NEWS
 
profit_lock.png
 
 
UNBIASED MARKETING ADVICE
 
Receive timely, unbiased alerts when opportunities to lock in strong per-acre revenue arise. Pro Farmer is not a brokerage firm and does not profit from trades.
 
ADVICE MONITOR
 
phone_email.png
 
 
EDITORS'
OPEN
LINE

 
Every Pro Farmer member enjoys open line privileges with an editor or analyst. When you need further clarification on something you read, or on advice issued, give us a call.
 
ABOUT US
 
 
 
 
 

You are subscribed as newsletter@newslettercollector.com. To ensure delivery to your inbox (not bulk or junk folders), add aginfo@farmjournal.com to your address book.

Manage Your E-mail

  • Click here to unsubscribe from Farm Journal Media events and promotions.

Contact us: Contact the editorial team | Interested in advertising with Farm Journal?Having email problems?

Copyright 2020 Farm Journal, Inc
8725 Rosehill Rd., Suite 200, Lenexa, KS 66215
(877) 692-4932