Tidbits, Firm Soybean Basis, S&D Estimates, Brazilian Beef, Biofuels & Ethanol 10/9/25
- Wright team
- Oct 9
- 5 min read
Tidbits
S&D: The USDA is not expected to release the October WASDE report tomorrow, but trade estimates were collected. The average estimate for U.S. corn production is 16.632 billion bushels with the yield of 184.8 bpa. The September WASDE report showed corn production at 16.814 billion bushels with a yield of 186.7 bpa. U.S. soybean production's average estimate is 4.267 billion bushels with a yield at 53.1 bpa, compared to 4.301 billion bushels and 53.5 bpa in September.
U.S. ending stocks are expected to rise 4-6%, the average estimate for corn is 2.242 billion bushels (USDA September was 2.110 billion bushels), soybeans at 316 million bushels (USDA at 300 million), and wheat stocks at 880 million bushels (USDA at 844 million).
U.S. crude oil stocks, including the Strategic Petroleum Reserve, rose by 4 million barrels for the week ended October 3, after a 2.5 million increase the prior week, far above Bloomberg’s survey expectation. Overall crude inventories were 2.7% higher vs. a year earlier and about 4% below the five-year average.
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