Tidbits, S&D Expectations, U.S. Inflation, Crude Inventories, Fertilizer, Broilers & Ethanol 6/11/26
- Wright team
- Jun 11
- 4 min read
Tidbits
June S&D: At 11 AM Central Time today, the USDA will issue its June S&D. It most likely will have very little impact on the markets. It is too early for USDA to change yields or acres for corn and beans. Wheat production could be interesting, but wheat harvest is just getting a good start. The demand side could see an increase in corn exports, a decrease in soybean exports with an increase in soybean crush. Will USDA reduce or increase the size of Brazil’s safrinha corn crop?
CONAB will also update their Brazilian production forecasts today.
Here is what CONAB reported yesterday:
The second corn crop is 3% harvested. In Mato Grosso, dry weather is accelerating maturation, with good yields being obtained. In Paraná, harvest is approaching the start, and most fields are in good condition. In Mato Grosso do Sul, reduced soil moisture in the southwest is compromising productive potential. In Goiás, a persistent lack of rainfall continues to impose severe water stress on crops and accelerate the cereal's cycle. In São Paulo, reduced rainfall is harming productive potential, especially in the northwest. In Minas Gerais, dry weather has already irreversibly compromised the cereal's productive potential. In Tocantins, most fields are maturing. In Maranhão, harvest has started in the southwest and should accelerate at the end of June. In Piauí, most areas show good development, but some areas already show symptoms of water deficit due to reduced rainfall. In Pará, crops in the Santarém and Paragominas poles continue to develop under good conditions.
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