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USDA August Numbers 8/11/23

Better than expected for price outlook of corn and beans. Not so bad for wheat prices. USDA Supply and Demand Highlights for 11 August 2023 Yields: bushels per acre Corn: expected 175.5 actual 175.1 Soybeans: expected 51.3 actual 50.9 Production: billion bushels Corn: expected 15.135 actual 15.111 Soybeans: expected 4.246 actual 4.205 Old Crop Carryover: (aka ending stocks) million bushels Corn: expected 1.410 actual 1,457 Soybeans: expected 0.251 actual 260 Wheat: expected 0.580 actual 580 New Crop Carryover million bushels Corn: expected 2.168 actual 2,202 Soybeans: expected 0.267 actual 245 Wheat: expected 0.598 actual 615


15 Minutes After Report was released: Sept corn +1 December corn +1 November beans -1 Sept CBOT wheat +3 Sept KC wheat -5 Sept Spring wheat +3


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