Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 5/15/17


In the May 10 WASDE report, the USDA released the first projections for U.S. corn and soybean supply and demand in the 2017-18 marketing year. While the projections on crop production received quite a bit of the focus, the projections for marketing year consumption levels provide essential information in forming expectations for corn and soybean prices in the 2017-18 marketing year. The consumption projections for both crops reflect the potential market size under a scenario consisting of substantial supplies and lower prices.

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