USDA October World Agricultural Supply and Demand Estimates Report
On October9, the USDA released the October Edition of their monthly World Agricultural Supply and Demand Estimates Report (WASDE).
Report Highlights:
WHEAT: The outlook for 2020/21 U.S. wheat this month is for reduced supplies, higher domestic use, unchanged exports, and lower ending stocks
COARSE GRAINS: This month’s 2020/21 U.S. corn outlook is for lower production, reduced corn used for ethanol and feed and residual use, and smaller ending stocks.
OILSEEDS: U.S. oilseed production for 2020/21 is projected at 126.6 million tons, down 1.1 million from last month with lower soybean, peanut, and cottonseed production partly offset with higher canola and sunflower seed.
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