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Premiered Jun 28, 2019
Todd Hubbs and Scott Irwin from the Department of Agricultural and Consumer Economics at the University of Illinois review USDA’s June 28 Grain Stocks and Acreage reports and considers balance sheet and price implications for both old and new crop corn and soybeans. The USDA’s estimate of June 1 stocks of corn and soybeans will provide a clearer picture of total 2018-19 marketing year consumption, ending stocks, and price prospects. The magnitude of planting acreage will clarify prospects for the size of the 2019 corn and soybean crops with implications for the 2019-20 balance sheets and price prospects.