U.S. yields revised downwards [Corn and Soybean - n°1/2017]

The monthly report of January 2017 released by the United States Department of Agriculture (World Agricultural Supply and Demand Estimates Report – WASDE), shows the estimates of a slightly decreasing global Corn production (1037.93 Mio t, -0.2% from last month outlook) and an almost unchanged global Soybean production (337.85 Mio t).

U.S. production is lowered for Corn (384.78 Mio t, -0.5%) on lower harvested area and yields. Also Soybean production is decreasing (117.21 Mio t, -1.2%) but it is still projected to be a record high as well as yields.
Corn used to produce ethanol is raised at 13.5 Mio t, the amount of Corn used during September-November is estimated to be an historical record.

Corn production is projected higher in Serbia, partly offsetting the lower Corn production for Bolivia where the impact of a severe drought during the growing season was worse than previously expected. The largest change in Soybean production is a 2.0 Mio t increase to 104.0 Mio t for Brazil, where beneficial rain has resulted in improved yield prospects.

Corn export is lowered for India, more than offset by increases for Serbia and EU (2.0 Mio t, +0.2 Mio t from December outlook) while Soybean export is projected higher for Brazil (59.5 Mio t, +1.1 Mio t) with decreases in Bolivia and Uruguay.

Corn yields (Forecast 2016-17)

Corn yields (Forecast 2016-17)

Soybean yields (Forecast 2016-17)

Soybean yields (Forecast 2016-17)

Report n°1 (January 2017) about prices, production and global trade prospects for 2016-17 season.
MAIS-SOIA-JAN-2017-EN.pdf (1 MB)
Corn & Soybeans - January 2017: Report about prices, production and global trade prospects for 2016-17 season.

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The CLAL.it team is composed of young people who with the help of Computer Science study the dairy market and develop tools to provide the Operators of the dairy sector with a comprehensive real-time view of the national and international market trends.

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