Predictions For Friday’s WASDE Report
The July update to the World Agricultural Supply and Demand Estimates report is due Friday morning at 11. Seth Meyer of the University of Missouri, who previously chaired the board that releases the report, says it’s unusual for the July report to contain many significant changes.
Meyer suggests that 2021 ending stocks for corn will sit around two-point-eight billion bushels. For soybeans, Meyer says it’ll depend on how optimistic economists are about exports, specifically to China.
Seth Meyer is associate director at the University of Missouri’s Food and Agricultural Policy Research Institute. USDA will also release its monthly Crop Production report tomorrow (Friday) morning at 11, which will include their updated projections for this year’s winter wheat harvest.