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Blog

USDA cuts WASDE corn, wheat ending stocks, raises export estimates

Alexandra Watts | 12.10.2024

The USDA’s December release of the World Agricultural Supply and Demand Estimates (WASDE) report on Tuesday December 10 has provided fresh estimates for corn and wheat.

US corn forecasts for 2024/25 suggest greater corn used for ethanol, larger exports and lower ending stocks.

Wheat estimates for 2024/25 in the US indicated slightly larger supplies, unchanged domestic use, increased exports and lower ending stocks.

US soybean supply and use projections for 2024/25 were unchanged.

Corn
Corn used to produce...

US steer hide prices slightly increase; cow hides steady

Trading in the US hide market was slow on Tuesday December 10. Market participants reported a single trade on...

US soyoil exports to hold strong into 2025; USDA hikes WASDE outlook

US export demand for soybean oil remains robust and is expected to stay that way well into the first...

Buyers continue to seek direction as prices remain steady

Prices for organic corn and soybeans have remained relatively steady as market participants watch carefully for clear market signals. Falling...

US spot glycerin prices hold strong amid light trading, tight stocks

Glycerin prices in the US were relatively stable in the week to Monday December 9.

Market sources continued...

Grease prices continue to dip; hog slaughter up slightly on week

The US animal fats markets experienced a quiet start on Monday December 9, with little change observed aside from...

Holiday downtime pushes cattle slaughter forecast lower

The animal protein market was quiet on Monday December 9 with no trading reported, although sources did say they...

Central Illinois soybean crush margin drops to 5-month low

In the week to Friday December 6, the soybean crush margin in Central Illinois decreased by 2.75% week on...

Hide, leather markets face headwinds of bearish economy, increasing supply

The hides and luxury leather markets continued to face significant challenges due to global economic pressures and shifting supply-demand...

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USDA cuts WASDE corn, wheat ending stocks, raises export estimates

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