News & Publications
May 2, 2023 |
2023 planting, weather, take center stage
USDA’s March 31 planting intentions report gave us a first look at the new crop balance sheet, but on May 12 the agency’s WASDE report will fill in the remaining blanks, for both supply and demand estimates on corn and soybeans.
The May report will vary from the final balance sheet in September 2024. There is a lot of “noise” in the week-to-week reports that traders comb through to update their private estimates. Let’s take a step back and look at the overall trend year on year as we round out 2022 and turn our focus to 2023.
