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Thursday May 12, 2022
Thursday May 12, 2022
- Wheat
- Today’s report was bullish for 2022/23
- Wheat futures up sharply
- 2021/22 export numbers raised
- Corn
- No changes to 2021/22
- 2022/23 forecasted production down 4%
- Surprising change to yield: Way to under-promise and over-deliver!
- Soy complex
- Crush/exports expected to rise
- Good upcoming year for soybeans? USDA thinks so!
- Soybean oil share higher than meal share
- Sugar
- 2021/22 imports increased to reflect USDA quota increases and TRQ reassignments
- Beet production lowered 84,000 on late plantings
- Sugar deliveries increased for third consecutive month
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Kevin Combs, Vice President – Sweeteners Specialist
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