Agriculture Roundup for Friday August 14, 2020
There were no big surprises in the latest World Agricultural Supply and Demand estimates.
World corn stocks were up slightly at 317 million metric tonnes up two million metric tonnes while soybeans were up slightly at 95 million metric tonnes.
The projected soybean yield was surprising at 53.3 bushels an acre which would be a record.
Projected yields for the Canadian wheat crop was unchanged while the United States crop is in good shape heading into September but, more rain would be welcome.