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USDA Supply and Demand Report to be released Thursday

USDA’s upcoming Supply and Demand report will include updated old and new crop export projections.

Outlook Board chairman Seth Meyer says a lot of data and analysis go into the numbers.

“We’ll take a look forward and if we make any adjustments on supply, that will of course effect our domestic prices and our availability to export. We will look and see what is on the books in terms of outstanding sales. We will look at everybody else’s crops and see how much competition we are going to have, and we will make our trade adjustments.”

The report, which will also include new forecasts for yields and prices, comes out at Noon Eastern/ 11 Central on Thursday.