Farm Progress

The January 12 WASDE report showed an increase in corn yield and ending stocks.

Kevin Van Trump, Founder

January 13, 2018

1 Min Read
Van Trump Report

USDA raised U.S. corn yield and ending stocks increased by 40 million. Quarterly stocks were the highest on record and we continue to swim in old-crop supply.

South American production was left "unchanged" as many had hoped to see a slight reduction. Global ending stocks pushed higher, while corn market posts fresh new contract low.    

  • Total U.S. production was reported at 14.604 vs 14.578. 

  • Yield was reported at 176.6 vs 175.4 last month 

  • Harvested Acres were 82.703 down from 83.119.

  • Feed demand lowered -25 million bushels, exports, and ethanol unchanged.  

  • Ending stocks were reported at 2.477  from 2.437 billion.

  • Dec 1 quarterly stocks were reported at 12.516 vs. 12.386 last year. 

  • Brazil production "unchanged" at 95.00 MMTs

  • Argentine production "unchanged" at 42.00 MMTs

  • Global Ending stocks reported at 206.6 vs. 204.08

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About the Author(s)

Kevin Van Trump


Kevin is a leading expert in Agricultural marketing and analysis, he also produces an award-winning and world-recognized daily industry Ag wire called "The Van Trump Report." With over 20 years of experience trading professionally at the CME, CBOT and KCBOT, Kevin is able to 'connect-the-dots' and simplify the complex moving parts associated with today's markets in a thought provoking yet easy to read format. With thousands of daily readers in over 40 countries, Kevin has become a sought after source for market direction, timing and macro views associated with the agricultural world. Kevin is a top featured guest on many farm radio programs and business news channels here in the United States. He also speaks internationally to hedge fund managers and industry leading agricultural executives about current market conditions and 'black swan' forecasting. Kevin is currently the acting Chairman of Farm Direction, an international organization assembled to bring the finest and most current agricultural thoughts and strategies directly to the world's top producers. The markets have dramatically changed and Kevin is trying to redefine how those in the agricultural world can better manage their risk and better understand the adversity that lies ahead. 

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